Flaherty & Crumrine Preferred Portfolio Series 22

matured

Deposit Date: 4/6/2010
Non-Reoffered Date: 9/10/2010
Termination Date: 5/13/2015

Performance

as of 5/13/2015

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 (18387L314) -2.33% -0.33% -1.20% 30.43% 1.93% 5.06% 5.95% 5.34%
Without Transactional Sales Charge (18387L330) 0.61% 2.66% 1.75% 36.51% 5.45% 6.64% 6.91% 6.29%
Distributions Received in Cash
With Transactional Sales Charge (18387L306) -2.31% -0.34% -1.20% 16.89% 1.17% 2.32% 3.67% 3.10%
Without Transactional Sales Charge (18387L322) 0.62% 2.64% 1.76% 22.33% 4.67% 3.86% 4.61% 4.03%

Benchmark

   
ICE BofA Hybrid Preferred Securities 0.42% 2.86% 2.30% 42.01% 7.22% 6.45% 7.57% 7.11%
to
Deposit Date: 4/6/2010
Non-Reoffered Date: 9/10/2010
Termination Date: 5/13/2015

Performance

between

Trust

Cumulative Total Return1 Average Annual Total Return2
Distributions Reinvested    
With Transactional Sales Charge (18387L314) 30.43% 5.34%
Without Transactional Sales Charge (18387L330) 36.51% 6.29%
Distributions Received in Cash    
With Transactional Sales Charge (18387L306) 16.89% 3.10%
Without Transactional Sales Charge (18387L322) 22.33% 4.03%

Benchmark

   
ICE BofA Hybrid Preferred Securities 42.01% 7.11%