<PAGE>
NUVEEN Tax-Exempt Unit Trusts
NUVEEN
SHORT INTERMEDIATE
INSURED
TRUST 32
Estimated Current Return
4.55% to 4.67%
as of 07/06/94
Estimated Long Term Return
4.74% to 4.88%
75,000 units in a
diversified $7,500,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
6710A0 254 Monthly Payment Option
6710A0 262 Quarterly Payment Option
6710A0 270 Semi-Annual Payment Option
Registered in all states
John Nuveen & Co. Incorporated
Investment Bankers
<TABLE>
<S> <C>
Chicago: Atlanta
333 W. Wacker Dr. Austin
Chicago, Illinois 60606 Boca Raton
Telephone: 312.917.7700 Boston
Columbus
New York: Dallas/Ft. Worth
Swiss Bank Tower Irvine
10 East 50th Street Philadelphia
New York, New York 10022 Phoenix
Telephone: 212.207.2000 San Francisco
Seattle
Tampa
Washington, D.C.
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
NUVEEN TAX-EXEMPT UNIT TRUST--INSURED, SHORT INTERMEDIATE INSURED TRUST 32
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT JULY 7, 1994
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Ratings
Optional -----------------------
Aggregate Name of Issuer and Title of Issue Represented Redemption Standard
Principal by Sponsor's Contracts to Purchase Bonds Provisions & Poor's Moody's
<C> <C> <S> <C> <C> <C>
--------------------------------------------------------------------------------------------------------------------------
$ 100,000 Peoria Unified School District No. 11 of Maricopa County, No Optional AAA Aaa
Arizona, School Improvement and Refunding Bonds, Series Call
1994, 0.00% Due 7/1/99. (Original issue discount bonds
will be delivered on or about July 13, 1994 at a price of
77.306% of principal amount.)(General Obligation Bonds.)
(When issued.)
1,080,000 North Broward Hospital District (Florida), Hospital Revenue No Optional AAA Aaa
Bonds, Series 1992, 5.80% Due 1/1/99. Call
750,000 Chicago School Finance Authority, Illinois, General No Optional AAA Aaa
Obligation School Financing Bonds, Series 1994A, 4.50% Due Call
6/1/99.
720,000 Parish School Board of the Parish of Jefferson, State of No Optional AAA Aaa
Louisiana, Sales Tax School Bonds, Refunding Series 1994, Call
4.20% Due 2/1/99.
750,000 Washington Suburban Sanitary District, Maryland, Sewage No Optional AAA Aaa
Disposal Refunding Bonds of 1993, 4.125% Due 12/1/99. Call
(General Obligation Bonds.)
600,000 Metropolitan Transportation Authority (New York), Transit No Optional AAA Aaa
Facilities Revenue Bonds, Series O, 5.00% Due 7/1/99. Call
(When issued.)
500,000 Ohio Water Development Authority, Water Development Revenue No Optional AAA Aaa
Refunding Bonds, Pure Water Refunding and Improvement Call
Series, 5.20% Due 6/1/99.
750,000 The School District of Philadelphia, Pennsylvania, General No Optional AAA Aaa
Obligation Bonds, Series A of 1994, 4.95% Due 7/1/99. Call
750,000 Greenville Hospital System, Board of Trustees, Hospital No Optional AAA Aaa
Facilities Revenue Refunding Bonds (South Carolina), Call
Series 1993C, 4.80% Due 5/1/99.
750,000 Lower Colorado River Authority, Junior Lien Refunding No Optional AAA Aaa
Revenue Bonds, Fourth Supplemental Series, 5.10% Due Call
1/1/00.
750,000 City of Houston, Texas, Water and Sewer System, Junior Lien No Optional AAA Aaa
Revenue Refunding Bonds, Series 1992C, 5.10% Due 12/1/99. Call
----------
$7,500,000
----------
----------
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
UNIT PRICE, ESTIMATED CURRENT RETURN AND ESTIMATED LONG TERM RETURN DEPEND ON
AMOUNT PURCHASED AND PAYMENT OPTION
Sales charge/volume discount applies on all concurrent purchases of any Nuveen
trust units. Estimated Current Return equals net income divided by offering
price. Estimated Long Term Return represents an average of the yields to
maturity (or call) of the Bonds in the Trust adjusted to reflect expenses and
sales charges.
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Estimated Current Return (2)
-----------------------------------------------------
AMOUNT PURCHASED Public
- ------------------------------------- Sales Offering Monthly Quarterly Semi-Annual
Units Dollars Charge Price (1) Payment Payment Payment
- ---------------- ------------------- ------ ----------- ------------- ------------- -------------
<S> <C> <C> <C> <C> <C> <C>
50-499 $5,000-$49,999 3.00 % $ 101.92 4.55% 4.58% 4.60%
500-999 50,000-99,999 2.80 101.71 4.56 4.59 4.61
1,000-2,499 100,000-249,999 2.60 101.50 4.57 4.60 4.62
2,500-4,999 250,000-499,999 2.35 101.24 4.58 4.61 4.63
5,000-9,999 500,000-999,999 2.10 100.98 4.59 4.62 4.64
10,000-24,999 1,000,000-2,499,999 1.85 100.72 4.60 4.64 4.65
25,000-49,999 2,500,000-4,999,999 1.80 100.67 4.61 4.64 4.66
50,000 and over 5,000,000 and over 1.50 100.37 4.62 4.65 4.67
</TABLE>
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Estimated Long Term Return (3)
-----------------------------------------------------
AMOUNT PURCHASED Public
- ------------------------------------- Sales Offering Monthly Quarterly Semi-Annual
Units Dollars Charge Price (1) Payment Payment Payment
- ---------------- ------------------- ------ ----------- ------------- ------------- -------------
<S> <C> <C> <C> <C> <C> <C>
50-499 $5,000-$49,999 3.00 % $ 101.92 4.74% 4.78% 4.80%
500-999 50,000-99,999 2.80 101.71 4.75 4.79 4.81
1,000-2,499 100,000-249,999 2.60 101.50 4.76 4.80 4.82
2,500-4,999 250,000-499,999 2.35 101.24 4.77 4.81 4.83
5,000-9,999 500,000-999,999 2.10 100.98 4.79 4.83 4.85
10,000-24,999 1,000,000-2,499,999 1.85 100.72 4.80 4.84 4.86
25,000-49,999 2,500,000-4,999,999 1.80 100.67 4.80 4.84 4.86
50,000 and over 5,000,000 and over 1.50 100.37 4.82 4.86 4.88
</TABLE>
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
(1) As of the business day prior to the Date of Deposit. Units are offered at
the Public Offering Price plus accrued interest.
(2) All figures as of the business day prior to Date of Deposit. The estimated
current return for purchases made on such date will be as shown, as long as
the portfolio size and composition remain the same.
(3) In contrast to Estimated Current Return, Estimated Long Term Return reflects
the amortization of premium or accretion of discount, if any, on the bonds
in the Trust's portfolio.
- --------------------------------------------------------------------------------
REINVESTMENT OPTIONS Specify automatic reinvestment of trust income, with no
sales charge, to earn compounded dividends with Nuveen mutual funds.
- --------------------------------------------------------------------------------
INTEREST DISTRIBUTIONS TO UNITHOLDERS Unitholders may elect to have interest
distributions made on a monthly, quarterly, or semi-annual basis. Record Dates
are May 1 and November 1 for semi-annual distributions; February 1, May 1,
August 1 and November 1 for quarterly distributions; and the first of each month
for monthly distributions. Details of interest distributions per unit under the
various plans appear in the following table based upon estimated net annual
interest income at the Date of Deposit:
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Normal
Distributions
Short Intermediate Insured Trust 1994 1995 per Year +
<S> <C> <C> <C> <C> <C>
- ---------------------------------------------------------------------------------------------------- --------------
Record Date*.......................... 8/1 11/1 2/1 5/1
Distribution Date..................... 8/15 11/15 2/15 5/15
- --------------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .3091(1) $ 4.6375
-------- $.3864 every month --------
Quarterly Distribution Plan........... $ .3091(1) $ 1.1673(2) $ 1.1673 $ 1.1673 $ 4.6695
Semi-Annual Distribution Plan......... $ .3091(1) $ 1.1718(3) $ 2.3436 $ 4.6885
- --------------------------------------------------------------------------------------------------------------------
<FN>
* Record Dates for semi-annual distributions are May 1 and November 1; for quarterly distributions, they are February 1, May 1,
August 1 and November 1. Record Dates for monthly distributions are the first day of each month.
(1) The first distribution will be paid to all Unitholders, regardless of the distribution plan selected. Such distribution may
be more or less than a regular monthly distribution.
(2) Regular 3-month distribution.
(3) The second distribution under the semi-annual distribution plan represents a 3-month distribution; subsequent semi-annual
distributions will be regular 6-month distributions.
</TABLE>
+ Interest for Unitholders of this series began to accrue as of the Date of
Deposit. Units purchased on the Date of Deposit will have $.09 of accrued
interest that will be added to the Public Offering Price on the Settlement Date.
After provision for expenses of the Fund, the daily rate of accrual from the
Date of Deposit to the first Record Date is $.01288 per unit per day.
Consequently, on the first Record Date (08/01/94), accrued interest will total
$0.3091 per unit for the 24-day period. All interest accrued from the Date of
Deposit to the first Record Date, less expenses, will be distributed on the
first Distribution Date to Unitholders of Record as of the first Record Date.
The first payment to all Unitholders of Record on 08/01/94 is $.3091 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01288 Quarterly - $0.01297
Semi-Annual - $0.01302
This daily rate of accrual, and the annual distributions shown above, will
remain the same as long as the portfolio size and composition remain the same.
- --------------------------------------------------------------------------------
<PAGE>
- -------------------------------------------------
DIVERSIFICATION OF PORTFOLIO INCOME
There are 11 Tax-exempt bond issues in this trust; this diversified portfolio
yields current income from issuers in 9 states.
- -------------------------------------------------
<TABLE>
<CAPTION>
Percent
of Total
Income
<S> <C> <C>
- ------------------------
%
Florida 17.2
Illinois 9.3
Louisiana 8.3
Maryland 8.5
New York 8.3
<CAPTION>
Percent
of Total
Income
- ------------------------
<S> <C> <C>
%
Ohio 7.2
Pennsylvania 10.2
South Carolina 9.9
Texas 21.1
</TABLE>
- -------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity
of portfolio bonds is 5.0 years.
<TABLE>
<CAPTION>
Year Bonds Mature Amount Percent
- ------------------------------------- ---------- -----------
<S> <C> <C>
1999................................. 6,750 90.0%
2000................................. 750 10.0
</TABLE>
- -------------------------------------------------
BONDS INSURED BY MBIA Each bond in this Nuveen Insured series has been
insured* by the Municipal Bond Investors Assurance Corporation, which guarantees
timely payments of principal and interest. Premium payments have been fully paid
by the Date of Deposit.
- -------------------------------------------------
CALL PROTECTION Bonds are first subject to optional redemption by the issuers
in the years and at the prices shown under the Redemption Provisions column in
the Schedule of Investments. Unless otherwise stated, in subsequent years, bonds
are redeemable at declining prices, but not usually below par value. Some issues
or some portions of issues may also be subject to sinking fund redemption or
extraordinary redemption without premium prior to the dates shown.
- -------------------------------------------------
* Insurance relates specifically to the bonds and not to the units or to the
market value of units. Terms of the insurance are more fully described in the
prospectus. No representation is made as to the insurer's ability to meet its
commitments. See Section 5 of the prospectus for details.
- -------------------------------------------------------
FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION, INCLUDING CHARGES AND
EXPENSES, ON THIS NUVEEN TAX-EXEMPT UNIT TRUST AND ANY OTHER NUVEEN FUND, CALL
YOUR BROKER . . . OR NUVEEN AT
1-800-257-8787
READ THE PROSPECTUS CAREFULLY BEFORE YOU INVEST OR SEND MONEY.
737
<PAGE>
NUVEEN Tax-Exempt Unit Trusts
NUVEEN
FLORIDA
INSURED
TRUST 193
Estimated Current Return
5.58% to 5.81%
as of 07/06/94
Estimated Long Term Return
5.69% to 5.91%
35,000 units in a
diversified $3,500,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
6706H3 374 Monthly Payment Option
6706H3 382 Quarterly Payment Option
6706H3 390 Semi-Annual Payment Option
Registered in Florida
John Nuveen & Co. Incorporated
Investment Bankers
<TABLE>
<S> <C>
Chicago: Atlanta
333 W. Wacker Dr. Austin
Chicago, Illinois 60606 Boca Raton
Telephone: 312.917.7700 Boston
Columbus
New York: Dallas/Ft. Worth
Swiss Bank Tower Irvine
10 East 50th Street Philadelphia
New York, New York 10022 Phoenix
Telephone: 212.207.2000 San Francisco
Seattle
Tampa
Washington, D.C.
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
NUVEEN TAX-EXEMPT UNIT TRUST--INSURED, FLORIDA INSURED TRUST 193
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT JULY 7, 1994
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Ratings
Optional -----------------------
Aggregate Name of Issuer and Title of Issue Represented Redemption Standard
Principal by Sponsor's Contracts to Purchase Bonds Provisions & Poor's Moody's
<C> <C> <S> <C> <C> <C>
--------------------------------------------------------------------------------------------------------------------------
$ 500,000 State Board of Education of Florida, Public Education 2004 at 101 AAA Aaa
Capital Outlay Bonds, 1993 Series E, 5.80% Due 6/1/24.
(General Obligation Bonds.)
500,000 Hillsborough County Aviation Authority, Florida, Tampa 2003 at 102 AAA Aaa
International Airport Revenue Refunding Bonds, 1993 Series
B, 5.50% Due 10/1/13.
500,000 Hillsborough County Industrial Development Authority 2004 at 102 AAA Aaa
(Florida), Industrial Development Revenue Bonds, Series
1994 (University Community Hospital), 5.80% Due 8/15/24.
500,000 Orange County, Florida, Tourist Development Tax Revenue 2004 at 102 AAA Aaa
Bonds, Series 1994B, 6.00% Due 10/1/24.
500,000 Orlando Utilities Commission (Florida), Water and Electric 2003 at 101 AAA Aaa
Subordinated Revenue Bonds, Series 1993B, 5.25% Due
10/1/23. (Original issue discount bonds delivered on or
about August 12, 1993 at a price of 92.63% of principal
amount.)
500,000 Seminole County, Florida, Gas Tax Revenue Refunding Bonds, 2002 at 102 AAA Aaa
Series 1992A, 6.375% Due 10/1/18.
500,000 Commonwealth of Puerto Rico, Public Improvement Refunding 2003 at 101 AAA Aaa
Bonds, Series 1993 (General Obligation Bonds.), 5.50% Due 1/2
7/1/13.
----------
$3,500,000
----------
----------
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
UNIT PRICE, ESTIMATED CURRENT RETURN AND ESTIMATED LONG TERM RETURN DEPEND ON
AMOUNT PURCHASED AND PAYMENT OPTION
Sales charge/volume discount applies on all concurrent purchases of any Nuveen
trust units. Estimated Current Return equals net income divided by offering
price. Estimated Long Term Return represents an average of the yields to
maturity (or call) of the Bonds in the Trust adjusted to reflect expenses and
sales charges.
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Estimated Current Return (2)
-----------------------------------------------------
AMOUNT PURCHASED Public
- ------------------------------------- Sales Offering Monthly Quarterly Semi-Annual
Units Dollars Charge Price (1) Payment Payment Payment
- ---------------- ------------------- ------ ----------- ------------- ------------- -------------
<S> <C> <C> <C> <C> <C> <C>
50-499 $5,000-$49,999 4.90 % $ 98.79 5.58% 5.62% 5.63%
500-999 50,000-99,999 4.75 98.64 5.59 5.62 5.64
1,000-2,499 100,000-249,999 4.50 98.38 5.61 5.64 5.66
2,500-4,999 250,000-499,999 4.25 98.12 5.62 5.65 5.67
5,000-9,999 500,000-999,999 3.50 97.36 5.66 5.70 5.72
10,000-24,999 1,000,000-2,499,999 3.00 96.86 5.69 5.73 5.75
25,000-49,999 2,500,000-4,999,999 2.50 96.36 5.72 5.76 5.78
50,000 and over 5,000,000 and over 2.00 95.87 5.75 5.79 5.81
</TABLE>
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Estimated Long Term Return (3)
-----------------------------------------------------
AMOUNT PURCHASED Public
- ------------------------------------- Sales Offering Monthly Quarterly Semi-Annual
Units Dollars Charge Price (1) Payment Payment Payment
- ---------------- ------------------- ------ ----------- ------------- ------------- -------------
<S> <C> <C> <C> <C> <C> <C>
50-499 $5,000-$49,999 4.90 % $ 98.79 5.69% 5.72% 5.74%
500-999 50,000-99,999 4.75 98.64 5.69 5.72 5.74
1,000-2,499 100,000-249,999 4.50 98.38 5.71 5.74 5.76
2,500-4,999 250,000-499,999 4.25 98.12 5.72 5.75 5.77
5,000-9,999 500,000-999,999 3.50 97.36 5.77 5.80 5.82
10,000-24,999 1,000,000-2,499,999 3.00 96.86 5.80 5.83 5.85
25,000-49,999 2,500,000-4,999,999 2.50 96.36 5.83 5.86 5.88
50,000 and over 5,000,000 and over 2.00 95.87 5.86 5.89 5.91
</TABLE>
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
(1) As of the business day prior to the Date of Deposit. Units are offered at
the Public Offering Price plus accrued interest.
(2) All figures as of the business day prior to Date of Deposit. The estimated
current return for purchases made on such date will be as shown, as long as
the portfolio size and composition remain the same.
(3) In contrast to Estimated Current Return, Estimated Long Term Return reflects
the amortization of premium or accretion of discount, if any, on the bonds
in the Trust's portfolio.
- --------------------------------------------------------------------------------
INTEREST DISTRIBUTIONS TO UNITHOLDERS Unitholders may elect to have interest
distributions made on a monthly, quarterly, or semi-annual basis. Record Dates
are May 1 and November 1 for semi-annual distributions; February 1, May 1,
August 1 and November 1 for quarterly distributions; and the first of each month
for monthly distributions. Details of interest distributions per unit under the
various plans appear in the following table based upon estimated net annual
interest income at the Date of Deposit:
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Normal
Distributions
Florida Insured Trust 1994 1995 per Year +
<S> <C> <C> <C> <C> <C>
- ---------------------------------------------------------------------------------------------------- --------------
Record Date*.......................... 8/1 11/1 2/1 5/1
Distribution Date..................... 8/15 11/15 2/15 5/15
- --------------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .3676(1) $ 5.5153
-------- $.4596 every month --------
Quarterly Distribution Plan........... $ .3676(1) $ 1.3860(2) $ 1.3860 $ 1.3860 $ 5.5473
Semi-Annual Distribution Plan......... $ .3676(1) $ 1.3914(3) $ 2.7828 $ 5.5663
- --------------------------------------------------------------------------------------------------------------------
<FN>
* Record Dates for semi-annual distributions are May 1 and November 1; for quarterly distributions, they are February 1, May 1,
August 1 and November 1. Record Dates for monthly distributions are the first day of each month.
(1) The first distribution will be paid to all Unitholders, regardless of the distribution plan selected. Such distribution may
be more or less than a regular monthly distribution.
(2) Regular 3-month distribution.
(3) The second distribution under the semi-annual distribution plan represents a 3-month distribution; subsequent semi-annual
distributions will be regular 6-month distributions.
</TABLE>
+ Interest for Unitholders of this series began to accrue as of the Date of
Deposit. Units purchased on the Date of Deposit will have $.11 of accrued
interest that will be added to the Public Offering Price on the Settlement Date.
After provision for expenses of the Fund, the daily rate of accrual from the
Date of Deposit to the first Record Date is $.01532 per unit per day.
Consequently, on the first Record Date (08/01/94), accrued interest will total
$0.3676 per unit for the 24-day period. All interest accrued from the Date of
Deposit to the first Record Date, less expenses, will be distributed on the
first Distribution Date to Unitholders of Record as of the first Record Date.
The first payment to all Unitholders of Record on 08/01/94 is $.3676 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01532 Quarterly - $0.01540
Semi-Annual - $0.01546
This daily rate of accrual, and the annual distributions shown above, will
remain the same as long as the portfolio size and composition remain the same.
- --------------------------------------------------------------------------------
737
<PAGE>
- -------------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity of portfolio bonds is 26.0 years.
The first bond is scheduled to mature in July, 2013, with the last bond maturity
being October, 2024.
- -------------------------------------------------
BONDS INSURED BY MBIA Each bond in this Nuveen Insured series has been
insured* by the Municipal Bond Investors Assurance Corporation, which guarantees
timely payments of principal and interest. Premium payments have been fully paid
by the Date of Deposit.
- -------------------------------------------------
CALL PROTECTION Bonds are first subject to optional redemption by the issuers
in the years and at the prices shown under the Redemption Provisions column in
the Schedule of Investments. Unless otherwise stated, in subsequent years, bonds
are redeemable at declining prices, but not usually below par value. Some issues
or some portions of issues may also be subject to sinking fund redemption or
extraordinary redemption without premium prior to the dates shown.
- -------------------------------------------------
NO CHARGE FOR REDEMPTION The Trustee, United States Trust Company of New York,
will redeem units at net asset value. In addition, John Nuveen & Co.
Incorporated intends to maintain a secondary market for this Nuveen Tax-Exempt
Unit Trust. Inasmuch as all securities investments are subject to market price
fluctuation, net asset value at the time of redemption could be more or less
than the initial investment.
- -------------------------------------------------
REINVESTMENT OPTIONS Specify automatic reinvestment of trust income, with no
sales charge, to earn compounded dividends with Nuveen mutual funds.
- -------------------------------------------------
* Insurance relates specifically to the bonds and not to the units or to the
market value of units. Terms of the insurance are more fully described in the
prospectus. No representation is made as to the insurer's ability to meet its
commitments. See Section 5 of the prospectus for details.
- -------------------------------------------------------
FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION, INCLUDING CHARGES AND
EXPENSES, ON THIS NUVEEN TAX-EXEMPT UNIT TRUST AND ANY OTHER NUVEEN FUND, CALL
YOUR BROKER . . . OR NUVEEN AT
1-800-257-8787
READ THE PROSPECTUS CAREFULLY BEFORE YOU INVEST OR SEND MONEY.
<PAGE>
NUVEEN Tax-Exempt Unit Trusts
NUVEEN
NEW YORK
INSURED
TRUST 219
Estimated Current Return
5.67% to 5.89%
as of 07/06/94
Estimated Long Term Return
5.75% to 5.99%
35,000 units in a
diversified $3,500,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
6706H5 643 Monthly Payment Option
6706H5 650 Quarterly Payment Option
6706H5 668 Semi-Annual Payment Option
Registered in New York, Connecticut & Florida
John Nuveen & Co. Incorporated
Investment Bankers
<TABLE>
<S> <C>
Chicago: Atlanta
333 W. Wacker Dr. Austin
Chicago, Illinois 60606 Boca Raton
Telephone: 312.917.7700 Boston
Columbus
New York: Dallas/Ft. Worth
Swiss Bank Tower Irvine
10 East 50th Street Philadelphia
New York, New York 10022 Phoenix
Telephone: 212.207.2000 San Francisco
Seattle
Tampa
Washington, D.C.
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
NUVEEN TAX-EXEMPT UNIT TRUST--INSURED, NEW YORK INSURED TRUST 219
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT JULY 7, 1994
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Ratings
Optional -----------------------
Aggregate Name of Issuer and Title of Issue Represented Redemption Standard
Principal by Sponsor's Contracts to Purchase Bonds Provisions & Poor's Moody's
<C> <C> <S> <C> <C> <C>
--------------------------------------------------------------------------------------------------------------------------
$ 175,000 Dormitory Authority of the State of New York, State 2003 at 102 AAA Aaa
University Educational Facilities Revenue Bonds, Series
1992A, 6.00% Due 5/15/22. (Original issue discount bonds
delivered on or about December 30, 1992 at a price of
92.25% of principal amount.)
250,000 Dormitory Authority of the State of New York, State No Optional AAA Aaa
University Educational Facilities Revenue Bonds, Series Call
1993A, 5.875% Due 5/15/17.
525,000 New York State Housing Finance Agency, Service Contract 2003 at 102 AAA Aaa
Obligation Revenue Bonds, 1993 Series A, 5.875% Due
9/15/14.
500,000 New York Local Government Assistance Corporation (A Public 2003 at 102 AAA Aaa
Benefit Corporation of the State of New York), Series
1993C Refunding Bonds, 5.50% Due 4/1/18.
500,000 New York State Medical Care, Facilities Finance Agency, 2003 at 102 AAA Aaa
Mental Health Services Facilities Improvement Revenue
Bonds, 1993 Series A, 5.80% Due 8/15/22. (General
Obligation Bonds.)
500,000 New York State Urban Development Corporation, Correctional 2003 at 102 AAA Aaa
Capital Facilities Revenue Bonds, 1993 Refunding Series,
5.50% Due 1/1/15. (Original issue discount bonds delivered
on or about May 20, 1993 at a price of 93.637% of
principal amount.)
525,000 Metropolitan Transportation Authority, New York, Commuter 2004 at 101 AAA Aaa
Facilities Revenue Bonds, Series 1994A, 6.50% Due 7/1/24. 1/2
(When issued.)
525,000 The City of New York (New York), General Obligation Bonds, 2004 at 101 AAA Aaa
Fiscal 1994 Series H, Subseries H-1, 6.125% Due 8/1/11. 1/2
----------
$3,500,000
----------
----------
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
UNIT PRICE, ESTIMATED CURRENT RETURN AND ESTIMATED LONG TERM RETURN DEPEND ON
AMOUNT PURCHASED AND PAYMENT OPTION
Sales charge/volume discount applies on all concurrent purchases of any Nuveen
trust units. Estimated Current Return equals net income divided by offering
price. Estimated Long Term Return represents an average of the yields to
maturity (or call) of the Bonds in the Trust adjusted to reflect expenses and
sales charges.
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Estimated Current Return (2)
-----------------------------------------------------
AMOUNT PURCHASED Public
- ------------------------------------- Sales Offering Monthly Quarterly Semi-Annual
Units Dollars Charge Price (1) Payment Payment Payment
- ---------------- ------------------- ------ ----------- ------------- ------------- -------------
<S> <C> <C> <C> <C> <C> <C>
50-499 $5,000-$49,999 4.90 % $ 100.00 5.67% 5.70% 5.72%
500-999 50,000-99,999 4.75 99.84 5.68 5.71 5.73
1,000-2,499 100,000-249,999 4.50 99.58 5.69 5.72 5.74
2,500-4,999 250,000-499,999 4.25 99.32 5.71 5.74 5.76
5,000-9,999 500,000-999,999 3.50 98.55 5.75 5.78 5.80
10,000-24,999 1,000,000-2,499,999 3.00 98.04 5.78 5.81 5.83
25,000-49,999 2,500,000-4,999,999 2.50 97.54 5.81 5.84 5.86
50,000 and over 5,000,000 and over 2.00 97.04 5.84 5.87 5.89
</TABLE>
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Estimated Long Term Return (3)
-----------------------------------------------------
AMOUNT PURCHASED Public
- ------------------------------------- Sales Offering Monthly Quarterly Semi-Annual
Units Dollars Charge Price (1) Payment Payment Payment
- ---------------- ------------------- ------ ----------- ------------- ------------- -------------
<S> <C> <C> <C> <C> <C> <C>
50-499 $5,000-$49,999 4.90 % $ 100.00 5.75% 5.79% 5.81%
500-999 50,000-99,999 4.75 99.84 5.76 5.80 5.82
1,000-2,499 100,000-249,999 4.50 99.58 5.78 5.82 5.84
2,500-4,999 250,000-499,999 4.25 99.32 5.79 5.83 5.85
5,000-9,999 500,000-999,999 3.50 98.55 5.84 5.88 5.90
10,000-24,999 1,000,000-2,499,999 3.00 98.04 5.87 5.91 5.93
25,000-49,999 2,500,000-4,999,999 2.50 97.54 5.90 5.94 5.96
50,000 and over 5,000,000 and over 2.00 97.04 5.93 5.97 5.99
</TABLE>
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
(1) As of the business day prior to the Date of Deposit. Units are offered at
the Public Offering Price plus accrued interest.
(2) All figures as of the business day prior to Date of Deposit. The estimated
current return for purchases made on such date will be as shown, as long as
the portfolio size and composition remain the same.
(3) In contrast to Estimated Current Return, Estimated Long Term Return reflects
the amortization of premium or accretion of discount, if any, on the bonds
in the Trust's portfolio.
- --------------------------------------------------------------------------------
INTEREST DISTRIBUTIONS TO UNITHOLDERS Unitholders may elect to have interest
distributions made on a monthly, quarterly, or semi-annual basis. Record Dates
are May 1 and November 1 for semi-annual distributions; February 1, May 1,
August 1 and November 1 for quarterly distributions; and the first of each month
for monthly distributions. Details of interest distributions per unit under the
various plans appear in the following table based upon estimated net annual
interest income at the Date of Deposit:
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Normal
Distributions
New York Insured Trust 1994 1995 per Year +
<S> <C> <C> <C> <C> <C>
- ---------------------------------------------------------------------------------------------------- --------------
Record Date*.......................... 8/1 11/1 2/1 5/1
Distribution Date..................... 8/15 11/15 2/15 5/15
- --------------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .3777(1) $ 5.6669
-------- $.4722 every month --------
Quarterly Distribution Plan........... $ .3777(1) $ 1.4247(2) $ 1.4247 $ 1.4247 $ 5.6989
Semi-Annual Distribution Plan......... $ .3777(1) $ 1.4292(3) $ 2.8584 $ 5.7179
- --------------------------------------------------------------------------------------------------------------------
<FN>
* Record Dates for semi-annual distributions are May 1 and November 1; for quarterly distributions, they are February 1, May 1,
August 1 and November 1. Record Dates for monthly distributions are the first day of each month.
(1) The first distribution will be paid to all Unitholders, regardless of the distribution plan selected. Such distribution may
be more or less than a regular monthly distribution.
(2) Regular 3-month distribution.
(3) The second distribution under the semi-annual distribution plan represents a 3-month distribution; subsequent semi-annual
distributions will be regular 6-month distributions.
</TABLE>
+ Interest for Unitholders of this series began to accrue as of the Date of
Deposit. Units purchased on the Date of Deposit will have $.11 of accrued
interest that will be added to the Public Offering Price on the Settlement Date.
After provision for expenses of the Fund, the daily rate of accrual from the
Date of Deposit to the first Record Date is $.01574 per unit per day.
Consequently, on the first Record Date (08/01/94), accrued interest will total
$0.3777 per unit for the 24-day period. All interest accrued from the Date of
Deposit to the first Record Date, less expenses, will be distributed on the
first Distribution Date to Unitholders of Record as of the first Record Date.
The first payment to all Unitholders of Record on 08/01/94 is $.3777 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01574 Quarterly - $0.01583
Semi-Annual - $0.01588
This daily rate of accrual, and the annual distributions shown above, will
remain the same as long as the portfolio size and composition remain the same.
- --------------------------------------------------------------------------------
737
<PAGE>
- -------------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity of portfolio bonds is 23.4 years.
The first bond is scheduled to mature in August, 2011, with the last bond
maturity being July, 2024.
- -------------------------------------------------
BONDS INSURED BY MBIA Each bond in this Nuveen Insured series has been
insured* by the Municipal Bond Investors Assurance Corporation, which guarantees
timely payments of principal and interest. Premium payments have been fully paid
by the Date of Deposit.
- -------------------------------------------------
CALL PROTECTION Bonds are first subject to optional redemption by the issuers
in the years and at the prices shown under the Redemption Provisions column in
the Schedule of Investments. Unless otherwise stated, in subsequent years, bonds
are redeemable at declining prices, but not usually below par value. Some issues
or some portions of issues may also be subject to sinking fund redemption or
extraordinary redemption without premium prior to the dates shown.
- -------------------------------------------------
NO CHARGE FOR REDEMPTION The Trustee, United States Trust Company of New York,
will redeem units at net asset value. In addition, John Nuveen & Co.
Incorporated intends to maintain a secondary market for this Nuveen Tax-Exempt
Unit Trust. Inasmuch as all securities investments are subject to market price
fluctuation, net asset value at the time of redemption could be more or less
than the initial investment.
- -------------------------------------------------
REINVESTMENT OPTIONS Specify automatic reinvestment of trust income, with no
sales charge, to earn compounded dividends with Nuveen mutual funds.
- -------------------------------------------------
* Insurance relates specifically to the bonds and not to the units or to the
market value of units. Terms of the insurance are more fully described in the
prospectus. No representation is made as to the insurer's ability to meet its
commitments. See Section 5 of the prospectus for details.
- -------------------------------------------------------
FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION, INCLUDING CHARGES AND
EXPENSES, ON THIS NUVEEN TAX-EXEMPT UNIT TRUST AND ANY OTHER NUVEEN FUND, CALL
YOUR BROKER . . . OR NUVEEN AT
1-800-257-8787
READ THE PROSPECTUS CAREFULLY BEFORE YOU INVEST OR SEND MONEY.
