CohenSteers Convertible Inc 2019-4 FC

CLOSED-END FUNDS - TAXABLE
Series 2019-4, ADT 1976
Cohen & Steers Convertible and Income

Closed-End Portfolio
Ticketing Information Investment Objective & Principal Investment Strategy
CUSIP (Cash/Reinvest) 00780C703 / 711 The Cohen & Steers Convertible and Income Closed-End Portfolio is a unit investment trust
Fee-Based CUSIP (Cash/Reinvest) 00780C729 / 737
(UIT). The trust seeks to provide high current income with capital appreciation potential by
Ticker Symbol CONVWX
investing in a portfolio primarily consisting of common stock of closed-end investment companies
Essential Information (known as closed-end funds). The trust seeks to achieve its objective by using a value oriented
Unit price at inception (per unit) $10.000 methodology to select funds that invest significantly in convertible and other income producing
Initial redemption price (per unit) $9.7750 securities. Cohen & Steers Capital Management, Inc. is the portfolio consultant.
Initial date of deposit 12/13/2019
Portfolio ending date 12/9/2021 Factors such as historical returns,
Distribution frequency Monthly, if any
Historical 12-Month Distribution income potential, potential future
Rate of Trust Holdings* 7.97% growth, portfolio diversification and
advisor experience were considered
*The distribution rate paid by the trust may be higher or
lower than the amount shown above due to factors
when selecting closed-end funds.
including, but not limited to, changes in the price of trust Securities for the portfolio are selected
units, changes (including reductions) in distributions paid by from a universe of securities bearing a
issuers, changes in actual trust expenses and sales of
securities in the portfolio. There is no guarantee that the similar investment objective as the
issuers of the securities included in the trust will pay any trust’s. A multi-factor approach based
distributions in the future. The Historical 12-Month on the following factors was used to
Distribution Rate of Trust Holdings is calculated by taking
the weighted average of the regular income distributions select the final securities for the
paid by the securities included in the trust’s portfolio over portfolio:
the 12 months preceding the trust’s date of deposit reduced
to account for the effects of trust fees and expenses. The Premium/Discount
percentage shown is based on a $10 unit price. This Funds selected that are trading at a
historical rate is for illustrative purposes only and is not
valuation discount to either their peers,
indicative of amounts that will actually be distributed by the
trust. sector or historic average. Current
weighted average discount to net asset
Sales Charges (Based on $10 unit price)+ value (NAV) is –3.01%*.
As a % of $10 Amount per
Standard Accounts unit price 100 units
Initial sales fee 0.00% $0.00 *Current weighted average discount to NAV
Deferred sales fee 2.25% $22.50 for the portfolio is the sum of the premium
and/or discount to NAV (as reported by
Creation & Development fee 0.50% $5.00
Bloomberg) for each closed-end fund in the
Maximum sales fee 2.75% $27.50 portfolio multiplied by the weighting for each
As a % of $10 Amount per
closed-end fund in the portfolio as of 12/12/2019 and may vary thereafter.
Fee-Based Accounts unit price 100 units
Maximum sales fee 0.50% $5.00 Dividends
Funds are selected that have a history of consistent and/or competitive relative dividends and
+The initial sales fee is the difference between the total that appear to possess the ability to keep the current dividend level intact.
sales fee (maximum of 2.75% of the unit offering price)
and the sum of the remaining deferred sales fee and the Performance
total creation and development fee. The deferred sales Funds are selected that have a history of performance on either market price or net asset value
fee is fixed at $0.225 per unit and is paid in three monthly
installments beginning March 20, 2020. The creation and that make them relatively attractive when compared to their peers or relevant benchmark.
development fee is fixed at $0.05 per unit and is paid at
the end of the initial offering period (anticipated to be Convertible and Income Securities
approximately three months). When the public offering
price per unit is less than or equal to $10, you will not pay • Convertible security holders receive the advantages of a senior security: the safety of
an initial sales fee. When the public offering price per unit principal in terms of prior claim to assets over equity security holders and relative income
price is greater than $10 per unit, you will pay an initial stability at a known rate, which is usually higher than the current yield of common stocks.
sales fee. The initial and deferred sales fees may not
apply to fee-based accounts. See the prospectus for • Convertibles typically offer downside protection, similar to bonds during bad economic
more details about fee-based account eligibility times, while allowing one to share in the upside potential that the common stock of the
requirements. issuing firm may experience.
• If the common stock of the issuer rises in price, the convertible instrument will usually rise
to reflect the increased value of the underlying common stock.
• Other income producing asset classes can include, but are not limited to: corporate bonds,
preferred securities, and common stock.
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Advisors Asset Management, Inc. (AAM) is a SEC registered investment advisor and member FINRA/SIPC.
Cohen & Steers Convertible and Income Closed-End Portfolio Series 2019-4, ADT 1976
Portfolio Holdings (as of date of deposit) Professional Selection by Cohen & Steers
Market Value Using its Proprietary Approach
Ticker Issue Name Per Share*
The Portfolio Consultant, Cohen & Steers, is one of the only investment firms
AVK Advent Convertible and Income $15.29
that actively manages individual closed-end funds and portfolios of closed-end
NCV AllianzGI Convertible & Income Fund 5.67 funds. Cohen & Steers has been managing individual closed-end funds since
NCZ AllianzGI Convertible & Income Fund II 5.02 1993 and has been investing in portfolios of closed-end funds since 2006. Its
process for selecting securities for this trust is based on quantitative and
NIE AllianzGI Equity & Convertible Income Fund 22.59
qualitative metrics aimed at providing diversification across investment
NFJ AllianzGI NFJ Dividend Interest & Premium Strat Fund 13.00 managers, providing relative value while focusing on generating a high level of
BCV Bancroft Fund Limited 24.75 current income and potential for capital appreciation.
CHY Calamos Convertible and High Income Fund 11.41
CHI Calamos Convertible Opportunities and Income Fund 10.94
CCD Calamos Dynamic Convertible & Income Fund 20.73
ECF Ellsworth Growth and Income Fund Limited 11.34
*As of 12/13/2019 and may vary thereafter.
Unit Investment Trusts (UITs) are sold only by prospectus. You should consider the trust’s investment objectives, risks, charges and expenses carefully
before investing. Contact your financial professional or visit Advisors Asset Management online at www.aamlive.com/uit to obtain a prospectus, which
contains this and other information about the trust. Read it carefully before you invest.
Risks and Considerations: Unit values will fluctuate with the portfolio of underlying securities and may be worth more or less than the original purchase price at the time of redemption.
There is no guarantee that the objective of the portfolio will be achieved. Additionally, the trust may terminate earlier than the specific termination date as stated in the prospectus.
Consult your tax advisor for possible tax consequences associated with this investment. An investment in this unmanaged unit investment trust should be made with an understanding
of the risks associated therewith that includes, but is not limited to:
Closed-End Funds Investment: Risks include higher interest rates, economic recession, deterioration of the bond and equity market, possible downgrades, early call provisions,
changes to the tax status of the bonds and defaults of interest and/or principal. Shares of closed-end funds are also subject to various risks, including management’s ability to meet the
fund’s investment objective, and to manage the fund’s portfolio when securities are redeemed or sold, during periods of market turmoil and as investor perceptions regarding the funds
or their underlying investments change. In addition, closed-end funds frequently trade at a discount to their net asset value in the secondary market.
Common Stocks: An investment in common stocks should be made with an understanding of the various risks of owning common stock, such as an economic recession and the
possible deterioration of either the financial condition of the issuers of the equity securities or the general condition of the stock market.
Convertible Securities: Certain of the closed-end funds held by the trust invest in convertible securities. Convertible securities generally offer lower interest or dividend yields than non
-convertible fixed income securities of similar credit quality because of the potential for capital appreciation. A convertible security’s market value also tends to reflect the market price of
the common stock of the issuing company, particularly when that stock price is greater than the convertible security’s "conversion price." Convertible securities generally fall below debt
obligations of the same issuer in order of preference or priority in the event of a liquidation and are typically unrated or rated lower than such debt obligations. An investment in
convertible securities entails some of the risks associated with both common stocks and bonds
Foreign Securities: Securities of foreign issuers held by the trust present risks beyond those of U.S. issuers. These risks may include market and political factors related to the issuer’s
foreign market, international trade conditions, less regulation, smaller or less liquid markets, increased volatility, differing accounting practices and changes in the value of foreign
currencies.
Interest Rate Risk: Interest rate risk is the risk that the value of bonds held by a closed-end fund will fall if interest rates increase. The securities held by the closed-end funds typically
fall in value when interest rates rise and rise in value when interest rates fall. The securities held by the closed-end funds with longer periods before maturity are often more sensitive to
interest rate changes.
Long-Term Strategy: This UIT matures in two years and, as such, investors should consider their ability to reinvest any proceeds in a subsequent UIT, with a like or differing strategy,
at the applicable sales charge.
This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy or sell securities, and is not provided in a
fiduciary capacity within the meaning of the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code. The information provided
does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should
be made based on an investor’s objectives and circumstances and in consultation with his or her advisers.
Securities are available through your financial professional. Not FDIC Insured. Not Bank Guaranteed. May Lose Value.
For informational purposes only and not a recommendation to purchase or sell any security.
©2019 Advisors Asset Management
Advisors Asset Management, Inc. (AAM) is a SEC registered investment advisor and member FINRA/SIPC.
18925 Base Camp Road | Monument, CO 80132 | www.aamlive.com | CRN: 2018-0306-6476 R Link 5194
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Intelligent Investments. Independent Ideas.

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CLOSED-END FUNDS - TAXABLE

Series 2019-4, ADT 1976

Cohen & Steers Convertible and Income

Intelligent Investments. Independent Ideas.

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