Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers G > Headlines for Guggenheim Funds Distributors, Inc > News item |
Guggenheim Series 850 registers International Dividend Strategy units
By Tali David
Minneapolis, Jan. 3 - Guggenheim Defined Portfolios, Series 850 registered units of its Guggenheim International Dividend Strategy Portfolio, Series 14, 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 total return primarily through capital appreciation and dividend income by investing in a diversified portfolio of international equity securities listed on major U.S. exchanges.
On the Jan. 3 inception date, $150,237 in contracts to purchase securities comprised the trust. The 15,175 units each have a public offering price of $10.00 and a net asset value of $9.625 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 on April 1, 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.