Tax Exempt Municipal Income, Intermediate, 39  Ticker: FRVGLX
* All distributions are considered estimated until Record Date.
** Reinvestment price reflects the price at which distributions were reinvested and applies only to units purchased through the reinvestment CUSIP.
Date *
Price **
(per unit)
Income Distributions (per unit)
Monthly Quarterly Semi-Annual
04/10/19 04/25/19 N/A N/A N/A --- $3.84000 --- ---
05/10/19 05/25/19 N/A N/A N/A --- $3.51000 --- ---
06/10/19 06/25/19 N/A N/A N/A --- $3.52000 --- ---
07/10/19 07/25/19 N/A N/A N/A --- $3.50000 --- ---
08/10/19 08/25/19 N/A N/A N/A --- $3.50000 --- ---
09/10/19 09/25/19 N/A N/A N/A --- $3.50000 --- ---
10/10/19 10/25/19 N/A N/A N/A --- $3.50000 --- ---
11/10/19 11/25/19 N/A N/A N/A --- $3.50000 --- ---
12/10/19 12/25/19 N/A N/A N/A --- $3.51000 --- ---
01/10/20 01/25/20 N/A N/A N/A --- $3.51000 --- ---
      2019 --- $31.88000 --- ---
      2020 --- $3.51000 --- ---
        --- $35.39000 --- ---

Final determination of the source and tax status of all distributions paid in the current year are to be made after year-end and distributed to your financial reporting institution, via the Trustee, during the 1st calendar quarter annually.

Risk Considerations

Buy & Hold Risk – Tax-Free Trusts. This UIT is a buy and hold strategy and investors should consider their ability to hold the trust until maturity.

Insurance Risks. Certain of the securities in the trust are covered by insurance policies obtained by the issuers or underwriters of the bonds from insurance companies. There can be no assurance that any insurer will be able to satisfy its commitments in the event claims are made in the future.

Municipal Bonds Risk. Municipal bonds are subject to numerous risks, including higher interest rates, economic recession, deterioration of the municipal bond market, possible downgrades and defaults of interest and/or principal.

Municipal Securities Volatility Risk. 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.

Operational Risk. As the use of Internet technology has become more prevalent in the course of business, the trust has become more susceptible to potential operational risks through breaches in cybersecurity.

Income distributions per unit will vary with changes in interest received on the underlying bonds and with changes in the trust's fees and expenses. Generally, as bonds in the portfolio mature or are redeemed by the issuer, income distributions per unit will decrease. Principal distributions per unit will be made only when the trust receives principal cash, generally from bonds maturing or proceeds from bond calls, and therefore will vary. With the exception of zero coupon bonds, bonds are generally callable at par value, or possibly, at a premium over par. Zero coupon bonds are generally callable at their accreted value on the call date or, possibly, at a premium over such accreted value. Both income and principal distributions may be affected by the sale of bonds in the portfolio. Refer to the prospectus for a further discussion of the factors which could affect income and principal distributions.

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.