dual purpose fund investment & finance definition
A special-purpose, unusual type of closed-end investment company offering two classes of stock in approximately equal amounts.
Dual Purpose Fund - A dual - purpose fund is a security created by a closed end investment that offers 2 classes of stock. A closed end stock has a fixed number of shares so it?s not like a typical investment stock.
Dual Purpose Fund
A fund created by a closed-ended investment company that offers two classes of stock. Each class offers entitlements to either income or capital appreciation.
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A class of shares offered by a dual purpose fund that has little room for capital appreciation but gives the holder a portion of all income earned in the portfolio.
 See also: Investment, Stock, Share, Income, Fund
  
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