Guggenheim's series 832 portfolio invests in convertible funds

By Toni Weeks

San Diego, Oct. 26 - Guggenheim Defined Portfolios, Series 832 has registered units of its series 14 Convertible and Income Portfolio of Funds, 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 current income and the potential for capital appreciation. Under normal circumstances, it will invest at least 80% of its assets in common shares of closed-end investment companies considered to be convertible funds and/or income funds and shares of exchange-traded funds that invest its assets in convertible securities.

On the Oct. 26 inception date, the trust is comprised of $150,165 in sponsor's contracts to purchase the underlying securities. Each of the 15,168 units is priced at $10 and has a net asset value of $9.525.

The units carry 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 1.5% of the public offering price are available based on the amount of the investment.

The trust is scheduled to terminate on Oct. 13, 2013.

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