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If you are an investor, you may be familiar with the term Unit Investment Trust (UIT). This is one of the three basic types of investment companies, the other two being closed-end funds and mutual funds.
Traditional characteristics of UITs include:
You can learn more about UITs on this page of the U.S. Securities and Exchange Commission website.
Remember, the information on this page is only intended for general informational purposes, not investment advice. To speak with an experienced lawyer about a UIT or any investment-related matter, contact Russell L. Forkey online or by telephone at 561-406-4644.