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Guggenheim's Series 852 offers California, New Jersey portfolios
By Toni Weeks
San Diego, Jan. 11 - Guggenheim Defined Portfolios, Series 852 is offering units of its California Municipal Portfolio of CEFs, Series 6 and its New Jersey Municipal Portfolio of CEFs, Series 9, according to an S-6 amendment filed with the Securities and Exchange Commission.
The depositor is Lisle, Ill.-based Guggenheim Funds Distributors, Inc.
Both trusts seek to provide current income and the potential for capital appreciation.
The California trust contains common shares of closed-end funds, the majority of which contain portfolios that are concentrated in California Municipal bonds that are rated investment grade by at least one nationally recognized statistical rating organization.
On the Jan. 11 inception date $150,142 in contracts to purchase securities comprised the trust. The 15,166 units each have a public offering price of $10.00 and a net asset value of $9.525 per unit.
The New Jersey trust contains common shares of closed-end funds, the majority of which contain portfolios that are concentrated in New Jersey municipal bonds that are rated investment grade by at least one NRSRO.
On the Jan. 11 inception date $150,197 in contracts to purchase securities comprised the trust. The 15,171 units each have a public offering price of $10.00 and a net asset value of $9.525 per unit.
Each unit carries a maximum sales fee of 3.95%, which consists of an initial sales charge 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 will terminate on Jan. 15, 2014.
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