Smart Trust, New York Municipal Closed-End Trust registers units

By Toni Weeks

San Diego, March 29 - Smart Trust, New York Municipal Closed-End Income Trust, Series 2 has registered units, according to an S-6 filing with the Securities and Exchange Commission.

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

The trust seeks to provide income that is generally exempt from regular federal and New York income tax, with capital growth as a secondary objective, by investing in a fixed, diversified portfolio of publicly traded common stock of closed-end investment companies whose portfolios consist primarily of municipal bonds.

The units will have a public offering price of $10 and a net asset value of $9.655 each.

The units will have a sales charge of 3.95% of the public offering price, 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 down to 2.45% on a sliding scale depending on the investment amount.

The trust's initial date of deposit will be in April. The mandatory termination date will be April 17, 2014.

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