Guggenheim Define Portfolios invests in REITs, common stocks

By Toni Weeks

San Diego, Oct. 19 - Guggenheim Define Portfolios, Series 829 has registered units of its series 5 Guggenheim REIT Portfolio, according to an S-6 amendment filed with the Securities and Exchange Commission.

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

The trust seeks to provide current income and the potential for capital appreciation by investing in a portfolio consisting of common stocks and preferred equity shares of real estate investment trusts. The investment strategy will focus on diversification, with regards to the property type and geographic location of the REIT's holdings, and dividend stability, which includes cash flow coverage, overall leverage levels and debt maturity schedules.

On the Oct. 19 inception date, the principal amount of the trust was $153,497, consisting of 15,505 units priced at $10 apiece and with a net asset value of $9.525 each.

The units carry a maximum sales fee of 3.95%, which consists of an initial sales fee of 1%, a deferred sales fee of 2.45% 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 roughly two years.

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