Smart Trust registers Tax-Advantaged Growth & Income Trust units

By Toni Weeks

San Diego, March 23 - Smart Trust, Tax-Advantaged Growth & Income Trust, Series 3 has registered units, according to an S-6 filed with the Securities and Exchange Commission.

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

The trust will seek a high level of total after-tax return, with an emphasis on income exempt from regular federal income tax or qualifying for federal income taxation at long-term capital gains rates, and will also offer the potential for capital appreciation. The trust will pursue its objective by investing in a diversified portfolio of publicly traded common stock of companies and closed-end investment companies.

The $10 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 to 2.45% on a sliding scale depending on the investment amount.

The initial date of deposit is planned for April, and the mandatory termination date will be April 15, 2014.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.