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Advisors Disciplined Trust 847 registers Strategic High 80 units
By Toni Weeks
San Diego, March 21 - Advisors Disciplined Trust 847 has registered units of its Strategic High 80 Dividend Portfolio, Series 2012-2Q, according to an S-6 filing with the Securities and Exchange Commission.
The depositor is Monument, Colo.-based Advisors Asset Management, Inc.
The trust will seek to provide above-average total return by investing in a portfolio consisting of 80 equity securities, with 50 selected using the High 50 Dividend Strategy, and 30 selected using the International High 30 Dividend Strategy. Both strategies are specialized dividend-oriented strategies that seek to provide above-average total return.
Each $10 unit will carry a maximum sales fee of 2.95%, which is comprised of an initial sales fee of 1%, a deferred sales fee of 1.45% and a creation and development fee of 0.5%. Sales charge reductions are available on a sliding scale to 1.4% based on the amount of the investment.
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