Van Kampen's Taxable Income Series 358 registers units

By Toni Weeks

San Diego, Nov. 18 - Van Kampen Unit Trusts, Taxable Income Series 358 registered units of its Investment-Grade Income Trust, 7+ Year Series 12 portfolio, according to an S-6 amendment filed with the Securities and Exchange Commission.

The depositor is Houston-based Van Kampen Funds Inc.

The trust seeks a high level of current income and the preservation of capital by investing in a portfolio of intermediate-term corporate bonds and taxable municipal bonds maturing in about 10 to 20 years. The bonds may include Build America Bonds, Qualified School Construction Bonds, Qualified Energy Conservation Bonds and Clean Renewable Energy Bonds.

Each unit will have a sales charge of 3%, which may be reduced depending on the amount of investment.

No other information was given in the filing.

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