Flaherty & Crumrine Preferred Portfolio Series 21

matured

Deposit Date: 12/18/2009
Non-Reoffered Date: 4/6/2010
Termination Date: 11/12/2014

Performance

as of 11/12/2014

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 (18387K357) 1.02% 2.19% 6.03% 34.69% 5.21% 4.28% 6.26%
Without Transactional Sales Charge (18387K373) 1.99% 3.17% 9.15% 40.97% 8.38% 5.86% 7.25%
Distributions Received in Cash
With Transactional Sales Charge (18387K340) 0.95% 2.09% 2.46% 20.83% 1.54% 1.52% 3.93%
Without Transactional Sales Charge (18387K365) 1.92% 3.07% 5.47% 26.46% 4.60% 3.06% 4.90%

Benchmark

   
ICE BofA Hybrid Preferred Securities 2.88% 4.21% 13.03% 46.88% 12.81% 7.03% 8.15%
to
Deposit Date: 12/18/2009
Non-Reoffered Date: 4/6/2010
Termination Date: 11/12/2014

Performance

between

Trust

Cumulative Total Return1 Average Annual Total Return2
Distributions Reinvested    
With Transactional Sales Charge (18387K357) 34.69% 6.26%
Without Transactional Sales Charge (18387K373) 40.97% 7.25%
Distributions Received in Cash    
With Transactional Sales Charge (18387K340) 20.83% 3.93%
Without Transactional Sales Charge (18387K365) 26.46% 4.90%

Benchmark

   
ICE BofA Hybrid Preferred Securities 46.88% 8.15%