Property incomes include incomes receivable or payable by institutionalunits in connection with putting the financial assets, land, and other non-financial assets (minerals and other natural resources, patents, licenses, etc) at the disposal of other institutionalunits.
But unlike closed-end funds, if SuperUnits developed a discount to its underlying securities value, then institutional investors could arbitrage the units and profit risk-free.
Deutsche Bank (nyse: DB - news - people ) has scooped up eight people from Morgan Stanley's (nyse: MWD - news - people ) institutional equities business, one of the units embroiled at the center of a senior management upheaval.