Advisors Disciplined Trust 805 offers Dividend Ruler Portfolio units

By Toni Weeks

San Diego, Jan. 26 - Advisors Disciplined Trust 805 is offering units of its Dividend Ruler Covered Call Portfolio, Series 2012-1Q, according to an S-6 amendment 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 of U.S. Treasury obligations as well as in common stock of foreign and domestic companies identified by UBS Financial Services Inc. as meeting criteria for "dividend ruler" stocks. This categorization applies to companies with a history of consistently increasing dividends along with earnings. The stocks are subject to a covered call option writing strategy.

On the trust's inception date, Jan. 26, there is $634,649 of contracts to purchase underlying securities. The 61,191 units each have a public offering price of $10 and a net asset value of $9.555.

The units have a maximum sales fee of 3.95%, consisting of a 1% initial sales fee, a 2.45% deferred sales fee and a 0.5% creation and development fee. The fee may be reduced on a sliding scale to 2.45% depending on the number of units purchased.

The trust has a termination date of Jan. 22, 2014.

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