Advisors Disciplined Trust 809 offers Navellier/Dial High Income units

By Toni Weeks

San Diego, Jan. 13 - Advisors Disciplined Trust 809 is offering units of its Advisors Corporate Trust - Navellier/Dial High Income Opportunities Portfolio Series 43, 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 current interest income and capital preservation by investing in a portfolio consisting primarily of interest-bearing corporate debt obligations rated investment-grade quality as of the trust's inception. The portfolio was selected by Navellier & Associates, Inc. with assistance from Dial Capital Management, LLC.

On the trust's inception date, Jan. 13, there is $23,086,740 of contracts to purchase underlying securities. The 23,924 units each have a public offering price of $1,000, of which $915.40 reflects the principal amount of securities per unit, and a net asset value of $965.

The estimated current return is 6.08%, and the estimated long-term return is 4.61%. The estimated net annual interest income per unit is $60.75.

The units have a maximum sales fee of 3%. The fee may be reduced on a sliding scale to 1.5% depending on the number of units purchased.

The weighted average maturity of securities in the trust is 5.28 years.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.