Guggenheim Defined Portfolios, Series 834 registers units

By Toni Weeks

San Diego, Nov. 9 - Guggenheim Defined Portfolios, Series 834 has registered units of its four portfolios, according to an S-6 amendment filed with the Securities and Exchange Commission.

The depositor is Lisle, Ill.-based Guggenheim Funds Distributors, Inc.

The unit investment trust's four portfolios are the Infrastructure and MLP Portfolio of CEFs, Series 11, the Covered Call and Income Portfolio of CEFs, Series 25, the National Municipal Portfolio of CEFs, Series 20 and the Senior Loan and Income Portfolio of CEFs, Series 17.

All of the units will have a public offering price of $10, with a net asset value of $9.525 each. The trust's termination date is Nov. 13, 2013.

The Infrastructure and MLP Portfolio of CEFs, Series 11 seeks to maximize total return with an emphasis on current distributions, portions of which may comprise a tax-deferred return of capital, by investing in common shares of closed-end investment companies that invest primarily in infrastructure assets, equities and other income-producing securities. Infrastructure assets may include oil and gas pipelines, energy-related companies, transportation services, telecommunications equipment, utilities, gas distribution and water. On the Nov. 9 inception date, 15,267 units and $151,139 of sponsor's contracts to purchase underlying securities comprised the trust.

The Covered Call and Income Portfolio of CEFs, Series 25 seeks to provide current income and the potential for capital appreciation by investing at least 80% of value of assets in common shares of closed-end investment companies that are considered to be covered call funds and/or income funds. The closed-end funds may contain portfolios concentrated in high-yield bonds. On the Nov. 9 inception date, 15,248 units and $150,960 of sponsor's contracts to purchase underlying securities comprised the trust.

The National Municipal Portfolio of CEFs, Series 20 seeks to provide high current income and the potential for capital appreciation. The trust contains common shares of closed-end investment companies, the majority of which contain portfolios concentrated in investment-grade, tax-free municipal bonds. On the Nov. 9 inception date, 15,210 units and $150,580 of sponsor's contracts to purchase underlying securities comprised the trust.

The Senior Loan and Income Portfolio of CEFs, Series 17 seeks to provide high current income and the potential for capital appreciation by investing at least 80% of the value of its assets in common shares of closed-end investment companies that are considered to be senior loan funds and/or income funds. On the Nov. 9 inception date, 15,282 units and $151,294 of sponsor's contracts to purchase underlying securities comprised the trust.

All of the units carry an initial sales fee of 3.95%, including 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 depending on the amount of the investment.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.