Advisors Disciplined Trust 830 offers Dividend Income Value units

By Tali David

Minneapolis, March 16 - Advisors Disciplined Trust 830 is offering units of Dividend Income Value Strategy Portfolio, Series 2012-1Q, according to an S-6 filed with the Securities and Exchange Commission.

The depositor is Monument, Colo.-based Advisors Asset Management, Inc.

The trust seeks to provide total return, dividend income and capital appreciation by investing in a portfolio consisting of the 10 highest-yielding stocks in the Dow Jones industrial average and the 15 highest-yielding stocks from a portion of the Standard & Poor's Industrials Index. The stocks were selected by using the Value Ten Strategy and the Value S&P Industrials Strategy.

On March 16, the trust's inception date, $148,626 of contracts to purchase securities comprised the trust. The 15,013 units have an initial offering price of $10 and a net asset value of $9.655 each. The estimated net annual distribution is $0.3080 per unit.

Each unit carries a maximum sales fee of 2.95%, which is comprised of an initial sales fee of 1%, a deferred sales fee of 1.5% and a creation and development fee of 0.45%. The fee may be reduced on a sliding scale to 1.4% depending on the number of units purchased.

The trust has a mandatory termination date of June 19, 2013.

© 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.