CLOSED-END FUNDS - TAXABLE

Series 2019-4, ADT 1969

Cohen & Steers Global Covered Call & Income

Strategies Closed-End Portfolio

Ticketing Information Investment Objective & Principal Investment Strategy

CUSIP (Cash/Reinvest) 00780B689 / 697 The Cohen & Steers Global Covered Call & Income Strategies Closed-End Portfolio, is a unit
Fee-Based CUSIP (Cash/Reinvest) 00780B705 / 713 investment trust (UIT). The trust seeks to provide high current income, with capital
Ticker Symbol GCVBVX appreciation as a secondary objective. The trust seeks to achieve its objectives by investing
in a portfolio primarily consisting of common stock of closed-end funds that invest in
securities of U.S. and non-U.S. issuers with a focus on covered call option strategies or other
Essential Information income-oriented investment strategies. Cohen & Steers Capital Management, Inc. is the
Unit price at inception (per unit) $10.0000 portfolio consultant.
Initial redemption price (per unit) $9.7750
Initial date of deposit 11/7/2019 Factors such as historical returns,
Portfolio ending date 11/8/2021 income potential, potential future
Distribution frequency Monthly, if any growth, portfolio diversification and
Historical 12-Month Distribution advisor experience were considered
Rate of Trust Holdings* 8.00%
when selecting closed-end funds. A
multi-factor approach based on the
*The distribution rate paid by the trust may be higher or
lower than the amount shown above due to factors following factors was used to select the
including, but not limited to, changes in the price of trust securities for the portfolio.
units, changes (including reductions) in distributions paid
by issuers, changes in actual trust expenses and sales of Premium/Discount
securities in the portfolio. There is no guarantee that the
issuers of the securities included in the trust will pay any Funds are favored that are trading at a
distributions in the future. The Historical 12-Month valuation discount to their peers, sector
Distribution Rate of Trust Holdings is calculated by taking or historical average. Current weighted
the weighted average of the regular income distributions average discount to net asset value
paid by the securities included in the trust’s portfolio over (NAV) is –8.21%*.
the 12 months preceding the trust’s date of deposit
reduced to account for the effects of trust fees and *Current weighted average discount to NAV for
expenses. The percentage shown is based on a $10 unit the portfolio is the sum of the premium and/or
price. This historical rate is for illustrative purposes only discount to NAV (as reported by Bloomberg) for
and is not indicative of amounts that will actually be each closed-end fund in the portfolio multiplied by
distributed by the trust. the weighting for each closed-end fund in the
portfolio as of 11/6/2019 and may vary
thereafter.
Sales Charges (Based on $10 unit price)++
Standard Accounts As a % of $10
unit price
Amount per
100 units
Dividends
Funds are favored that have a history of
Initial sales fee 0.00% $0.00
consistent and/or competitive relative
Deferred sales fee 2.25% $22.50
Creation & Development fee 0.50% $5.00 distributions and that appear to possess
Maximum sales fee 2.75% $27.50 the ability to keep the current dividend
level intact.
As a % of $10 Amount per
Fee-Based Accounts unit price 100 units
Performance
Maximum sales fee 0.50% $5.00 Funds are favored that have a history of performance on either market price or net asset
+The
value that make them relatively attractive when compared to their peers and/or relative
initial sales fee is the difference between the total
sales fee (maximum of 2.75% of the unit offering price)
benchmark.
and the sum of the remaining deferred sales fee and
the total creation and development fee. The deferred
sales fee is fixed at $0.225 per unit and is paid in three Covered Call Closed-End Funds
monthly installments beginning February 20, 2020. The • Covered call closed-end funds are typically equity based and can offer a measure of
creation and development fee is fixed at $0.05 per unit downside protection and lower volatility through a strategy of selling call options on all or a
and is paid at the end of the initial offering period
(anticipated to be approximately three months). When
portion of the fund’s underlying equity portfolio.
the public offering price per unit is less than or equal to • In down markets, the premiums received from selling call options acts as a cushion,
$10, you will not pay an initial sales fee. When the helping to offset the decline in value of the fund’s equity portfolio.
public offering price per unit price is greater than $10 • In up markets, capital appreciation of the equity portfolio is limited, assuming the call
per unit, you will pay an initial sales fee. The initial and options are exercised, because a portion of the portfolio’s appreciation potential has been
deferred sales fees may not apply to fee-based sold in exchange for current cash flow from the received option premiums.
accounts. See the prospectus for more details about
fee-based account eligibility requirements.
• In effect, covered call closed-end funds provide the opportunity to participate in equity
market returns with potentially less volatility and risk by exchanging some upside potential
for more stable returns.
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Advisors Asset Management, Inc. (AAM) is a SEC registered investment advisor and member FINRA/SIPC.
 Cohen & Steers Global Covered Call & Income Strategies Closed-End Portfolio Series 2019-4, ADT 1969

Portfolio Holdings (as of date of deposit) Professional Selection by Cohen &

Ticker Market Value Steers Using its Proprietary
Symbol Issue Name Per Share*
Approach
BOE BlackRock Enhanced Global Dividend Trust
BGY BlackRock Enhanced International Dividend Trust The Portfolio Consultant, Cohen & Steers, is one of
BCX BlackRock Resources & Commodities Strategy Trust
the only investment firms that actively manages
individual closed-end funds and portfolios of closed-
ETW Eaton Vance Tax Managed Global Buy Write Opportunities Fund end funds. Cohen & Steers has been managing
EXG Eaton Vance Tax-Managed Global Diversified Equity Income Fund individual closed-end funds since 1993 and has been
investing in portfolios of closed-end funds since 2006.
HEQ John Hancock Hedged Equity & Income Fund Its process for selecting securities for this trust is
JCE Nuveen Core Equity Alpha Fund based on quantitative and qualitative metrics aimed
at providing diversification across investment
IGA Voya Global Advantage and Premium Opportunity Fund
managers, providing relative value while focusing on
IGD Voya Global Equity Dividend and Premium Opportunity Fund generating a high level of current income and
IDE Voya Infrastructure Industrials and Materials Fund potential for capital appreciation.

*As of 11/6/2019 and may vary thereafter.

Unit Investment Trusts (UITs) are sold only by prospectus. You should consider the trust’s investment objectives, risks, charges and expenses
carefully before investing. Contact your financial professional or visit Advisors Asset Management online at www.aamlive.com/uit to obtain a
prospectus, which contains this and other information about the trust. Read it carefully before you invest.

Risks and Considerations: Unit values will fluctuate with the portfolio of underlying securities and may be worth more or less than the original purchase price at
the time of redemption. There is no guarantee that the objective of the portfolio will be achieved. Additionally, the trust may terminate earlier than the specific
termination date as stated in the prospectus. Consult your tax advisor for possible tax consequences associated with this investment. An investment in this
unmanaged unit investment trust should be made with an understanding of the risks associated therewith that includes, but is not limited to:
Closed-End Funds: Closed-end funds are actively managed investment companies. 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. Closed-end funds are subject to various risks, including
management’s ability to meet the fund’s investment objective, and to manage the portfolio when the underlying securities are redeemed or sold, during periods of
market turmoil and as investors’ perceptions regarding closed-end funds or their underlying investments change.
Covered Call Option Strategy Risk: The closed-end funds held in the trust generally invest using covered call option strategies and/or similar income-oriented
investment strategies. Risks associated with these strategies, include the ability of the underlying fund managers to predict pertinent market movements, an
increase in interest rates, a change in the actual or perceived volatility of the stock market and/or the common stock subject to the option, a change in the dividend
rate of the stock subject to the option, the remaining time to expiration, the adverse effects on the value of the options if the market becomes smaller or less liquid,
or if the issuers or industries represented are the subject of legislative initiatives or litigation, and other limitations and various risks of options writing. The call
writing portion of the investment strategy of a closed-end fund may not be successful in that a fund may not realize the full appreciation of stocks on which the fund
has written call options. Additionally, the use of options may require a fund in the portfolio to sell securities at inopportune times or for prices other than current
market values or, may cause the fund to hold a security that it might otherwise sell.
Foreign Securities: Securities of foreign issuers held by the underlying funds in the trust present risks beyond those of U.S. issuers, such as market and political
factors related to the issuer’s foreign market, international trade conditions, less regulation, smaller or less liquid markets, increased volatility, differing accounting
practices and changes in the value of foreign currencies.
Long-Term Strategy: The UIT matures in 2 years and, as such, investors should consider their ability to reinvest any proceeds in a subsequent UIT, if available,
with a like or differing strategy, at the applicable sales charge.
Securities are available through your financial professional. Not FDIC Insured. Not Bank Guaranteed. May Lose Value.
For informational purposes only and not a recommendation to purchase or sell any security.
©2019 Advisors Asset Management
Advisors Asset Management, Inc. (AAM) is a SEC registered investment advisor and member FINRA/SIPC.
18925 Base Camp Road | Monument, CO 80132 | www.aamlive.com | CRN: 2018-0802-6809 R Link 5507

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