Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Advisors Asset Management, Inc. > News item |
Advisors Disciplined Trust 769 registers 'dividend ruler' units
By Toni Weeks
San Diego, Oct. 21 - Advisors Disciplined Trust 769 has registered units of its series 2011D Dividend Ruler Portfolio, according to an S-6 amendment filed with the Securities and Exchange Commission.
The depositor is Monument, Colo.-based Advisors Asset Management, Inc.
The trust seeks to provide above average total return through dividend income and capital appreciation by investing in a portfolio of common stocks of foreign and domestic companies identified by UBS Financial Services Inc. as meeting criteria for "dividend ruler" stocks. These stocks have a history of consistently increasing dividends along with earnings.
As of the Oct. 21 inception date, $148,496 is the principal amount of the trusts. The initial 15,000 units will be priced at $10 apiece, each with a net asset value of $9.655. The minimum investment is $1,000, or 100 units. The estimated net annual distribution is $0.296 per unit.
The maximum total sales fee is 2.95%, which is comprised of a 1% initial sales fee, a 1.5% deferred sales fee and a 0.45% creation and development fee. The fee may decrease on a sliding scale to 1.4% as the number of units purchased increases.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.