Dividend & Income Select Closed-End, 74 (Terminated)   Ticker: FRPNOX
 
* 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.
Record
Date *
Distribution
Date
Reinvest
Date
Reinvest
Price **
Reinvest
Interest
Principal
Distributions
(per unit)
Income Distributions (per unit)
Monthly Quarterly Semi-Annual Annual
04/10/19 04/25/19 04/23/19 $9.83310 N/A --- $0.03120 --- --- ---
05/10/19 05/25/19 05/23/19 $9.58800 N/A --- $0.06960 --- --- ---
06/10/19 06/25/19 06/21/19 $9.83820 N/A --- $0.06960 --- --- ---
07/10/19 07/25/19 07/23/19 $10.01430 N/A --- $0.06990 --- --- ---
08/10/19 08/25/19 08/22/19 $9.75410 N/A $0.00090 $0.06990 --- --- ---
09/10/19 09/25/19 09/23/19 $9.94820 N/A --- $0.06990 --- --- ---
10/10/19 10/25/19 10/23/19 $9.86280 N/A --- $0.06800 --- --- ---
11/10/19 11/25/19 11/21/19 $9.92920 N/A --- $0.06800 --- --- ---
12/10/19 12/25/19 12/23/19 $10.06110 N/A $0.19350 $0.06800 --- --- ---
01/10/20 01/25/20 01/23/20 $10.24670 N/A --- $0.06600 --- --- ---
02/10/20 02/25/20 02/21/20 $10.22050 N/A $0.00380 $0.06600 --- --- ---
03/10/20 03/25/20 03/23/20 $5.42350 N/A --- $0.06600 --- --- ---
04/10/20 04/25/20 04/23/20 $7.41710 N/A --- $0.06510 --- --- ---
05/10/20 05/25/20 05/21/20 $7.71730 N/A --- $0.06510 --- --- ---
06/10/20 06/25/20 06/23/20 $8.21680 N/A --- $0.06510 --- --- ---
07/10/20 07/25/20 07/23/20 $8.32530 N/A --- $0.05900 --- --- ---
08/10/20 08/25/20 08/21/20 $8.51090 N/A --- $0.05900 --- --- ---
09/10/20 09/25/20 09/23/20 $8.04610 N/A --- $0.05900 --- --- ---
10/10/20 10/25/20 10/22/20 $8.36700 N/A --- $0.06050 --- --- ---
11/10/20 11/25/20 11/23/20 $8.96460 N/A --- $0.06050 --- --- ---
12/10/20 12/25/20 12/23/20 $9.36120 N/A --- $0.06050 --- --- ---
01/10/21 01/25/21 01/21/21 $9.74380 N/A --- $0.06680 --- --- ---
02/10/21 02/25/21 02/23/21 $9.86920 N/A --- $0.06080 --- --- ---
03/26/21 03/30/21 N/A N/A N/A $9.94910 --- --- --- ---
      Sub-Totals:          
      2019 $0.19440 $0.58410 --- --- ---
      2020 $0.00380 $0.75180 --- --- ---
      2021 $9.94910 $0.12760 --- --- ---
      Totals:          
        $10.14730 $1.46350 --- --- ---

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

Equity Risk. An investment in a portfolio containing common stocks is subject to certain risks, such as an economic recession and the possible deterioration of either the financial condition of the issuers of the equity securities or the general condition of the stock market.

Buy & Hold Risk – Taxable Trusts. This UIT is a buy and hold strategy and investors should consider their ability to hold the trust until maturity. There may be tax consequences unless units are purchased in an IRA or other qualified plan.

Closed-End Fund Risk. 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 employ the use of leverage, which increases the volatility of such funds.

COVID-19 Economic Impact Risk. The ongoing effects of the COVID-19 global pandemic, or the potential impacts of any future public health crisis, may cause significant volatility and uncertainty in global financial markets. While vaccines have been developed, there is no guarantee that vaccines will be effective against future variants of the disease.

Emerging Markets Risk. Risks associated with investing in non-U.S. securities may be more pronounced in emerging and developing markets where the securities markets are substantially smaller, less developed, less liquid, less regulated, and more volatile than the U.S. and developed non-U.S. markets.

Foreign Securities Risk. Securities of non-U.S. issuers are subject to additional risks, including currency fluctuations, political risks, withholding, the lack of adequate financial information, and exchange control restrictions impacting non-U.S. issuers.

MLP Risk. Investments in Master Limited Partnerships (MLPs) are subject to the risks generally applicable to companies in the energy and natural resources sectors, including commodity pricing risk, supply and demand risk, depletion risk and exploration risk. There are certain tax risks associated with MLPs, including the risk that U.S. taxing authorities could challenge the trust's treatment of the MLPs for federal income tax purposes. These tax risks could have a negative impact on the after-tax income available for distribution by the MLPs and/or the value of the trust's investments.

Options Risk. Options are subject to various risks including that their value may be adversely affected if the market for the option becomes less liquid or smaller. In addition, options will be affected by changes in the value and dividend rates of the stock subject to the option, an increase in interest rates, a change in the actual and perceived volatility of the stock market and the common stock and the remaining time to expiration.

REITs Risk. An investment in a portfolio containing REIT securities is subject to additional risks including limited diversification. Companies involved in the real estate industry are subject to changes in the real estate market, vacancy rates and competition, volatile interest rates and economic recession.

Small-Cap and Mid-Cap Risk. An investment in a portfolio containing small-cap and mid-cap companies is subject to additional risks, as the share prices of small-cap companies and certain mid-cap companies are often more volatile than those of larger companies due to several factors, including limited trading volumes, products, financial resources, management inexperience and less publicly available information.

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.

Additional Risk. For a discussion of additional risks of investing in the trust see the "Risk Factors" section of the prospectus.

Important Note. It is important to note that an investment can be made in the underlying funds directly rather than through the trust. These direct investments can be made without paying the trust's sales charge, operating expenses and organizational costs.

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.

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by FactSet Research Systems Inc. and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, ©2024 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.