Advisors Disciplined Trust 817 offers Confluence Hard Assets units

By Tali David

Minneapolis, Feb. 23 - Advisors Disciplined Trust 817 is offering units of its Confluence Hard Assets Portfolio, Series 2012-1, according to an S-6 filed with the Securities and Exchange Commission.

The depositor is Monument, Colo.-based Advisors Asset Management, Inc.

The trust seeks to provide capital appreciation by investing in a portfolio primarily consisting of stocks of companies involved in the mining, extraction and/or cultivation of "hard assets," which may include precious metals, mining, energy and forest products.

On Feb. 23, the trust's inception date, $148,522 of contracts to purchase securities comprised the trust. The 15,002 units have an initial offering price of $10 and a net asset value of $9.555 each. The estimated net annual distributions are $0.0844 for the first year and $0.0828 for the second year.

Each unit carries a maximum sales fee of 3.95%, which is comprised 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 2.45% of the public offering price are available based on the amount of the investment.

The trust has a mandatory termination date of Feb. 19, 2014.

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