Entry from British & World English dictionary
Definition of unitholder in English:
A person with an investment in a unit trust.
- Closed end retail funds no longer accept new investors or new investments from existing unitholders.
- Some funds distribute returns directly to unitholders, while others reinvest the distributions back into the fund, buying more units for fundholders.
- Also, the number of unitholders has quadrupled, again indicating investors' strong appetite for low cost, tax smart and precise investment vehicles.
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