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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References in periodicals archive ?
Salomon Brothers 2008 Worldwide Dollar Government Term Trust Inc.
Salomon Brothers 2008 Worldwide Dollar Government Term Trust Inc. Announces Results of Annual Meeting of Shareholders
NEW YORK -- On January 2, 2013, each of BlackRock Municipal 2018 Term Trust (NYSE: BPK), BlackRock California Municipal 2018 Term Trust (NYSE: BJZ), BlackRock New York Municipal 2018 Term Trust (NYSE: BLH), BlackRock Municipal 2020 Term Trust (NYSE: BKK) and BlackRock Florida Municipal 2020 Term Trust (NYSE: BFO),the five BlackRock closed-end term trusts with auction rate preferred shares ("ARPS") outstanding (the "Term Trusts"), announced partial redemptions of their respective ARPS.
BlackRock Closed-End Term Trusts Review of Liquidity for Outstanding Auction Rate Preferred Shares
In the news release, Nations Government Income Term Trust 2004, Inc.
/ C O R R E C T I O N -- Nations Government Income Term Trust 2004, Inc. /
NEW YORK -- Western Asset 2008 Worldwide Dollar Government Term Trust Inc.
Western Asset 2008 Worldwide Dollar Government Term Trust Inc. Announces Results of Annual Meeting of Shareholders
BlackRock today reported the net asset values, as of the close of business on September 21, 2001, for The BlackRock California Insured Municipal 2008 Term Trust (NYSE: BFC; CUSIP: 09247G108), The BlackRock California Investment Quality Municipal Trust Inc.
BlackRock Reports Net Asset Values for Closed-End Municipal Tax-Exempt Funds
and the Board of Directors of The BlackRock Advantage Term Trust, Inc.
The BlackRock Advantage Term Trust, Inc. Meets Target Price On Time; Marks BlackRock's Seventh Successful Term Trust
NYSE: BNA; CUSIP: 092475102), The BlackRock Strategic Term Trust Inc.
BlackRock Reports Net Asset Values For Closed-End Taxable Funds
Presentations made to branch offices at Dean Witter for one of the Term Trust offerings focused sharply on CD holders and money market investors and told brokers "CD investors are looking for safety and competitive yields - features available in Term Trust 2000.
NASD Regulation Charges Dean Witter Reynolds Inc. With Securities Fraud and Other Violations Related to the Marketing And Sales of Term Trusts; Two Individuals Also Charged
NEW YORK -- Salomon Brothers 2008 Worldwide Dollar Government Term Trust Inc.
Salomon Brothers 2008 Worldwide Dollar Government Term Trust Inc. Announces Results of Annual Meeting of Shareholders
American Adjustable Rate Term Trust 1996 (BDJ) distributions for June, July and August were declared on May 15, 1995.
CLOSED-END FUNDS MANAGED BY PIPER CAPITAL MANAGEMENT DECLARE MONTHLY DISTRIBUTIONS
Fund Symbol 12/31/94 Net assets NAV per share (000) American Municipal Term Trust AXT 131,420 10.
PIPER CAPITAL MANAGEMENT ANNOUNCES FINANCIAL POSITION OF CLOSED-END FUNDS
and the Board of Directors of The BlackRock Investment Quality Term Trust, Inc.
The BlackRock Investment Quality Term Trust, Inc. Meets Target Price On Time; Marks BlackRock's Sixth Successful Term Trust

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