Income trust definition

Income trust means a trust, created by either an inter vivos or a testamentary instrument, which directs or permits the trustee to distribute the net income of the trust to one or more persons, either in fixed proportions or in amounts or proportions determined by the trustee, and regardless of whether the trust directs or permits the trustee to distribute principal of the trust to one or more of those persons.
Income trust means a trust or an entity, including corporate and non-corporate entities, the securities of which entitle the holder to net cash flows generated by an underlying business or income-producing properties owned through the trust or by the entity;
Income trust means a trust that is not a unitrust.

Examples of Income trust in a sentence

  • Income trust distributions are, for Canadian tax purposes, composed of different types of payments that are referred to as "returns on capital" or "returns of capital." These terms are also used more generally, to make an economic rather than a tax-driven distinction.

  • Income trust issuers must provide disclosure in a manner which recognizes that certain functions of a corporate issuer, its board and its management may be performed by any or all of the trustees, the board or management of a subsidiary of the trust, or the board, management or employees of a management company.

  • Income trust issuers should provide copies of all green sheets to the securities regulatory authorities when filing the preliminary prospectus, together with separate documentation providing a clear and concise explanation of how the yield figure (if contained in the green sheet) is derived from the prospectus disclosure.

  • Income trust issuers should, in applying these guidelines, recognize that certain functions of a corporate issuer, its board and its management may be performed by any or all of the trustees, the board or management of a subsidiary of the trust, or the board, management or employees of a management company.

  • Income trust issuers should, in applying this Policy, recognize that certain functions of a corporate issuer, its board and its management may be performed by any or all of the trustees, the board or management of a subsidiary entity of the trust, or the board, management or employees of a management company.


More Definitions of Income trust

Income trust means a trust, created by either an inter vivos or a testamentary instrument, which directs or permits the trustee to distribute the net income of the trust to one or more persons, either in fixed proportions or in amounts or proportions determined by the trustee. However, a trust that does not meet this definition is nonetheless an income trust if the trust is subject to taxation under section 2001 or 2501 of the Internal Revenue Code, until the expiration of the period for filing the return, including extensions.
Income trust means a trust, created by either an inter vivos or a
Income trust means a fund, trust, limited partnership, corporation or other entity, the securities of which are listed on a stock exchange or traded on a stock market, structured to own debt and/or equity of an underlying company or partnership, or a royalty in revenues generated by the assets thereof, which carries on an active business including royalty trusts, income funds, certain limited partnerships, certain corporations and other income vehicles including, without limitation, securities of an issuer that are typically issued in securities comprised of a dividend- bearing common share and a promissory note, the two components of which, after an initial period during which separation is prohibited, can be split and traded separately, provided that the determination by the Manager that an issuer of securities is an Income Trust shall be conclusive for all purposes herein. General Investment Strategies for All CI First Asset ETFs General investment strategies employed by all CI First Asset ETFs are described below. To the extent that there is a conflict between the general investment strategies described below and the investment strategies of a particular CI First Asset ETF described in the applicable ETF profile attached as Schedule A to this prospectus, the description in the ETF profile shall prevail. For a description of the investment strategies of a particular CI First Asset ETF, please see the applicable ETF profile attached as Schedule A to this prospectus beginning on page 92. Investment in Other Investment FundsIn accordance with applicable securities legislation, including any exemptions obtained therefrom, and as an alternative to or in conjunction with investing in and holding securities directly, a CI First Asset ETF may also invest in one or more other investment funds, including investment funds managed by the Manager (each, an “Other Fund”), provided that no management fees or incentive fees are payable by the CI First Asset ETF that, to a reasonable person, would duplicate a fee payable by the Other Fund for the same service. A CI First Asset ETF’s allocation to investments in other investment funds, if any, will vary from time to time depending on the relative size and liquidity of the investment fund and the ability of the applicable Portfolio Manager of the CI First Asset ETF to identify appropriate investment funds that are consistent with the CI First Asset ETF’s investment objectives and strategies.The CI First Asset ETFs have obtained an exe...
Income trust means a trust
Income trust means a trust that has assets in Canada if
Income trust means a trust or other entity that issues securities that entitle the holders to net cash flows generated by another entity;
Income trust means a trust or other person that issues securities that entitle the security holders to net cash flows generated by