Advisors Disciplined Trust changes concession rates for broker-dealers

By Toni Weeks

San Diego, Oct. 3 - Advisors Disciplined Trust changed its volume concessions that are based on total initial offering period sales of all volume concession A trusts during a calendar quarter, according to a filing with the Securities and Exchange Commission.

The new volume concession rates are as follows:

• 0.000% for less than $10 million;

• 0.050% for $10 million to less than $25 million;

• 0.100 for $25 million to less than $50 million;

• 0.110% for $50 million to less than $100 million;

• 0.125% for $100 million to less than $250 million;

• 0.135% for $250 million to less than $500 million; and

• 0.150% for $500 million or more.

In comparison, the old volume concession rates are as follows:

• 0.000% for less than $5 million;

• 0.050% for $5 million to less than $10 million;

• 0.075% for $10 million to less than $25 million;

• 0.100% for $25 million to less than $50 million;

• 0.110% for $50 million to less than $75 million;

• 0.120% for $75 million to less than $100 million;

• 0.130% for $100 million to less than $250 million;

• 0.140% for $250 million to less than $500 million;

• 0.150% for $500 million to less than $750 million;

• 0.160% for $750 million to less than $1 billion;

• 0.170% for $1 billion to less than $1.25 billion; and

• 0.175% for $1.25 billion or more.

In addition, the company said that broker-dealer firms will not receive additional compensation unless they sell at least $10 million of units of volume concession A trusts during a calendar quarter. Previously, broker-dealer firms needed to sell at least $5 million of units to receive the additional compensation.

The trust invests in a diversified portfolio consisting of two equally weighted components, the High 50 Dividend Strategy and the Tactical Income Closed-End Strategy, and is based in Monument, Colo.

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