Municipal Investment Trust Fund (Merrill Lynch)

Municipal Investment Trust Fund (Merrill Lynch)
- In stock
- Inventory on the way
Product Details
Nicely engraved antique certificate of beneficial interest from the Municipal Investment Trust Fund dating back to the 1980's. This document was printed by the American Bank Note Company and measures approximately 12" (w) by 8" (h).
This certificate features an underprint of the state of New Jersey.
Images
Historical Context
The Municipal Investment Trust Fund was a New Jersey Trust that was developed by Merrill Lynch, Pierce, Fenner & Smith, and offered by the likes of Prudential Bache Securities; Shearson Lehman Brothers; Dean Witter Reynolds; PaineWebber and Chase Manhattan Bank.
The fund was a unit investment trust that was modified to eliminate price fluctuations by giving investors the right to ''put,'' or sell the units, back to the seller at a guaranteed price of 100. While protecting investors against loss, the fund sacrificed some potential for price gains, since the lower rate of interest would have required a significant decline in market rates to make the units worth more than their face value.
Additional Information
Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. All items offered are collectible in nature only. So, you can frame them, but you can't cash them in!
All of our pieces are original - we do not sell reproductions. If you ever find out that one of our pieces is not authentic, you may return it for a full refund of the purchase price and any associated shipping charges.
FAQ
Are the certificates offered on your site genuine or reproductions?
All of the certificates you see on our site are genuine pieces, we do not sell any reproductions.
Are the certificates you sell negotiable on any of today's stock markets or indexes?
Are the images presented in your product listings of the exact piece I will receive?
How will you ship my order and how much do you charge?
Can I return my purchase?
We guarantee all of our pieces to be authentic. If you ever determine that a piece is not authentic, it may be returned for a full refund of the purchase price as well as any associated shipping charges.