Littlejohn

Littlejohn & Co., Llc is a company that specializes in issuing unit investment trusts or face-amount certificates. They also issue shares that do not require redemption by the company upon request of the security holder. Unit investment trusts are organized under a trust indenture, contract of custodianship or agency, or similar instrument. They do not have a board of directors and only issue securities that are redeemable at the request of the security holder. Face-amount certificates are essentially obligations of the issuing company to pay a fixed sum at a specified maturity date and usually require periodic payments by the purchaser.