What does Confirmation of Participation provide to a client?

Confirmation of Participation serves as an evidential documentation of an investor's participation in a Unit Investment Trust Fund (UITF). This document acts as an official record that confirms the amount invested in the fund, the date of investment, and other pertinent details related to the investment. It provides clients with a clear understanding of their holdings, which is crucial for maintaining accurate investment records and facilitating future transactions.

While tax benefits, withdrawal options, and performance reports may be important aspects of investing in UITFs, they are not the primary function of a Confirmation of Participation. This confirmation ensures that investors have a reliable proof of their investment stake, which can be essential for personal record-keeping, tax reporting, and any future decisions regarding their investment.