Except in limited circumstances, unit trust portfolios will hold and continue to hold shares of the same securities whatever the market does.
The oddest feature of UITs is that they dissolve on a mandatory termination date ranging from one to thirty years from the date UIT is created.
Check with the company currently holding your account to find out if it has any transfer fees or requirements.
When you transfer "in kind," you simply move your investments to us "as is." There's no selling or buying involved and no tax consequences either.
Beck failed to give customers discounts for approximately $ 23 million of UIT investments purchase.A RIC is a corporation in which the investors are joint owners, and a grantor trust grants investors proportional ownership in the UIT's underlying securities.Investors can redeem mutual fund shares or UIT units at net asset value (NAV) to the fund or trust either directly or with the help of an investment advisor.NAV is defined as the total value of the portfolio divided by the number of shares or units outstanding and the NAV is calculated each business day.On the other hand, closed-end funds are not redeemable and are sold in the secondary market at the current market price.