Flaherty & Crumrine Preferred Portfolio Series 16

matured

Deposit Date: 3/17/2009
Non-Reoffered Date: 5/14/2009
Termination Date: 5/14/2014

Performance

as of 5/14/2014

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 (18387B753) 1.05% 2.76% 2.76% 95.96% 1.19% 3.69% 10.72% 13.92%
Without Transactional Sales Charge (18387B779) 3.31% 5.19% 5.17% 105.09% 4.97% 5.30% 11.75% 14.93%
Distributions Received in Cash
With Transactional Sales Charge (18387B746) 0.95% 2.42% 2.44% 68.65% -1.88% 1.15% 7.52% 10.66%
Without Transactional Sales Charge (18387B761) 3.21% 4.84% 4.85% 76.50% 1.79% 2.72% 8.52% 11.64%

Benchmark

   
ICE BofA Hybrid Preferred Securities 5.05% 8.39% 8.56% 116.01% 3.46% 5.02% 11.76% 16.09%
to
Deposit Date: 3/17/2009
Non-Reoffered Date: 5/14/2009
Termination Date: 5/14/2014

Performance

between

Trust

Cumulative Total Return1 Average Annual Total Return2
Distributions Reinvested    
With Transactional Sales Charge (18387B753) 95.96% 13.92%
Without Transactional Sales Charge (18387B779) 105.09% 14.93%
Distributions Received in Cash    
With Transactional Sales Charge (18387B746) 68.65% 10.66%
Without Transactional Sales Charge (18387B761) 76.50% 11.64%

Benchmark

   
ICE BofA Hybrid Preferred Securities 116.01% 16.09%