Advisors Disciplined Trust 737 invests in dividend ruler ADRs

By Toni Weeks

San Diego, Oct. 26 - Advisors Disciplined Trust 737 has registered units of its series 2011-4Q Dividend Ruler Covered Call 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 income and limited capital appreciation by investing in a portfolio consisting of common stock of foreign and domestic companies identified by UBS Financial Services Inc. as meeting criteria for "dividend ruler" stocks. Those stocks, which are in the form of American Depositary Receipts, have a history of consistently increasing dividends along with earnings.

The trust's inception date is Oct. 26. As of that date, contracts to purchase underlying securities equaled $652,038. Each of the 63,019 units is being offered at $10.

The maximum sales fee is 3.95%, consisting of a 1% initial sales fee, a 2.35% deferred sales fee and a 0.6% creation and development fee. The sales fee may reduce down to 2.45% based on the amount of investment.

The fund's termination date is Jan. 23, 2013.

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