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Advisors Disciplined Trust 807 offers Navellier/Dial High Income units
By Toni Weeks
San Diego, Dec. 9 - Advisors Disciplined Trust 807 has registered units of its Advisors Corporate Trust - Navellier/Dial High Income Opportunities Portfolio, Series 41, according to an S-6 amendment filed with the Securities and Exchange Commission.
The depositor is Monument, Colo.-based Advisors Asset Management, Inc.
The trust seeks current interest income and capital preservation by investing in a portfolio of primarily interest-bearing corporate debt obligations rated investment grade. The portfolio was selected by Navellier & Associates, Inc. with the assistance of Dial Capital Management, LLC.
On the trust's inception date, Dec. 9, there is $26,684,910 of contracts to purchase underlying securities. The 27,652 units each have a public offering price of $1,000, which reflects $940.26 in principal amount of securities per unit, and a net asset value of $965.03.
The estimated current return is 6.16%, and the estimated long-term return is 5.15%. The estimated net annual interest income per unit is $61.61.
The units have a maximum sales fee of 3%. The fee may be reduced on a sliding scale down to 1.5% depending on the number of units purchased.
The weighted average maturity of securities in the trust is 5.33 years.
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