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Guggenheim Series 880 registers Global High Dividend and Growth units
By Toni Weeks
San Diego, Feb. 10 - Guggenheim Defined Portfolios, Series 880 has registered units of its Guggenheim Global High Dividend and Growth Blueprints Select Portfolio, Series 4, according to an S-6 filing with the Securities and Exchange Commission.
The depositor is Lisle, Ill.-based Guggenheim Funds Distributors, Inc.
The trust will seek to provide current income with the potential for capital appreciation by utilizing three equally weighted quantitative strategies to select 100 securities for the portfolio. The strategies are the Guggenheim ABC High Dividend, the Guggenheim Inflation Defense and Dividend Strategy and Zacks Income Advantage Strategy.
Each $10 unit will carry a maximum sales charge of 2.95%, consisting of a 1% initial sales fee, a 1.45% deferred sales fee and a 0.5% creation and development fee. Sales charge reductions of up to 1.5% of the public offering price are available based on the amount of the investment.
The trust will terminate in about 15 months.
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