Public limited partnership

Public limited partnership

A limited partnership with an unlimited number of partners that is registered with the SEC and is available for public trading by broker/dealers.

Public Limited Partnership

A limited partnership with no limit on the number of partners allowed. A public limited partnership is registered with the SEC and is available to be traded through brokers and/or dealers. A public limited partnership combines some of the characteristics of a limited partnership and a publicly-traded company.
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CA Bancorp Inc (TSX: BKP) has said that it has completed the previously announced sale of its units of Charter Real Estate Investment Trust (TSX VENTURE: CRH.UN) to IGW Public Limited Partnership, an affiliate of League Assets Corporation at a price of USD1.45 per unit.
The bank sold the units to IGW Public Limited Partnership, an affiliate of League Assets Corp.
Answer--A public limited partnership is registered with the SEC and is offered to the general public through broker/dealers.
The bank has agreed to sell the units at USD1.45 apiece to IGW Public Limited Partnership, an affiliate of League Assets Corp.
This is an informal market consisting of about 15 independent broker-dealers that match up buyers and sellers of public limited partnership interests.
The data set for estimating the minority interest discount is taken from the trading of public limited partnership interests; for the marketability discount the data set is taken from identical stock interests in public companies trading in two different types of markets.
This discount is then subtracted from the indication from comparable public limited partnerships to give the net minority interest (control) discount.
The discount should not be reconciled outside the indicated range, even if provisions in the agreement are obviously more onerous than those typically found in public limited partnerships. Such elements can exhibit strong nonlinearities, which would not be understood in any quantitative way without usable data for guidance.
The most direct method uses a regression analysis of the discount differential between reasonably similar REITs and larger public limited partnerships.
Many family limited partnership agreements contain more transfer restrictions than the agreements of the public limited partnerships or REITs against which they are often compared, or they have inferior assets and management performance.
These data represent the 2002 yields seen in public limited partnerships containing commercial properties, as reported by Partnership Profiles.
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