Local Government Listed Public Unit Trust
A public unit trust is a trust whose units are:
- listed on the stock exchange, or
- offered to the public, or
- held by 50 or more persons, except where 20 or fewer persons hold 75% or more of the beneficial interests in the income or property of the trust.
Public unit trusts need to be further classified for statistical purposes into those that are listed (on the stock exchange) and those that are unlisted.
Any of the units are listed for quotation with the stock exchange.
None of the units are listed for quotation with the stock exchange.