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Van Kampen Municipal 1067 offers Investment Grade Municipal units
By Tali David
Minneapolis, April 3 - Van Kampen Unit Trusts, Municipal Series 1067 is offering units of its Investment Grade Municipal Trust, Series 146, according to an S-6 amendment filed with the Securities and Exchange Commission.
The depositor is Houston-based Van Kampen Funds Inc.
The trust seeks to provide federal tax-exempt income and to preserve capital by investing in a portfolio of tax-exempt municipal bonds.
On the trust's initial date of deposit, April 3, there is $9,426,043 in contracts to purchase underlying securities, of which $8.96 million represents the principal amount of bonds in the trust. The 10,012 units each have a public offering price of $994.93 and a net asset value of $941.47.
The estimated monthly current return is 4.22% and the estimated long-term return is 3.64%. The estimated annual net interest income is $41.99 per unit.
Each unit will have a sales charge of 4.9%, which may be reduced depending on the amount of investment.
The weighted average maturity of the bonds in the trust is 27 years.
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