American Dual Vest Fund
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Product Details
CompanyAmerican Dual Vest Fund
Certificate Type
Capital/Preferred Stock
Date Issued
November 6, 1969 (red)
March 24, 1969 (brown)
Canceled
Yes
Printer
Security-Columbian Bank Note Company
Signatures
Machine printed
Approximate Size
12" (w) x 8" (h)
Images
Show the exact certificate you will receive
Guaranteed Authentic
Yes
Additional Details
NA
Historical Context
The American Dual Vest Fund was incorporated in Delaware in 1966 and was managed by Haywood Management.
The name was changed to ADV Fund Inc. on July 2, 1979.
Dual purpose funds were introduced in the 1960s and gained popularity in the 1970s with fund offerings from some of the industry’s top money managers. Popular versions of these funds included the American Dual Vest Fund managed by Haywood Management, the Gemini Fund managed by Wellington Management, Income & Capital Shares Inc. managed by John P. Chase Inc., the Leverage Fund of Boston managed by Vance, Sanders & Co., and the Scudder Duo Vest fund managed by Scudder, Stevens & Clark. Many dual purpose funds closed in the 1980s after new tax rules from the Internal Revenue Service changed the tax obligations for the funds. By the 1990s most dual purpose funds were completely phased out.
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Additional Information
Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. All items offered are collectible in nature only. So, you can frame them, but you can't cash them in!
All of our pieces are original - we do not sell reproductions. If you ever find out that one of our pieces is not authentic, you may return it for a full refund of the purchase price and any associated shipping charges.