NUVEEN TAX FREE UNIT TRUST SERIES 1070
497, 1999-05-28
Previous: PROPERTY CAPITAL TRUST INC, 8-A12G, 1999-05-28
Next: BOYDS COLLECTION LTD, S-4, 1999-05-28



<PAGE>

                                                              File No. 811-08103
                                                                     Rule 497(d)



                         Supplement Dated May 28, 1999
                               to the Prospectus

- --------------------------------------------------------------------------------

                              Nuveen Unit Trusts

- --------------------------------------------------------------------------------

     John Nuveen & Co. Incorporated ("Nuveen"), the Sponsor of the Nuveen Unit
Trusts, is modifying the Unit purchase program available to Nuveen employees and
other affiliated persons. Accordingly, notwithstanding anything to the contrary
in the Prospectus:

(1)  The reduced sales charge program described in the Prospectus for officers,
     directors or bona fide, full-time employees of Nuveen, Nuveen Advisory
     Corp., Nuveen Institutional Advisory Corp., Rittenhouse Financial Services,
     Inc. or The John Nuveen Company, including in each case these individuals
     and their immediate family members (as defined in the Prospectus) is no
     longer applicable.

(2)  Units may be purchased in the primary or secondary market at the Public
     Offering Price for non-breakpoint purchases minus the concession the
     Sponsor typically allows to brokers and dealers for non-breakpoint
     purchases, by officers, directors and bona fide, full-time employees of
     Nuveen, Nuveen Advisory Corp., Nuveen Institutional Advisory Corp.,
     Rittenhouse Financial Services, Inc. and The John Nuveen Company, including
     in each case these individuals and their spouses, minor children, and
     parents. However, purchases by parents must be made through a registered
     broker-dealer.

     Investors who purchase Units as described above will not receive sales
     charge reductions for quantity purchases. Dealers are not entitled to
     receive any dealer concession for any sales made to Unitholders receiving
     the reduced sales charges specified above.


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission