E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 11/29/2011 in the Prospect News Fund Daily.

Van Kampen Series 1166 invests in companies with attractive dividends

By Toni Weeks

San Diego, Nov. 29 - Van Kampen Unit Trusts, Series 1166 has registered units of its Global High Dividend Portfolio 2011-4, according to an S-6 amendment filed with the Securities and Exchange Commission.

The depositor is Houston-based Van Kampen Funds Inc.

The portfolio seeks above-average total return by investing in a portfolio of domestic stocks and American Depositary Receipts of companies that have the potential to pay attractive dividends.

As of the initial date of deposit, Nov. 23, $148,568 in contracts to purchase securities comprises the fund. The X units each have a public offering price of $10 and a net asset value of $9.655. The estimated net annual income is $0.44536 per unit.

Each unit will have a maximum sales charge of 2.95%, consisting of a 1% initial sales charge, a 1.45% deferred sales charge and a 0.5% creation and development fee. The sales charge may be reduced to 1.2% depending on the amount of investment.

The trust has a mandatory termination date of Feb. 22, 2013.


© 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.