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Advisors Disciplined Trust 816 invests in small-cap companies
By Toni Weeks
San Diego, Feb. 15 - Advisors Disciplined Trust 816 is offering units of its Bahl & Gaynor Small Cap Growth and Income 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 capital appreciation and income by investing in a portfolio of stocks of small-capitalization companies. The portfolio was selected by portfolio consultant Bahl & Gaynor, Inc.
On the trust's inception date, Feb. 15, there is $149,201 of contracts to purchase underlying securities. The 15,071 units each have a public offering price of $10 and a net asset value of $9.655. The estimated net annual distribution per unit is $0.1055.
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 to 1.4% depending on the number of units purchased.
The trust has a termination date of May 23, 2013.
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