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Municipal Income Select, Closed-End, 127 (Terminated)   Ticker: FBSYOX

 From Date: 
To Date: 

* 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 Annual
11/10/21 11/25/21 11/23/21 $9.61220 N/A --- $0.04510 --- --- ---
12/10/21 12/25/21 12/22/21 $9.71020 N/A --- $0.03420 --- --- ---
01/10/22 01/25/22 N/A N/A N/A $0.00150 $0.03400 --- --- ---
02/10/22 02/25/22 N/A N/A N/A --- $0.03400 --- --- ---
03/10/22 03/25/22 N/A N/A N/A --- $0.03400 --- --- ---
04/10/22 04/25/22 N/A N/A N/A --- $0.03190 --- --- ---
05/10/22 05/25/22 N/A N/A N/A --- $0.03190 --- --- ---
06/10/22 06/25/22 N/A N/A N/A --- $0.03190 --- --- ---
07/10/22 07/25/22 N/A N/A N/A --- $0.03110 --- --- ---
08/10/22 08/25/22 N/A N/A N/A --- $0.03110 --- --- ---
09/10/22 09/25/22 N/A N/A N/A --- $0.03110 --- --- ---
10/10/22 10/25/22 N/A N/A N/A --- $0.03090 --- --- ---
11/10/22 11/25/22 N/A N/A N/A --- $0.03090 --- --- ---
12/10/22 12/25/22 N/A N/A N/A --- $0.03090 --- --- ---
01/10/23 01/25/23 N/A N/A N/A $0.00020 $0.02600 --- --- ---
02/10/23 02/25/23 N/A N/A N/A --- $0.02580 --- --- ---
03/10/23 03/25/23 N/A N/A N/A --- $0.02580 --- --- ---
04/10/23 04/25/23 N/A N/A N/A --- $0.02390 --- --- ---
05/10/23 05/25/23 N/A N/A N/A --- $0.02390 --- --- ---
06/10/23 06/25/23 N/A N/A N/A --- $0.02390 --- --- ---
07/10/23 07/25/23 N/A N/A N/A --- $0.02310 --- --- ---
08/10/23 08/25/23 N/A N/A N/A --- $0.02310 --- --- ---
10/02/23 10/04/23 N/A N/A N/A $6.07020 --- --- --- ---
      2021 --- $0.07930 --- --- ---
      2022 $0.00150 $0.38370 --- --- ---
      2023 $6.07040 $0.19550 --- --- ---
        $6.07190 $0.65850 --- --- ---

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.

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.

Investment Grade Bonds Risk. Investment grade securities are subject to numerous risks including higher interest rates, economic recession, deterioration of the investment grade security market or investors' perception thereof, possible downgrades and defaults of interest and/or principal.

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.

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.

Fund Cusip Information
30322G367 (Cash)
30322G375 (Reinvest)
30322G383 (Cash-Fee)
30322G391 (Reinvest-Fee)
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The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
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