What does a Confirmation of Participation document affirm?

A Confirmation of Participation document serves as an official acknowledgment that a client has made an investment in a Unit Investment Trust Fund (UITF). This document typically includes important details about the investment, such as the amount invested, the nature of the units purchased, and sometimes the terms and conditions associated with the investment. Its primary purpose is to provide the investor with a record that they have engaged in a financial transaction, thus confirming their participation in the fund.

While other options may pertain to different financial scenarios, they do not reflect the specific function of a Confirmation of Participation in regards to UITFs. For example, borrowing funds or a guarantee on returns does not relate to an investment confirmation. Instead, the document focuses solely on affirming the client's investment activity. Additionally, ethical actions by a trust officer or bank guarantees are separate considerations and are not documented through this specific confirmation.