European Stars And Stripes (Newspaper) - May 29, 1988, Darmstadt, Hesse Page 20 the stars and stripes sunday May 29,1988 investor s guide by Bill Doyle q. Tie inn 1hil i to Matt for the municipal a no Pelt in which i jute invested sent i letter m fill Educ income Preheim it my Bugli Ullh Legal Quiron Itle. Yaj a jilt nulls offered Urt repurchased id the secon Dary Market ill be Price based on the bid Side value of he under lying Securi ties Doyley unit pro Slor offerings and the secondary Market were by Mai on the offer Side value of the underlying securities can Yon translate hit a. Let s Mart to explaining to Al readers that the investment Trust in which you own units holds a diversified list of municipal Bondas ils investment portfolio. Those Bonds ire the underly ing securities mentioned in the Bank s letter. Your units represent indirect ownership of Itose Securi ties. It to think of units As "shares."1 a unit incs i what similar to a while most Mutu Tusly offer m unit investment Viand a Ydilio Alicr the Pinili of units by the o brokerage brokerage firms arc added. It Trust is some Ului fund. But l funds Contin shares Tor Sale in do not Issue units. Public offering St s sponsor or group of no new units if you want cast for your units you have two Choi you can ride Chi them by urn in them in to the trustee Bank. The Price you Ges will be deter mined by the limit values of the municipal bunds flip Trust calculation is hone by adding up the total value Kcf those Bonds and dividing by tie number of units outstanding owned by investors. Or you can sell Najr units in the marketplace known As the secon Dary Market because itch initial of Fering is the . The brokerage irm sponsor maintains a Marker by buying and Selling units. In the Over Lac sound or mar Ket where municipal Bonds Are traded prices arc quilted As bid and asked the Lan a also the bid is the Prisc a Market making dealer will Par Tor a Bond. The higher asked Orff tar it the Price at which the do Ler will sell the Bond. The trustee Bank is Felling you if you sell your units ton or after the Date in the notice the Price you get will be based of the lower bid flotations for the Bonds inc Trust holds. If you had sold previously you would have received a Price base Don the higher asked quotation. Yes this is a far Fri Juii simple thing. The Bank should have but some Lime and Effort into or the fed face san especially delicate Mission Over the next Lew months. At the same Lime analysts say fed Point increase in the discount rate Onset. 4 last year May have played part in the Stock Market All these concerns stocks struggled to break a three week losing Streak in inc past week. The Dow Jones average of 30 industrials Rose 3.85 to 1,956744.the new York Stock Exchange composite Index gained .36 to 141.66 then Aswaq composite Index for the Over the counter Market added .63 to 366.66,and the american Slock Exchange mar Ket value Index dropped 1.34 to 29q.so. I the big Board i Ink due Ortw it j4.tf Tai null 19.0 Lon uti i to Fiji 1,0 ass Eup Conr Mil hit so 14 Al 100 k h to by ibo lilt i.400 49 t Kijoo ii of 45 in an Kijoo n Iso 11 Vrismo n 5h 43 h to sit us to Iii get a siklirjdlmowhwullm1 Jno Tiv Iusi i a Iwuc Hufh in Ducth 149. 91 Mufti my wig Knob w 9 leu in if h Komi no 336. Al 13-33 wl-9 id in Mamta i9. 1 it in Mriln uvt91h 1w1 of a i be it Lori he 193. 0 1 until him Thasco in 0 lit my Undi dining Koil in m ii und he Finhill pit 165 do to it 4 14 00 it up optimists on Lite Market Outlook argue that the fed s Challenge will diminish Asit becomes apparent that inflation Wor Ries arc excessive. Clow Jones kewtobk1upii . Hwi la of own 197dm 1m4js 9mju -1031 bioj3 Ihu hmm � 1sutmh� 171.19 1�97 170.17 0.� a Aldol 7v4i 7�77 719 1 7b am Hrew u am , u Artini a Lmh a amm Rist Asa at to Courtny of Merrill Lynch a f Ink Furt clot Long Price chm i crawl Mph �3 us corp Jit a Corral Conni Mckion Civ Oil "-3& 1.n no air a com w depot fund prices1 j i i 115 enl Kochi �0 s 1 tort Iio 111 is i
