FLWQCX

About FLWQCX

First Trust Combined Series 590: Tax Exempt Municipal Income Trust Series 307 is a unit investment trust that focuses on providing investors with income that is exempt from federal, state, and local income taxes. Its primary purpose is to preserve capital while generating regular tax-advantaged income through a diversified portfolio of investment grade municipal bonds issued by various state and local governments or agencies. The trust typically holds a selection of 22 municipal securities, each selected for their credit quality and potential for steady returns, and offers monthly income distributions to investors. As a regulated investment company, this trust is structured to pass through interest income directly to its unit holders, minimizing the tax burden on distributions. The portfolio's weighted average maturity is approximately 19.9 years, aligning with the long-term objectives of many income-focused investors seeking predictable, tax-exempt cash flows and stability. By pooling these high-quality municipal bonds, the trust provides exposure to the public infrastructure and essential services sector, playing a key role in funding community projects while serving investors seeking tax efficiency and capital preservation.