Exchange traded funds and mutual funds providing cash flow distributions

US7983981B1 · kind B1 · utility

Assignee

• M7Ventures, LLC · US

Inventors

• Daniel Joseph McCabe · Upper Saddle River, US
• John Stuart Thomas · Morristown, US
• Mark Steven Criscitello · Colts Neck Township, US
• Paul Edward Kuhnle · Doylestown, US
• George Tedesche Simon · Robinson Township, US

Key dates

• Filing date: Dec 17, 2008
• Grant date: Jul 19, 2011
• Expiry date: Dec 17, 2028

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/04
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A collective investment vehicle that provides cash distributions. The distributions provide a cash flow to holders of the collective investment vehicle securities, and also allow the value of the collective investment vehicle securities to be reset to a target level. The distributions may be scheduled to occur periodically, or may be based on the occurrence of specific events including company events, economic events, political events, etc. In some embodiments, the funds required for cash distributions are obtained without incurring any capital gains, and the distributions may be treated as a return of capital.