| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers G > Headlines for Guggenheim Funds Distributors, Inc > News item |
Guggenheim Series 875 offers units of its two portfolios
By Toni Weeks
San Diego, March 14 - Guggenheim Defined Portfolios, Series 875 is offering units of its Covered Call & Income Portfolio of Closed-End Funds, Series 27 and its Diversified Income Wave Portfolio, Series 29, according to an S-6 amendment filed with the Securities and Exchange Commission.
The depositor is Lisle, Ill.-based Guggenheim Funds Distributors, Inc.
The Covered Call & Income trust seeks to provide current income and the potential for capital appreciation by investing at least 80% of its assets in common shares of closed-end investment companies that are considered to be covered call funds and/or income funds.
On its March 14 inception date, $152,127 in contracts to purchase securities comprised the trust. The 15,367 units each have a public offering price of $10 and a net asset value of $9.525 per unit.
Each unit carries 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 Diversified Income Wave trust seeks to provide current income and the potential for capital appreciation by investing in common shares of closed-end investment management companies from different asset classes.
On its March 14 inception date, $151,065 in contracts to purchase securities comprised the trust. The 15,106 units each have a public offering price of $10 and a net asset value of $9.525 per unit.
Each unit carries a maximum sales fee of up to 4.45%, which is comprised of a creation and development fee of 0.5% and a deferred sales fee of up to 3.95% that will vary based on the public offering price. Sales charge reductions of up to $0.15 per unit are available based on the amount of the investment.
The trusts have a mandatory termination date of June 11, 2014.
© 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.