Smart Trust offers Diversified Income and Growth Trust, Series 2 units

By Tali David

Minneapolis, Jan. 24 - Smart Trust, Diversified Income and Growth Trust, Series 2 has registered units, according to an S-6 amendment filed with the Securities and Exchange Commission.

The depositor is Parsippany, N.J.-based Hennion & Walsh, Inc.

The trust seeks to provide investors with the possibility of capital appreciation and current dividend income through investment in an unmanaged, diversified portfolio of common stock of closed-end investment companies.

On the initial date of deposit, Jan. 24, the total value of securities in the trust is $149,972. The 15,149 units have a public offering price of $10 each and a net asset value of $9.561 each.

The minimum purchase is generally 100 units for individual purchasers and for purchases by certain custodial accounts or individual retirement accounts, self-employed retirement plans, pension funds and other tax-deferred retirement plans.

The units have a maximum sales charge of 3.95%, consisting of a 1% initial sales charge, a 2.45% deferred sales charge and a 0.5% creation and development fee. The sales charge may be reduced to 2.45% on a sliding scale depending on the investment amount.

The trust will terminate on Jan. 28, 2014.

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