SOURCE: Hennion & Walsh

October 13, 2009 09:00 ET

Hennion & Walsh Expands SmartTrust® UIT Offerings

New Tax-Advantaged Growth & Income Trust Reinforces Municipal Bond Expertise and Disciplined Approach to Investing

PARSIPPANY, NJ--(Marketwire - October 13, 2009) - Hennion & Walsh, a full-service securities firm providing disciplined and personalized approaches to investing for individual investors, is excited to announce the launch of its SmartTrust®, Tax-Advantaged Growth & Income Trust (2009 Series E), a new Unit Investment Trust ("UIT") that expands the firm's growing line-up of proprietary SmartTrust® portfolios.

"The continued expansion of our SmartTrust® UIT platform reflects Hennion & Walsh's ongoing mission of providing individual investors with disciplined investment strategies that provide the opportunity for growth and income as well as diversification," said Bill Walsh, President and Partner, of Hennion & Walsh. "We see a number of unique opportunities in the UIT market and plan to continue offering well-positioned growth and income portfolios when we deem appropriate."

The SmartTrust®, Tax-Advantaged Growth & Income Trust (2009 Series E) seeks to provide a high level of total after-tax return, with an emphasis on income that is exempt from regular federal income tax or that qualifies for federal income taxation at long-term capital gain rates, while also offering the potential for capital appreciation. There is no guarantee that the Trust will achieve its investment objective.

The Trust (Ticker Symbol: SMTAAX) will primarily invest in closed-end funds whose portfolios consist mainly of municipal bonds, the interest on which is exempt from regular federal income tax. The Trust will also invest in common stocks eligible to pay dividends that qualify for federal income taxation at long-term capital gain rates. In addition, the Trust invests in certain closed-end funds seeking tax-advantaged income as part of their investment strategies and/or policies.

"Municipal bond investing is our heritage and expertise, so we are incredibly pleased to add a new Trust that provides investors with a convenient, tax-advantaged total return option," said Richard Hennion, Executive Vice President and Partner, of Hennion & Walsh. "The UIT market is an important part of our overall growth and our commitment to this business is evidenced by our team of experienced wholesalers both externally with Ron Farrise and Victor Kopelakis, and internally with the support of Mike Miranda and our National Sales Director Dave D'Arcangelo."

Hennion & Walsh currently offers nine UITs, including the newly added SmartTrust®, Tax-Advantaged Growth & Income Trust (2009 Series E). UITs generally invest in a fixed portfolio, typically for a predetermined period of time. Rather than selecting from individual stocks and bonds, UITs allow individuals to invest in a basket of securities with a single purchase. Each portfolio is strategically designed to handle a specific set of investment objectives and needs, keeping in mind risk, income requirements, diversification and liquidity.

"Investors continue to seek products that provide ease of holding, diversification and professional portfolio construction," said Kevin Mahn, Managing Director & Chief Investment Officer, of Hennion & Walsh. "Our expanding line-up of SmartTrust® UIT portfolios is in direct response to this growing investor demand."

To request more information or to speak with Bill Walsh, Richard Hennion or Kevin Mahn, please contact Carol Graumann at 973.732.3521 or You can also visit

About Hennion & Walsh

Hennion & Walsh, Inc. was founded by Richard Hennion and William Walsh and has been serving clients as a full-service securities firm, specializing in municipal bonds, since 1990. The firm has built its reputation on developing strong, mutually beneficial relationships designed to last a lifetime. The firm offers 9 proprietary unit investment trusts under the SmartTrust® brand. The firm also offers the SmartGrowth® Lipper Mutual Funds as well as managed money portfolios to both individuals and retirement plans through its affiliate, Hennion & Walsh Asset Management Company. Additional information can be obtained at or by calling (800) 836-8240.

An investor can lose money by investing in this Trust. The Trust is not actively managed and will not sell securities in response to ordinary market fluctuations. An investment in this unit investment Trust is subject to market risk, which is the possibility that the market values of securities owned by the Trust will decline and that the value of Trust units that you receive in connection with the Trust's termination or a redemption of your units may therefore be less than what you paid for them. There is no guarantee that the Trust will meet its investment objectives, that the securities comprising the portfolio will pay dividends or that the unit price will not decline.

Investors should consider the Trust's investment objective, risks, charges and expenses carefully before investing. The prospectus contains this and other information relevant to an investment in the Trust. Please read the prospectus carefully before you send money.

Mutual fund investing involves risk, including loss of principal. There is no guarantee that a Fund will meet its objective.

Please carefully consider a Fund's investment objectives, risk factors, charges and expenses before investing. This and other information can be found in the Fund's prospectus, which may be obtained by calling 1-888-465-5722. Read carefully before investing.

The SmartGrowth® Mutual Funds are distributed by SEI Investments Distribution Co., which is not affiliated with Hennion & Walsh Asset Management or Lipper (a ThomsonReuters Company).

Contact Information