Advisors Disciplined Trust 789 units selected with two strategies

By Toni Weeks

San Diego, Jan. 5 - Advisors Disciplined Trust 789 is offering units of its Strategic High 50/Q-50 Dividend and Growth Portfolio, Series 2012-1Q, 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 income and potential for growth by investing in a portfolio that was selected using two strategies: the High 50 Dividend strategy and the Nasdaq Q-50 Index strategy.

On the trust's inception date, Jan. 5, $148,304 in contracts to purchase underlying securities comprises the trust. The 14,980 units each have a public offering price of $10 and a net asset value of $9.655. The estimated net annual distribution is $0.28 per unit.

The units have a maximum sales fee of 2.95%, consisting of a 1% initial sales fee, a 1.45% deferred sales fee and a 0.5% 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 April 5, 2013.

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