<PAGE>
NUVEEN Tax-Exempt Unit Trusts
NUVEEN
CONNECTICUT
TRUST 274
(CONNECTICUT TRADITIONAL TRUST 274)
Estimated Current Return
5.07% to 5.28%
as of 06/15/95
Estimated Long Term Return
5.21% to 5.42%
35,000 units in a
diversified $3,500,000
portfolio of tax-exempt
bonds
Cusip:
67094E 709 Monthly Payment Option
67094E 717 Quarterly Payment Option
67094E 725 Semi-Annual Payment Option
Registered in Connecticut
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--CONNECTICUT TRADITIONAL TRUST 274
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT JUNE 16, 1995
- --------------------------------------------------------------------------------
<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>
--------------------------------------------------------------------------------------------------------------------------
$ 275,000 State of Connecticut, General Obligation Bonds (1993 Series No Optional AA- Aa
B), 5.50% Due 3/15/12. Call
250,000 State of Connecticut, General Obligation Capital No Optional AAA Aaa
Appreciation Bonds (College Savings Plan, 1994 Series A), Call
0.00% Due 6/1/13. (Original issue discount bonds delivered
on or about May 26, 1994 at a price of 30.746% of
principal amount.)(FGIC Insured.)
525,000 Connecticut Development Authority, Water Facilities 2004 at 102 AAA Aaa
Refunding Revenue Bonds (Bridgeport Hydraulic Company
Project-1994A Series), 6.05% Due 3/1/29. (MBIA Insured.)
500,000 State of Connecticut Health and Educational Facilities 2004 at 102 AAA Aaa
Authority, Revenue Bonds, New Britain General Hospital
Issue, Series B, 6.00% Due 7/1/24. (AMBAC Insured.)
375,000 State of Connecticut, Health and Educational Facilities 2003 at 102 AAA Aaa
Authority, Revenue Bonds, Saint Francis Hospital and
Medical Center Issue, Series C, 5.00% Due 7/1/23. (FGIC
Insured.)
215,000 State of Connecticut, Special Tax Obligation Bonds, 2004 at 101 AAA Aaa
Transportation Infrastructure Purposes, 1994 Series B,
6.25% Due 10/1/14. (FGIC Insured.)
290,000 State of Connecticut, Special Tax Obligation Bonds, 2004 at 101 AAA Aaa
Transportation Infrastructure Purposes, 1994 Series A, 1/2
5.65% Due 4/1/14. (FGIC Insured.)
300,000 Town of Cheshire, Connecticut, General Obligation Bonds, 2003 at 102 -- Aa
Issue of 1993, 5.25% Due 8/15/13.
150,000 Town of Easton, Connecticut, General Obligation Bonds, 5.40% 2004 at 102 -- Aa1
Due 6/1/14.
120,000 South Central Connecticut Regional Water Authority, Water 2003 at 102 AAA Aaa
System Revenue Bonds, Twelfth Series, 5.25% Due 8/1/12.
(FGIC Insured.)
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. (MBIA Insured.)
----------
$3,500,000
----------
----------
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
UNIT PRICE, ESTIMATED CURRENT RETURN AND ESTIMATED LONG TERM RETURN DEPEND ON
AMOUNT PURCHASED AND PAYMENT OPTION The sales charges/volume discounts below
apply on all concurrent purchases of any Nuveen trust units, unless any such
purchases are made by a class of investors for which a separate sales charge is
applicable as described more fully in the Prospectus. 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 % $ 99.05 5.07% 5.10% 5.12%
500-999 50,000-99,999 4.75 98.90 5.08 5.11 5.13
1,000-2,499 100,000-249,999 4.50 98.64 5.09 5.12 5.14
2,500-4,999 250,000-499,999 4.25 98.38 5.10 5.14 5.16
5,000-9,999 500,000-999,999 3.50 97.62 5.14 5.18 5.20
10,000-24,999 1,000,000- 2,499,999 3.00 97.11 5.17 5.20 5.22
25,000-49,999 2,500,000- 4,999,999 2.50 96.62 5.20 5.23 5.25
50,000 and over 5,000,000 and over 2.00 96.12 5.22 5.26 5.28
</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 % $ 99.05 5.21% 5.24% 5.26%
500-999 50,000-99,999 4.75 98.90 5.22 5.25 5.27
1,000-2,499 100,000-249,999 4.50 98.64 5.23 5.26 5.28
2,500-4,999 250,000-499,999 4.25 98.38 5.24 5.27 5.29
5,000-9,999 500,000-999,999 3.50 97.62 5.29 5.32 5.34
10,000-24,999 1,000,000- 2,499,999 3.00 97.11 5.32 5.35 5.36
25,000-49,999 2,500,000- 4,999,999 2.50 96.62 5.34 5.37 5.39
50,000 and over 5,000,000 and over 2.00 96.12 5.37 5.40 5.42
</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
Connecticut Traditional Trust 1995 1996 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............. $ .6273(1) $ 5.0215
-------- $.4182 every month --------
Quarterly Distribution Plan........... $ .6273(1) $ 1.2627(2) $ 1.2627 $ 1.2627 $ 5.0535
Semi-Annual Distribution Plan......... $ .6273(1) $ 1.2681(3) $ 2.5362 $ 5.0725
- --------------------------------------------------------------------------------------------------------------------
<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 $.07 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 $.01394 per unit per day.
Consequently, on the first Record Date (08/01/95), accrued interest will total
$0.6273 per unit for the 45-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 08/01/95 is $.6273 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01394 Quarterly - $0.01403
Semi-Annual - $0.01409
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.
- --------------------------------------------------------------------------------
807
<PAGE>
- -------------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity of portfolio bonds is 23.1 years.
The first bond is scheduled to mature in March, 2012, with the last bond
maturity being March, 2029.
- -------------------------------------------------------
QUALITY OF PORTFOLIO AS RATED BY
STANDARD & POOR'S CORPORATION
OR MOODY'S INVESTORS SERVICES
- -------------------------------------------------------
<TABLE>
<S> <C> <C>
Rating Percent of Portfolio
Category Par Value
- --------------------------------------------------------------------
AAA 79%
AA 21
---
100%
</TABLE>
- -------------------------------------------------------
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.
- -------------------------------------------------------
UNITS OF THE TRUST ARE NOT DEPOSITS OR OBLIGATIONS OF, OR GUARANTEED OR ENDORSED
BY, ANY BANK AND ARE NOT FEDERALLY INSURED OR OTHERWISE PROTECTED BY THE FEDERAL
DEPOSIT INSURANCE CORPORATION, THE FEDERAL RESERVE BOARD OR ANY OTHER AGENCY AND
INVOLVE INVESTMENT RISK, INCLUDING THE POSSIBLE LOSS OF PRINCIPAL.
- -------------------------------------------------------
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
CALIFORNIA
INSURED
TRUST 249
Estimated Current Return
5.30% to 5.51%
as of 06/15/95
Estimated Long Term Return
5.38% to 5.60%
50,000 units in a
diversified $5,000,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
67064W 168 Monthly Payment Option
67064W 176 Quarterly Payment Option
67064W 184 Semi-Annual Payment Option
Registered in California
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, CALIFORNIA INSURED TRUST 249
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT JUNE 16, 1995
- --------------------------------------------------------------------------------
<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 California Educational Facilities Authority, Revenue and 2003 at 100 AAA Aaa
Refunding Bonds (St. Mary's College of California), Series
1993, 4.75% Due 10/1/20. (Original issue discount bonds
delivered on or about December 7, 1993 at a price of
87.017% of principal amount.)
750,000 State Public Works Board of the State of California, Lease 2003 at 102 AAA Aaa
Revenue Bonds (Department of Corrections), 1993 Series B
(California State Prison-Fresno County, Coalinga), 5.50%
Due 12/1/12.
750,000 Castaic Lake Water Agency (California), Refunding Revenue 2004 at 102 AAA Aaa
Certificates of Participation (Water System Improvement
Projects), Series 1994A, 6.00% Due 8/1/18.
750,000 City of Fresno, California, Health Facility Revenue Bonds, 2003 at 102 AAA Aaa
Series 1993B (Holy Cross Health System Corporation),
5.625% Due 12/1/15.
750,000 The City of Los Angeles (California), Wastewater System 2003 at 102 AAA Aaa
Revenue Bonds, Refunding Series 1993-C, 5.60% Due 6/1/20.
750,000 Department of Water and Power of The City of Los Angeles, 2003 at 102 AAA Aaa
California, Electric Plant Refunding Revenue Bonds, Second
Issue of 1993, 5.25% Due 11/15/26.
750,000 County of Sacramento, California (Sacramento County Public 2003 at 102 AAA Aaa
Facilities Financing Corporation), Refunding Certificates
of Participation (Sacramento Main Detention Facility
Project), 5.75% Due 6/1/15.
----------
$5,000,000
----------
----------
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
UNIT PRICE, ESTIMATED CURRENT RETURN AND ESTIMATED LONG TERM RETURN DEPEND ON
AMOUNT PURCHASED AND PAYMENT OPTION The sales charges/volume discounts below
apply on all concurrent purchases of any Nuveen trust units, unless any such
purchases are made by a class of investors for which a separate sales charge is
applicable as described more fully in the Prospectus. 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 % $ 100.37 5.30% 5.33% 5.35%
500-999 50,000-99,999 4.75 100.21 5.31 5.34 5.36
1,000-2,499 100,000-249,999 4.50 99.95 5.32 5.35 5.37
2,500-4,999 250,000-499,999 4.25 99.69 5.34 5.37 5.39
5,000-9,999 500,000-999,999 3.50 98.91 5.38 5.41 5.43
10,000-24,999 1,000,000- 2,499,999 3.00 98.40 5.41 5.44 5.46
25,000-49,999 2,500,000- 4,999,999 2.50 97.90 5.43 5.47 5.49
50,000 and over 5,000,000 and over 2.00 97.40 5.46 5.49 5.51
</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 % $ 100.37 5.38% 5.41% 5.43%
500-999 50,000-99,999 4.75 100.21 5.39 5.42 5.44
1,000-2,499 100,000-249,999 4.50 99.95 5.41 5.43 5.45
2,500-4,999 250,000-499,999 4.25 99.69 5.42 5.45 5.46
5,000-9,999 500,000-999,999 3.50 98.91 5.46 5.49 5.51
10,000-24,999 1,000,000- 2,499,999 3.00 98.40 5.49 5.52 5.54
25,000-49,999 2,500,000- 4,999,999 2.50 97.90 5.52 5.55 5.57
50,000 and over 5,000,000 and over 2.00 97.40 5.55 5.58 5.60
</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
California Insured Trust 1995 1996 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............. $ .6646(1) $ 5.3199
-------- $.4431 every month --------
Quarterly Distribution Plan........... $ .6646(1) $ 1.3374(2) $ 1.3374 $ 1.3374 $ 5.3519
Semi-Annual Distribution Plan......... $ .6646(1) $ 1.3419(3) $ 2.6838 $ 5.3709
- --------------------------------------------------------------------------------------------------------------------
<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 $.07 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 $.01477 per unit per day.
Consequently, on the first Record Date (08/01/95), accrued interest will total
$0.6646 per unit for the 45-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 08/01/95 is $.6646 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01477 Quarterly - $0.01486
Semi-Annual - $0.01491
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.
- --------------------------------------------------------------------------------
807
<PAGE>
- -------------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity of portfolio bonds is 23.1 years.
The first bond is scheduled to mature in December, 2012, with the last bond
maturity being November, 2026.
- -------------------------------------------------------
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.
- -------------------------------------------------------
UNITS OF THE TRUST ARE NOT DEPOSITS OR OBLIGATIONS OF, OR GUARANTEED OR ENDORSED
BY, ANY BANK AND ARE NOT FEDERALLY INSURED OR OTHERWISE PROTECTED BY THE FEDERAL
DEPOSIT INSURANCE CORPORATION, THE FEDERAL RESERVE BOARD OR ANY OTHER AGENCY AND
INVOLVE INVESTMENT RISK, INCLUDING THE POSSIBLE LOSS OF PRINCIPAL.
- -------------------------------------------------------
* 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
COLORADO
INSURED
TRUST 58
Estimated Current Return
5.08% to 5.29%
as of 06/15/95
Estimated Long Term Return
5.25% to 5.46%
35,000 units in a
diversified $3,500,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
6706E9 259 Monthly Payment Option
6706E9 267 Quarterly Payment Option
6706E9 275 Semi-Annual Payment Option
Registered in Colorado
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, COLORADO INSURED TRUST 58
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT JUNE 16, 1995
- --------------------------------------------------------------------------------
<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 Board of Trustees of the State Colleges in Colorado, 2004 at 101 AAA Aaa
Auxiliary Facilities System Enterprise Revenue Bonds,
Western State College of Colorado Project, Series C 1994,
5.625% Due 5/15/15.
500,000 Colorado Health Facilities Authority, Hospital Revenue Bonds 2003 at 102 AAA Aaa
(North Colorado Medical Center), Series 1993, 6.00% Due
5/15/20.
400,000 Colorado Health Facilities Authority Revenue Bonds, Series 2004 at 102 AAA Aaa
1994 (Sisters of Charity Health Care Systems, Inc.), 5.25%
Due 5/15/14.
250,000 School District No. 12, Adams County, Colorado (Adams Twelve 2005 at 100 AAA Aaa
Five Star Schools), General Obligation Bonds, Series
1995A, 0.00% Due 12/15/10. (Original issue discount bonds
delivered on or about June 15, 1995 at a price of 40.912%
of principal amount.)
500,000 City and County of Denver, Colorado, Airport System Revenue 2005 at 102 AAA Aaa
Bonds, Series 1995A, 5.70% Due 11/15/25. (When issued.)
500,000 Douglas County School District, Number RE.1, Douglas and 2004 at 101 AAA Aaa
Elbert Counties, Colorado, General Obligation Improvement
Bonds, Series 1994A, 6.50% Due 12/15/16.
500,000 Mesa County, Colorado, Revenue Bonds, Series 1994 (Sisters 2003 at 102 AAA Aaa
of Charity of Leavenworth Health Services Corporation),
5.00% Due 12/1/23. (Original issue discount bonds
delivered on or about February 2, 1994 at a price of
94.00% of principal amount.)
350,000 Municipal Subdistrict, Northern Colorado, Water Conservancy 2004 at 100 AAA Aaa
District, Water Revenue Refunding Bonds, Series E, 5.00%
Due 12/1/17.
----------
$3,500,000
----------
----------
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
UNIT PRICE, ESTIMATED CURRENT RETURN AND ESTIMATED LONG TERM RETURN DEPEND ON
AMOUNT PURCHASED AND PAYMENT OPTION The sales charges/volume discounts below
apply on all concurrent purchases of any Nuveen trust units, unless any such
purchases are made by a class of investors for which a separate sales charge is
applicable as described more fully in the Prospectus. 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 % $ 98.64 5.08% 5.11% 5.13%
500-999 50,000-99,999 4.75 98.49 5.09 5.12 5.14
1,000-2,499 100,000-249,999 4.50 98.23 5.10 5.13 5.15
2,500-4,999 250,000-499,999 4.25 97.97 5.11 5.15 5.16
5,000-9,999 500,000-999,999 3.50 97.21 5.15 5.19 5.21
10,000-24,999 1,000,000- 2,499,999 3.00 96.71 5.18 5.21 5.23
25,000-49,999 2,500,000- 4,999,999 2.50 96.22 5.21 5.24 5.26
50,000 and over 5,000,000 and over 2.00 95.72 5.23 5.27 5.29
</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 % $ 98.64 5.25% 5.28% 5.30%
500-999 50,000-99,999 4.75 98.49 5.26 5.29 5.31
1,000-2,499 100,000-249,999 4.50 98.23 5.27 5.30 5.32
2,500-4,999 250,000-499,999 4.25 97.97 5.29 5.31 5.33
5,000-9,999 500,000-999,999 3.50 97.21 5.33 5.36 5.38
10,000-24,999 1,000,000- 2,499,999 3.00 96.71 5.35 5.38 5.40
25,000-49,999 2,500,000- 4,999,999 2.50 96.22 5.38 5.41 5.43
50,000 and over 5,000,000 and over 2.00 95.72 5.41 5.44 5.46
</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
Colorado Insured Trust 1995 1996 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............. $ .6259(1) $ 5.0091
-------- $.4173 every month --------
Quarterly Distribution Plan........... $ .6259(1) $ 1.2600(2) $ 1.2600 $ 1.2600 $ 5.0411
Semi-Annual Distribution Plan......... $ .6259(1) $ 1.2645(3) $ 2.5290 $ 5.0601
- --------------------------------------------------------------------------------------------------------------------
<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 $.07 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 $.01391 per unit per day.
Consequently, on the first Record Date (08/01/95), accrued interest will total
$0.6259 per unit for the 45-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 08/01/95 is $.6259 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01391 Quarterly - $0.01400
Semi-Annual - $0.01405
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.
- --------------------------------------------------------------------------------
807
<PAGE>
- -------------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity of portfolio bonds is 23.4 years.
The first bond is scheduled to mature in December, 2010, with the last bond
maturity being November, 2025.
- -------------------------------------------------------
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.
- -------------------------------------------------------
UNITS OF THE TRUST ARE NOT DEPOSITS OR OBLIGATIONS OF, OR GUARANTEED OR ENDORSED
BY, ANY BANK AND ARE NOT FEDERALLY INSURED OR OTHERWISE PROTECTED BY THE FEDERAL
DEPOSIT INSURANCE CORPORATION, THE FEDERAL RESERVE BOARD OR ANY OTHER AGENCY AND
INVOLVE INVESTMENT RISK, INCLUDING THE POSSIBLE LOSS OF PRINCIPAL.
- -------------------------------------------------------
* 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.
