Advisors Disciplined Trust 827 offers Variable Rate and Income units

By Tali David

Minneapolis, March 6 - Advisors Disciplined Trust 827 is offering units of its Senior Variable Rate and Income Closed-End Portfolio 2-Year, Series 2012-1, according to an S-6 filed with the Securities and Exchange Commission.

The depositor is Monument, Colo.-based Advisors Asset Management, Inc.

The trust seeks to provide high current income by investing in a portfolio primarily consisting of common stock of closed-end investment companies that invest in senior corporate loans or other income-producing securities.

On March 6, the trust's inception date, $148,705 of contracts to purchase securities comprised the trust. The 15,021 units have an initial offering price of $10 and a net asset value of $9.555 each. The units have an estimated net annual distribution of $0.6395 for the first year and $0.6269 for the second year.

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%. The sales charge may be reduced on a sliding scale to 2.45% based on the amount of the investment.

The trust has a mandatory termination date of March 6, 2014.

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