Guggenheim Series 882 offers Flaherty & Crumrine Preferred units

By Toni Weeks

San Diego, Feb. 9 - Guggenheim Defined Portfolios, Series 882 is offering units of its Flaherty & Crumrine Preferred Portfolio, Series 27, according to an S-6 amendment filed with the Securities and Exchange Commission.

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

The trust seeks to provide high current income with a secondary objective of capital appreciation by investing in a diversified portfolio of exchange-listed preferred stocks, trust preferred securities and baby bonds selected from Flaherty's preferred securities database and internally generated credit research.

On its Feb. 9 inception date, the trust comprised $150,284 in contracts to purchase securities. The 15,180 units each have a public offering price of $10 and a net asset value of $9.525 per unit.

Each unit carries a maximum sales fee of 3.95%, which comprises an initial sales fee of 1%, a deferred sales fee of 2.45% 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 trust has a mandatory termination date of May 14, 2014.

© 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.