August 25, 1989
TO: UNIT INVESTMENT TRUST COMMITTEE NO. 55-89
RE: MEETING ON YIELD FORMULA
__________________________________________________________
As we previously informed you, the staff of the SEC has
requested that the industry submit a formula for a long-term
yield number no later than December 7, 1989. (See Memorandum to
Unit Investment Committee No. 52-89, dated August 15, 1989)
A meeting to consider a proposal for such a formula has
been scheduled for Thursday, September 7. The meeting will take
place at the offices of John Nuveen & Co., 333 W. Wacker Drive,
Chicago (34th Floor) and will begin at 10:00 a.m. Lunch will be
served after the meeting.
Attached is a memorandum from Cadmus Hicks setting forth
alternative yield calculations on different portfolios and
various issues that need to be addressed. Please review it
before the meeting.
If you will be attending the meeting, please call Marie
Stanley at 202/955-3524.
Craig S. Tyle
Assistant General Counsel
Attachment