Unit Trusts

UIT

Prospect Energy and Power Income Portfolio, Series 3



Pricing as of 11/17/2017

Net Asset Value$8.2989
Liquidation Price$8.2989

Product Price History

   

Past performance is no indication of future results. Investment return and principal value will fluctuate with changes in market conditions. Units when redeemed may be worth more or less than their original cost.

This page contains historical pricing or historical distributions information for the unit investment trust listed above. It should not be used for federal or state tax purposes, please contact your financial advisor for tax information.

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. 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 advisors.

Risk Considerations
There is no assurance that a unit investment trust will achieve its investment objective. An investment in this unit investment trust is subject to market risk, which is the possibility that the market values of securities owned by the trust will decline and that the value of trust units may therefore be less than what you paid for them. This trust is unmanaged. You can lose money investing in this trust. This trust terminates approximately two years from the initial date of deposit.

Investing in the trust units may involve a high degree of risk and is highly speculative and aggressive, and therefore an investment in trust units may not be suitable for someone with low risk tolerance.

Common stocks do not assure dividend payments. Dividends are paid only when declared by an issuer’s board of directors and the amount of any issuer’s dividend may vary from time to time.

A portfolio concentrated in a single market sector may present more risk than a portfolio broadly diversified over several sectors.

This trust is concentrated in the energy sector. There are certain risks specific to the energy sector, including the potential adverse effect of state and federal regulation, increasing costs of natural resources, commodity price risk, supply and demand risk, depletion risk and exploration risk.

This trust is concentrated in the utilities sector. Because this trust invests significantly in the utility industry, it may be highly susceptible to any economic, political, or regulatory occurrences affecting this industry.

Stocks of small companies are often more volatile than those of larger companies as a result of several factors such as limited trading volumes, products or financial resources, management inexperience and less publicly available information.

Investing in foreign securities involves certain risks not typically associated with investing solely in the United States. This may magnify volatility due to changes in foreign exchange rates, the political and economic uncertainties in foreign countries, U.S. or foreign tax treatment, and the potential lack of liquidity, government supervision and regulation.

This trust invests in preferred securities. Preferred securities are equity securities of the issuing company which pay income in the form of dividends. Preferred securities do not generally have the growth potential of common stocks. They are also sensitive to interest rate changes and the market price generally falls with rising interest rates. In addition, they are more likely to be called for redemption in a declining interest rate environment. In the event of an issuer’s bankruptcy, preferred securities will not be repaid until the issuer’s other debt securities, which have priority, have been satisfied. Income payments on preferred securities may generally be deferred without default, although such payments will continue to accrue until paid.

This trust and certain funds held by the trust invest in Master Limited Partnerships (“MLPs”). Most MLPs operate in the energy, natural resources, or real estate sectors and are subject to the risks generally applicable to those sectors, including commodity price risk, supply and demand risk, depletion risk and exploration risk. MLPs are also subject to the risk that U.S. taxing authorities could challenge the tax treatment of MLPs for federal income tax purposes, which could have a negative impact on the after-tax income available for distribution by the MLPs.

This trust invests in the real estate market and Energy REITs. REITs may concentrate their investments in specific geographic areas or in specific property types, such as energy infrastructure, and such REITs will be subject to the risks that affect those areas or property types. Additional factors can have an impact on the performance of REITs and real estate companies, including cash available for distribution, the credit quality of a particular REIT, or the real estate industry in general. Risks associated with ownership of real estate include global and local economic conditions, declines in real estate values, changes in interest rates, the strength or weakness of the real estate market, and declines in the value of energy companies and energy assets.

This trust invests in shares of closed-end funds. You will bear not only your share of the trust’s expenses, but also those of the underlying funds. By investing in other funds, the trust incurs greater expenses than you would incur if you invested directly in the funds. Shares of closed-end funds frequently trade at a discount to their net asset value in the secondary market and the net asset value of closed-end fund shares may decrease.

Certain closed-end funds may employ the use of leverage in their portfolios. While leverage often increases the yield of a closed-end fund, it also increases risks, including the likelihood of increased volatility and the possibility that the closed-end fund’s common share income will fall if the dividend rate on the preferred shares or the interest rate on any borrowings rises.

NOT FDIC INSURED - NOT BANK GUARANTEED - MAY LOSE VALUE

Incapital Unit Trust, Series 104, is a unit investment trust that consists of multiple portfolios, including the Prospect Energy and Power Income Portfolio, Series 3. Nuveen Securities, LLC serves as the Trust’s sponsor and Nuveen Fund Advisors, LLC serves as the Trust’s evaluator and supervisor.

The Alerian MLP Index is a gauge of large- and mid-cap energy Master Limited Partnerships (MLPs). It is a float-adjusted, capitalization-weighted index, which includes 50 prominent companies and captures approximately 75% of available market capitalization. The S&P 500® Utilities Index comprises those companies included in the S&P 500® that are classified as members of the GICS® utilities sector. The S&P GSCI Crude Oil Index tracks performance in the crude oil market.

Prospect Capital Management L.P. provides the Trust with portfolio consulting services. Prospect Capital Management L.P. is not affiliated with Nuveen, LLC. The Trust is distributed by Nuveen Securities, LLC, a subsidiary of Nuveen, LLC. All marketing materials have been prepared by Nuveen.


Trust Summary

Trust NameProspect Energy and Power Income Portfolio, Series 3
Series NameSeries 3
Trust SymbolPEP0003
Nasdaq SymbolINPEBX
Trust StatusTerminated
Initial Offer Date11/20/2015
Termination Date11/17/2017
First Income Record Date12/17/2015
Distibution FrequencyMonthly
Tax StructureRIC
Liquidation Price1$8.2989
Cash CUSIP45331R105
Reinvest CUSIP45331R113
Fee Cash CUSIP45331R121
Fee Reinvest CUSIP45331R139

1. Represents the value per unit that a unitholder would receive if the unitholder redeemed or sold units. This price is equal to the net asset value per unit plus any remaining organization costs and creation & development fee. This price reflects any remaining non-contingent deferred sales charges payable in connection with a liquidation of units.

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