Guggenheim Series 873 offers Covered Call, Diversified Income Wave units

By Tali David

Minneapolis, March 7 - Guggenheim Defined Portfolios, Series 873 is offering units of its Covered Call & Income Portfolio of CEFs, Series 30 and Diversified Income Wave Portfolio, Series 28, according to an S-6 amendment filed with the Securities and Exchange Commission.

The depositor is Lisle, Ill.-based Guggenheim Funds Distributors, Inc.

The Closed-End Covered Call & Income Trust seeks to provide current income and the potential for capital appreciation by investing at least 80% of the value of its assets in common shares of closed-end investment companies that are considered to be covered call funds and/or income funds.

On its March 7 inception date, $149,656 in contracts to purchase securities comprised the trust. The 15,117 units each have a public offering price of $10 and a net asset value of $9.625 per unit.

The Diversified Income Wave Trust seeks to provide current income and the potential for capital appreciation by investing in common shares of closed-end investment companies.

On its March 7 inception date, $149,025 in contracts to purchase securities comprised the trust. The 15,053 units each have a public offering price of $10 and a net asset value of $9.625 per unit.

Each unit carries a maximum sales fee of 2.95%, which is consists of an initial sales fee of 1%, a deferred sales fee of 1.45% and a creation and development fee of 0.5%. Sales charge reductions of up to 1.5% of the public offering price are available based on the amount of the investment.

The trusts have a mandatory termination date of June 7, 2013.

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