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New York Municipal Income Select Closed-End, 19  Ticker: FCMNLX
The New York Municipal Income Select Closed-End Portfolio is a unit investment trust that seeks monthly income that is exempt from federal, state, and local income taxes by investing in a well-diversified pool of closed-end funds that invest primarily in New York municipal bonds. A portion of the income, however, may be subject to the alternative minimum tax.
Product Code: NY2Y19
Portfolio Status: Secondary
Initial Offer Date: 03/04/2013
Secondary Date: 04/03/2013
Portfolio Ending Date: 03/04/2015
Tax Structure: Regulated Investment Company
Distributions: Monthly
Initial Offer Price: $10.0000
NAV(*): $8.4518
POP(*): Not Avail
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 03/03/2015 4:00pm ET
The Public Offering Price (POP) represents the net asset value per unit plus any applicable organization costs and sales charges. The Net Asset Value (NAV) represents the value per unit of a trust’s portfolio securities and other assets reduced by applicable deferred sales charges and other liabilities.

 Estimated Net Annual Distribution Per Unit
Estimated Net Annual Distribution Per Unit * $0.3624
As of 03/02/2015
* The estimates are based on annualizing the most recent dividends declared by the issuers of the securities included in the portfolio. There is no guarantee that the issuers of the securities included in the portfolio will declare distributions in the future or that, if declared, they will either remain at current levels or increase over time.

 Holdings  Export Current Holdings | View Initial Holdings  
 Eaton Vance New York Municipal Bond Fund ENX 7.87%
 Invesco Trust for Investment Grade New York Municipals VTN 7.44%
 Nuveen New York Performance Plus Municipal Fund, Inc. NNP 7.03%
 PIMCO New York Municipal Income Fund PNF 6.25%
 BlackRock MuniHoldings New York Quality Fund, Inc. MHN 6.16%
 BlackRock MuniYield New York Quality Fund, Inc. MYN 6.14%
 Alliance New York Municipal Income Fund, Inc. AYN 5.94%
 Nuveen New York Dividend Advantage Municipal Fund NAN 5.32%
 BlackRock New York Municipal Income Trust BNY 4.99%
 Nuveen New York Municipal Value Fund, Inc. NNY 4.97%
 BlackRock New York Municipal Income Quality Trust BSE 4.32%
 Nuveen New York Dividend Advantage Municipal Fund 2 NXK 3.77%
 Eaton Vance New York Municipal Income Trust EVY 3.68%
 Neuberger Berman New York Intermediate Municipal Fund Inc. NBO 3.46%
 Nuveen New York Select Tax-Free Income Portfolio NXN 3.25%
 Nuveen New York AMT-Free Municipal Income Fund NRK 3.22%
 Nuveen New York Municipal Value Fund 2 NYV 3.19%
 BlackRock New York Municipal Income Trust II BFY 2.96%
 BlackRock Muni New York Intermediate Duration Fund, Inc. MNE 2.85%
 BlackRock New York Municipal 2018 Term Trust BLH 2.10%
 BlackRock New York Municipal Bond Trust BQH 1.89%
 Eaton Vance Insured New York Municipal Bond Fund II NYH 1.48%
Total Number of Holdings:    22
Underlying Securities information represented above is as of 02/25/2015 but will vary with future fluctuations in the market.

Closed-end funds are subject to various risks, including management's ability to meet the fund's investment objective, and to manage the fund's portfolio when the underlying securities are redeemed or sold, during periods of market turmoil and as investors' perceptions regarding the funds or their underlying investments change. Unlike open-end funds, which trade at prices based on a current determination of the fund's net asset value, closed-end funds frequently trade at a discount to their net asset value in the secondary market. Certain closed-end funds may employ the use of leverage which increases the volatility of such funds.

An investment in securities of foreign issuers should be made with an understanding of the additional risks involved, such as currency fluctuations, political risk, withholding, the lack of adequate financial information, and exchange control restrictions impacting foreign issuers.

Investing in high-yield securities or "junk" bonds should be viewed as speculative and you should review your ability to assume the risks associated with investments which utilize such securities. High-yield securities are subject to numerous risks, including higher interest rates, economic recession, deterioration of the junk bond market, possible downgrades and defaults of interest and/or principal. High-yield security prices tend to fluctuate more than higher rated securities and are affected by short-term credit developments to a greater degree.

The value of the securities held by the trust may be subject to steep declines or increased volatility due to changes in performance or perception of the issuers.The markets for credit instruments, including municipal securities, have experienced periods of extreme illiquidity and volatility.

You should carefully consider the trust's investment objectives, risks, and charges and expenses before investing. Contact your financial advisor or call First Trust Portfolios, L.P. at 1.800.621.1675 to request a prospectus, which contains this and other information about the trust. Read it carefully before you invest.

This product information does not constitute an offer to sell, or a solicitation of an offer to buy securities in any state to any person to whom it is not lawful to make such an offer. Sales of any of these securities must include prospectus delivery and the services of a retail broker/dealer duly licensed in the appropriate states.

Not FDIC Insured, Not Bank Guaranteed and May Lose Value.

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