The portfolio seeks total return, consisting of high current income and potential capital appreciation. The portfolio seeks to achieve its objective by investing in a portfolio consisting of common stock of closed-end investment companies (known as "closed-end funds"). Cohen & Steers Capital Management, Inc. uses a value oriented methodology to select funds that invest significantly in equity or income-producing securities. These closed-end funds will primarily focus on covered call option strategies or other income-oriented investment strategies.
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Fact Card
Prospectus
Supplement
| Offer Price: |
$10.60100 |
| WRAP Price: |
$10.39320 |
| Bid Price: |
$10.47280 |
| Liquidation Price: |
$10.34130 |
| Deposit Date |
Jan 03, 2013 |
| Scheduled Primary Offering Period |
Jan 03, 2013 - Apr 01, 2013 |
| Symbol |
CSCC0131 |
| NASDAQ Symbol |
ICCIPX |
| Term of Trust |
15 months |
| Termination Date |
Apr 02, 2014 |
| Tax Status |
Regulated Investment Company
|
Public Offering Price
(End of deposit date) |
$10.00000 |
| Maximum Sales Charge |
2.95% |
| Sales Charge Schedule |
View Regular
|
| Sales Charge Volume Discount |
View Regular
|
| Est. Net Annual Income1 |
$0.940890 |
| Initial Payable Date2 |
May 25, 2013 |
| Initial Record Date2 |
May 10, 2013 |
| Re-Investment Options |
Reinvest, Cash, Wrap Reinvest, Wrap Cash |
| Estimated Frequency of Offering |
3 months |
| CUSIPs |
Regular CUSIP |
Wrap Fee |
| Cash CUSIP |
46132Q700 |
46132Q726 |
| Re-invest CUSIP |
46132Q718 |
46132Q734 |
Investors in fee-based accounts will not be assessed the initial or deferred sales charges for
eligible fee-based purchases and must purchase units with a Wrap Fee CUSIP.
There is no assurance the 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 and its portfolio is not intended to change during the trust's life except in limited circumstances. Accordingly, you can lose money investing in this trust.
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 of the 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.
The yield on closed-end funds which invest in bonds will generally decline in a falling interest rate environment and increase in a rising interest rate environment.
A security issuer may be unwilling or unable to declare dividends in the future, or may reduce the level of dividends declared.
The trust is concentrated in funds that write call options on their assets. The use of options may require an underlying fund to sell portfolio securities at inopportune times or at prices other than current market values, may limit the amount of appreciation a fund can realize on an investment, or may cause a fund to hold a security it might otherwise sell. To the extent the underlying fund purchases options pursuant to a hedging strategy, the fund could lose its entire investment in the option.
Certain of the closed-end funds invest in bonds issued by foreign issuers. Such bonds are subject to certain risks including currency and interest rate fluctuations, nationalization or other adverse political or economic developments, lack of liquidity of certain foreign markets, withholding, the lack of adequate financial information, and exchange control restrictions impacting foreign issuers.
Opinions and forecasts expressed by Cohen & Steers Capital Management Inc. are not necessarily those of Invesco, and may not actually come to pass. Cohen & Steers is the property of Cohen & Steers Capital Management Inc., which is not affiliated with Invesco. Cohen & Steers Capital Management Inc., is being paid a license fee for the use of certain service marks and is also being compensated for portfolio consultant services, including selection of stocks for the trust.
