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Guggenheim Series 897 registers Zacks Income Advantage units
By Tali David
Minneapolis, March 20 - Guggenheim Defined Portfolios, Series 897 has registered units of its Zacks Income Advantage Strategy Portfolio, Series 17, according to an S-6 filing with the Securities and Exchange Commission.
The depositor is Lisle, Ill.-based Guggenheim Funds Distributors, Inc.
The trust will seek to provide current income with the potential for capital appreciation by using a quantitative selection process developed by Zacks & Co. to determine the constituents of a final portfolio.
The units will have a public offering price of $10 per unit. Each unit carries a maximum sales fee of 2.95%, which is comprised of an initial sales fee of 1%, a deferred sales fee of 1.45% 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 in roughly 15 months.
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