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Defined Portfolio, also called a Unit Investment Trust, is a portfolio of
securities that remains fixed, except under certain circumstances, for the life
of the trust. Shares of this portfolio are offered to individual investors and
called "units."
At Nuveen, we still believe that defined portfolios remain a proven and trusted
vehicle for financial advisors and their clients. However, the demand for
Nuveen defined portfolios was not great enough for us to sustain the ongoing
investment in infrastructure and resources necessary to continuously offer a
full array of products.
Despite the decision to no longer offer defined portfolios, we remain committed
to support and service the thousands of existing trusts currently carrying the
Nuveen name. Specifically, this support includes research surveillance,
customer service from Nuveen and our trustees, web site information and the
daily pricing of the various trusts.
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