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Advisors Disciplined Trust 822 offers Navellier/Dial High Income units
By Toni Weeks
San Diego, Jan. 26 - Advisors Disciplined Trust 822 is offering units of its Advisors Corporate Trust-Navellier/Dial High Income Opportunities Portfolio, Series 44, 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 current income and capital preservation by investing in a portfolio of investment-grade corporate bonds. The portfolio was selected by Navellier & Associates, Inc. with assistance from Dial Capital Management, LLC.
On Jan. 26, the trust's inception date, $15,160,356 of contracts to purchase securities comprised the trust. The 15,710 units each have an initial offering price of $1,000, of which $916.61 represents the principal amount of securities, and a net asset value of $965.01. The estimated current return is 5.79%, and the estimated long-term return is 4.5%. The estimated net annual interest income per unit is $57.85.
Each unit carries a maximum sales fee of 3%, which may be reduced based on the number of units purchased.
The weighted average maturity of the securities is 5.38 years.
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