Term trust

Term trust

A closed-end fund that has a fixed termination or maturity date.

Term Trust

A unit investment trust with a maturity date. That is, a term trust is an unmanaged portfolio of securities that an investor may buy. At the maturity date, all shares in the term trust are redeemed, and shareholders are entitled to the profits (or must suffer the losses) that the portfolio has achieved over its life. It is a type of closed-end investment company.
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There are three basic components of the return of a municipal term trust in its final year: 1) the closing of the discount at which the fund is bought, 2) the tax-free distributions, and 3) the tax credit created when the fund pays out the embedded undistributed tax-free income upon the liquidation of the fund.
M2 EQUITYBITES-February 26, 2016-BlackRock Municipal Target Term Trust's board approves change of name to BlackRock Municipal 2030 Target Term Trust
BANKING AND CREDIT NEWS-December 22, 2014-Eaton Vance Municipal Income Term Trust plans name change
BlackRock Municipal 2018 Term Trust (NYSE:BPK), BlackRock California Municipal 2018 Term Trust (NYSE:BJZ) and BlackRock New York Municipal 2018 Term Trust (NYSE:BLH), tax-exempt closed end funds, announced on Tuesday dividends of USD0.
22 February 2010 - DBRS withdrew yesterday the ratings on the series 2000-4 class A, class B and class C receivables-backed notes of Canadian Hollis Receivables Term Trust.