DKW takes advantage of tax breaks to offer income investment trust launch
The rush to income looks set to strengthen the offshore investment trust sector with the launch of a Canadian income trust. Dresdner Kleinwort Wasserstein (DKW) is acting as broker to pioneer the launch of the Canadian Income Trust that will pay in excess of 7% net a year by investing in Canadian investment companies. The trust itself will be listed in London but will be domiciled in Guernsey and is set for launch at the end of October. The trust is to make use of an oddity of the Canadian market, which allows investors to access companies through investment vehicles consisting entirely...
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