Guggenheim Series 883 registers Zacks International Income units

By Tali David

Minneapolis, Feb. 6 - Guggenheim Defined Portfolios, Series 883 has registered units of its Zacks International Income Advantage Strategy Portfolio, Series 1, according to an S-6 filing with the Securities and Exchange Commission.

The depositor is Lisle, Ill.-based Guggenheim Funds Distributors, Inc.

The trust seeks to provide current income with the potential for capital appreciation by using a quantitative selection process developed by Zacks & Co. to determine the constituents of a final portfolio.

The units will each have an initial offering price of $10. Each unit carries a maximum sales fee of 2.95%, which is comprised of an initial sales fee of 1%, a deferred sales fee of 1.45% and a creation and development fee of 0.5%. Sales charge reductions of up to 1.5% of the public offering price are available based on the amount of the investment.

The trust is scheduled to terminate in about 15 months.

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