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Van Kampen Series 1169 registers Conservative Income Allocation units
By Toni Weeks
San Diego, Dec. 2 - Van Kampen Unit Trusts, Series 1169 has registered units of its Conservative Income Allocation Portfolio, Series 10, 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 to provide high current income by investing in a portfolio of closed-end investment companies and exchange-traded funds that invest in various investment-grade and/or short-duration fixed-income securities.
As of the initial date of deposit, Dec. 2, $148,512 in contracts to purchase securities comprises the fund. The 15,002 units each have a public offering price of $10 and a net asset value of $9.65. The estimated net annual income is $0.51826 per unit.
Units will have a maximum sales charge of 3%, consisting of a 1% initial sales charge, a 1.5% deferred sales charge and a 0.5% creation and development fee. The sales charge may be reduced to 2.4% depending on the amount of investment.
The trust has a mandatory termination date of March 2, 2017.
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