Commonly referred to as a UIT, this is a type of investment company. A UIT typically issues redeemable securities which means that the UIT will buy back an investor’s units at the investor’s request and at their approximately net asset value. A UIT typically will make a one-time public offering of only a specific, fixed number of units. A UIT will have a termination date (a date when the UIT will terminate and dissolve) that is established when the UIT is created. UIT does not actively trade its investment portfolio. Strategies are long-term; therefore, investors should consider their ability to pursue investing in successive trusts and the tax consequences.
Hours of Operation
Monday - Friday; 8:00 am to 4:30 pm and by appointment.
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