Public investment trust
A trust that is, at a given time, a public trust of which all or substantially all of the FMV of the property it holds at that time is related to the following property:
- units of public trusts;
- interests in public partnerships;
- shares of the capital stock of public corporations;
- any combination of the above-mentioned property.
A public trust is a mutual fund trust of which the units are listed on a designated stock exchange in Canada.