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Advisors Disciplined Trust 788 offers High 50 Dividend Strategy units
By Toni Weeks
San Diego, Dec. 16 - Advisors Disciplined Trust 788 is offering units of its High 50 Dividend Strategy Portfolio, Series 2011-4Q, 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 above-average capital return by investing in a portfolio of 50 stocks selected using a specialized dividend-oriented strategy.
On the trust's inception date, Dec. 16, there was $148,091 in contracts to purchase underlying securities. The 14,959 units each have a public offering price of $10 and a net asset value of $9.655. The estimated net annual distribution is $0.5784.
The units have a maximum sales fee of 2.95%, consisting of a 1% initial sales fee, a 1.35% deferred sales fee and a 0.6% creation and development fee. The fee may be reduced on a sliding scale down to 1.4% depending on the number of units purchased.
The trust has a termination date of March 20, 2013.
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