Guggenheim Series 897 registers Zacks Income Advantage units

By Tali David

Minneapolis, March 20 - Guggenheim Defined Portfolios, Series 897 has registered units of its Zacks Income Advantage Strategy Portfolio, Series 17, according to an S-6 filing with the Securities and Exchange Commission.

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

The trust will seek 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 have a public offering price of $10 per unit. 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 will terminate in roughly 15 months.

© 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.