Americus Trust

Americus Trust

A trust containing common stock that issued two types of units representing that stock: primes and scores. Holders of primes received all dividends that were issued for the life of the trust plus, at maturity, the total value of the share up to a certain amount. Score holders received the excess of that certain amount. Americus trusts no longer exist as the result of a tax ruling in 1987 that eliminated most of their tax advantages. See also: PERC.
References in periodicals archive ?
This paper seeks to add to this literature by studying the ex-day behavior of a set of stocks and of their newly created derivative securities known as Americus Trust Primes.
The Americus Trust Corporation formed a unit investment trust and created new securities based on the stock securities of 26 large corporations; the trust has a life of five from inception.
The Americus Trust Corporation, however, stands ready to exchange a prime plus score for the unit, or equivalent, the underlying stock.