Smart Trust registers Diversified Income and Growth, Series 2 units

By Toni Weeks

San Diego, Jan. 5 - Smart Trust, Diversified Income and Growth Trust, Series 2 has completed its initial registration of units in an S-6 filing with the Securities and Exchange Commission.

The depositor is Parsippany, N.J.-based Hennion & Walsh, Inc.

The trust will seek to provide capital appreciation and current dividend income through investment in an unmanaged, diversified portfolio of common stock of closed-end investment companies.

The units will have a sales charge of 3.95% of the public offering price, consisting a 1% initial sales charge, a 2.45% deferred sales charge and a 0.5% creation and development fee. The sales charge may be reduced to 2.45% on a sliding scale depending on the investment amount.

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