Advisors Disciplined Trust 844 offers Navellier/Dial High Income Opportunities, Series 48 units

By Tali David

Minneapolis, March 27 - Advisors Disciplined Trust 844 is offering units of its Advisors Corporate Trust - Navellier/Dial High Income Opportunities Portfolio, Series 48, 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 monthly distributions of interest income and capital preservation by investing in a portfolio primarily consisting of investment grade interest-bearing corporate debt obligations.

On March 27, the trust's inception date, $17,706,083 of contracts to purchase securities comprised the trust. The 18,348 units have an initial offering price of $1,000 and a net asset value of $965.01 each. The estimated current return is 5.86% and the estimated long-term return is 4.12%. The estimated net annual interest income per unit is $58.56.

Each unit carries a maximum sales fee of 3%. The fee may be reduced to 1.5% depending on the number of units purchased.

The weighted average maturity of the securities is 5.46 years.

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