Flaherty & Crumrine Preferred Portfolio Series 14

matured

Deposit Date: 12/4/2008
Non-Reoffered Date: 1/21/2009
Termination Date: 11/13/2013

Performance

as of 11/13/2013

Trust

Cumulative Total Return1 Average Annual Total Return2
Distributions Reinvested 3 Month 6 Month YTD Since Inception 1 Year 3 Year 5 Year Since Inception
With Transactional Sales Charge (18386Y556) -4.67% 0.48% -3.14% 106.35% 0.28% 4.27% 15.78%
Without Transactional Sales Charge (18386Y572) -0.40% 5.08% 1.39% 115.96% 4.98% 5.92% 16.85%
Distributions Received in Cash
With Transactional Sales Charge (18386Y549) -4.67% 0.89% -2.62% 90.23% 0.68% 3.20% 13.89%
Without Transactional Sales Charge (18386Y564) -0.40% 5.51% 1.94% 99.09% 5.40% 4.84% 14.94%

Benchmark

   
ICE BofA Hybrid Preferred Securities 0.74% -4.70% -1.06% 63.77% -0.69% 3.94% 10.49%
to
Deposit Date: 12/4/2008
Non-Reoffered Date: 1/21/2009
Termination Date: 11/13/2013

Performance

between

Trust

Cumulative Total Return1 Average Annual Total Return2
Distributions Reinvested    
With Transactional Sales Charge (18386Y556) 106.35% 15.78%
Without Transactional Sales Charge (18386Y572) 115.96% 16.85%
Distributions Received in Cash    
With Transactional Sales Charge (18386Y549) 90.23% 13.89%
Without Transactional Sales Charge (18386Y564) 99.09% 14.94%

Benchmark

   
ICE BofA Hybrid Preferred Securities 63.77% 10.49%