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Allbanc Split (TSX:ABK.PR.C.PFD) Fixed Maturity Investment


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What is Allbanc Split Fixed Maturity Investment?

Fixed Maturity Investment only applies to insurance companies.


Allbanc Split (TSX:ABK.PR.C.PFD) Business Description

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Allbanc Split Corp is a mutual fund corporation. The company's portfolio includes shares of various banks to generate income for the holders of its preferred shares and to enable the holders of its capital shares to participate in any capital appreciation in the Portfolio Shares and to benefit from any increase in the dividends payable on the Portfolio Shares.