January 10, 1991
TO: UNIT INVESTMENT TRUST COMMITTEE NO. 2-91
RE: USE OF LONG TERM PERFORMANCE FIGURES ON SECONDARY TRUSTS
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As you know, all members of the Unit Investment Trust
Committee’s Subcommittee on Yield intend to begin quoting a long-
term performance number on all secondary trusts by February 1,
1991. As soon as practicable thereafter, the long-term measure
will be included on confirmations. (See Memorandum to Unit
Investment Trust Committee No. 51-90, dated November 20, 1990.)
The Institute has informed the SEC staff of those sponsors’
intentions. (As noted in the previous memorandum, this decision
is, obviously, not binding on any other member of the Committee.)
In an effort to answer any questions Committee members may
have or provide any assistance, Bob Holley, Chairman of the
Committee, is setting up a conference call for interested
members. The call will take place Thursday, January 17 at 3:00
p.m. (New York time). If you would like to participate, please
call Bob’s assistant, Sharon Baron at 201-902-6801 by the close
of business on Wednesday, January 16.
Craig S. Tyle
Associate General Counsel