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Investment trust |
Also found in: Dictionary/thesaurus, Acronyms, Encyclopedia, Wikipedia, Hutchinson | 0.02 sec. |
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Investment trust A closed-end fund regulated by
the Investment Company Act of 1940. These funds have a fixed number of shares
that are traded on the secondary markets,
like corporate stock. The market price may exceed the asset value per share, in which case shares are selling at a premium.
When the market price falls below the (NAV)/share,
shares are selling at a discount. Many
closed-end funds are of a specialized
nature; the portfolio represents a particular
industry or, country. These funds are usually listed on US and foreign
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This new transaction includes a direct lease with Wells Real Estate Investment Trust for 12,275 square feet on the entire 29th floor. PHILADELPHIA -- RAIT Investment Trust (NYSE:RAS) will webcast live its special meeting of shareholders on Monday, December 11, 2006 at 10:00 a. PHILADELPHIA -- RAIT Investment Trust ("RAIT") (NYSE:RAS) will present at the 2006 Friedman, Billings, Ramsey Investor Conference in New York City on November 29, 2006 at 8:30 am (EST). |
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