SIE practice questioneasyUITs
At the end of a Unit Investment Trust’s life, the investor typically:
- ATrades units on the stock exchange
- BRolls over assets to a new UIT automatically
- CReceives dividends in perpetuity
- DReceives the proceeds from the trust's portfolio liquidation✓ Correct answer
Explanation
Why D — Receives the proceeds from the trust's portfolio liquidation
When the UIT matures, its portfolio is liquidated and proceeds are distributed to investors. Automatic rollover is not standard, dividends are paid only during the trust’s life, and UITs are not exchange-traded.
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