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    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.

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