CS 595 Tax Exempt Municipal Income Trust Series 309 is a unit investment trust designed to provide investors with regular income that is exempt from federal and, where applicable, state and local income taxes. The trust achieves this by investing in a diversified portfolio of investment grade municipal bonds, each carefully selected for their credit quality and tax-exempt status. Its principal aim is dual: to deliver tax-advantaged income while preserving investors’ capital. Notable features of the trust include a focus on high-quality municipal issuers and a defined weighted average maturity, which for Series 309 is approximately 21.8 years. The trust holds a fixed number of bond issues—22 in this series—giving investors transparent exposure to the municipal bond market. The structure as a regulated investment company means it passes through income directly to shareholders, supporting tax efficiency. This trust fits a unique role in the financial markets, offering conservative investors and those in higher tax brackets a way to access steady, predictable income streams while mitigating tax liabilities and preserving capital over a defined investment horizon.
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