1.Limited Partnership Units
There is often no established market for these securities and in many cases they are subject to legal restrictions on resale. In some cases, the general partner may offer limited redemption privileges. If the partnership is dissolved, the assets and securities remaining after all debts have been paid are distributed among the limited partners.
Some trust units are listed for trading on a stock exchange. For others there may be no established market. Where there is no established market, trust units may be redeemed (generally) at their net asset value.