Smart Trust offers units of its Dynamic Sector Income Trust, Series 2

By Tali David

Minneapolis, Feb. 16 - Smart Trust, Dynamic Sector Income Trust, Series 2 is offering 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 current dividend income, with capital appreciation as a secondary objective, through investment in an unmanaged, diversified portfolio of publicly traded common stock of companies and of closed-end investment companies

On the initial date of deposit, Feb. 16, the total value of securities in the trust is $149,995. The 15,151 units have a public offering price of $10 each and a net asset value of $956.14 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 will have a sales charge of 3.95% of the public offering price, consisting 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 Feb. 25, 2014.

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