MuniFund Term Preferred Shares (MTP)
An attractive income opportunity to access the short- or intermediate-term
municipal market
MuniFund Term Preferred Shares (MTP) provide the potential for attractive fixed
monthly income exempt from federal income taxes.* Investors who might find MTP shares
attractive include individuals that can accept the potential for volatility and
lack of liquidity. With daily, exchange-listed convenience and mandatory redemptions
at maturity, MTP shares can serve the capital preservation objectives of investors
seeking municipal market exposure over the short or intermediate term.
*Income may be subject, in part, to the federal Alternative Minimum Tax (AMT) and
state and local income taxes. The rights of holders of MTP shares, which are equity
securities, may differ from those of holders of bonds, which are debt securities.