Shares and units
The issuance of shares or units to investors can used to raise capital for the SPV in exchange for providing the company equity.
In such a case, the investors usually receive preference shares issued by the SPV and each category of share gives the right to an income directly or indirectly linked with an asset, a risk, or a future cash flow generated by the SPV.
Each SPV may issue several categories of shares, with or without voting rights.
The shares may be tracking a specific asset or a future proceed.
Such shares or units may receive an ISIN number and be accepted in the clearing system.