She said she expected it would transfer its assets into a real-estate investment trust, giving them a higher valuation, so she recommended its shares before other investors saw the shift coming.

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The discount is the gap between the net aggregate value of investments and the lower valuation placed on the investment trust itself.

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The valuation is made when you set up the trust, and it is done by subtracting from the assets transferred the value of your annuity.

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