Which of the Following Is False About UITs and REITs

Which of the following is false about UITs and REITs?

A) Unit investment trusts have a fixed portfolio of securities that are held
Passively for an agreed-upon period of time, whereby assets are
Distributed among shareholders.
B) Real estate investment trusts are short-term real estate UITs for small investors.
C) A REIT is generally operated by a company that owns and manages real estate properties that produce income.
D) REITS in the U.S. must obey many regulations including the distribution of 90% of their taxable income as dividends to shareholders each year, have 75% of assets in real estate, cash, and government securities and
Have at least 75% of grow income from real estate investments and at least 100 shareholders.
E) None of the above.