split level investment trust

an investment trust with two categories of shares: income shares which receive income from the investments, but do not benefit from the rise in their capital value, and capital shares, which increase in value as the value of the investments rises, but do not receive any income.

Also called split trust, split-capital trust
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split capital trust
split trust
capital shares
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earnings yield
crown jewels
compulsory annuity
deferred creditor