income shares


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Income Share

In a dual purpose fund, a share that is entitled to a portion of a firm's ordinary income. Dual purpose funds issue two types of shares: income shares and capital shares, which are entitled to appreciation on the firm's investments. A dual purpose fund has the advantage of allowing shareholders to choose which shares in which to invest (according to their investment goals) without the difficulty of changing investment vehicles. An income share carries lower risk than a capital share.

income shares

One of the two types of stock issued by a dual purpose fund in which the owner is entitled to all the income earned by the portfolio plus the return of the stock's par value (if sufficient funds remain) at the time the fund dissolves. These shares appeal mainly to investors seeking high current income since the chance for capital gain is negligible. Compare capital shares.
References in periodicals archive ?
Following this sale the total number of Global Equity Income shares in issue (excluding 3,418,000 Global Equity Income shares held in treasury) is 32,995,312.
They can purchase income shares that each provide $10 of guaranteed monthly income for life.
Global Banking News-11 February 2010-The Hartford Income Shares Fund Inc declares dividend(C)2010 ENPublishing - http://www.
September 2004 to the holders of Income shares on the register at 17 September
There are four basic models of child support guidelines on whose income and needs should be considered in establishing a child support award: income shares, fixed percentage of noncustodial income, varying percentage of noncustodial income and Melson Delaware.
At a meeting held on March 17, 2010, the Board of Directors of The Hartford Income Shares Fund, Inc.
Following this sale the total number of Global Equity Income shares in issue (excluding 3,988,000 Global Equity Income shares held in treasury) is 32,425,312.
Number of Ordinary Income Shares tendered for 721,366
The Shares arising or allotted pursuant to the conversion will rank pari passu with the existing Shares of the relevant class and, for the avoidance of doubt, will not rank for the dividends declared on 15 October 2015 in respect of the UK Equity and Global Equity Income Shares.
The Preferred Income shares had an asset value of 18.
Holders of UK Equity shares and Global Equity Income shares are reminded that, as indicated in the annual financial report, the next quarterly dividends are expected, in the absence of unforeseen circumstances, to be equal to the first and second quarterly dividends.