Yield (finance) - Preferred Trust Units

Preferred Trust Units

Like preferred shares but units in a trust. Trusts have certain tax advantages to standard corporations and are typically deemed to be "flow-through" vehicles. Private mutual funds trusts are gaining in popularity in Canada following the changes to tax legislation which forced many publicly traded royalty trusts to convert back into corporations. Investors seeking the high yields typically associated with the energy royalty trusts are increasingly investing in private mutual energy fund trusts.

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The Great Atlantic & Pacific Tea Company - History - 1901-1950
... Under this agreement, the Gilman heirs received $1,250,000 in preferred shares at 6% interest, while Hartford received $700,000 in common stock and the remainder of the preferred shares ... Over several years, Hartford was able to repurchase the preferred shares from the Gilman heirs ... in 1917 his will established a one-generation trust divided equally among his five children ...

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