AFM121 Chapter Notes - Chapter 22: Dividend Tax, Tax Deferral, Private Equity Fund

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM121
• Professor: John D' Amato

Document Summary

Closed-end funds: closed-end funds issue shares only at start-up or other infrequent periods, reinvest proceeds and borrowings in a portfolio to earn income and capital gains, units or shares trade on stock exchanges. If they trade on foreign exchanges, the dividends do not qualify for the dividend tax credit. Income may be eligible for federal or provincial tax credits, most are eligible for. Some track sector indexes, bond indexes, gold, etc: newer trends involve the use of actively managed etfs, leveraged etfs, inverse leveraged etfs, and commodity etfs on commodities such as gold, natural gas, etc. Investment company that raises capital, which it uses to invest in a wide range of other companies: form of equity or debt, or a combination, may structure itself as a private equity fund. Several types: leveraged buyouts, growth capital, turnaround, early stage venture capital (vc, late stage vc, distressed debt.