Guggenheim Series 881 offers Diversified Dividend & Income units

By Toni Weeks

San Diego, March 23 - Guggenheim Defined Portfolios, Series 881 is offering units of its Diversified Dividend & Income Portfolio, Series 15, 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 dividend income potential coupled with the potential for long-term capital appreciation by investing in a diversified portfolio of dividend-paying equity securities.

On its March 23 inception date, $150,352 in contracts to purchase securities comprised the trust. The 15,035 units each have a public offering price of $10 and a net asset value of $9.525 per unit.

The units each carry a maximum sales charge of up to 4.95%%, consisting of a 0.5% creation and development fee and a variable deferred sales fee of up to 4.45% that depends on the public offering price. Sales charge reductions of up to 1.5% of the public offering price are available, depending on the amount of the investment.

The trust has a mandatory termination date of March 26, 2014.

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