Guggenheim Defined Portfolios, Series 849 registers units

By Toni Weeks

San Diego, Nov. 22 - Guggenheim Defined Portfolios, Series 849 has registered units of its Guggenheim U.S. High Dividend Strategy Portfolio (2-year), Series 1, 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 dividend income by investing in 25 securities representing companies that distribute significant dividends on a consistent basis.

On the Nov. 22 inception date, $149,520 in sponsor's contracts to purchase underlying securities comprised the trust. The 15,103 units have a public offering price of $10 and a net asset value of $9.525 per unit.

The units carry an initial sales fee of 3.95%, including 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 depending on the amount of the investment.

The trust's termination date is Nov. 15, 2013.

© 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.