Van Kampen Unit Trusts series 352 units invest in 10- to 20-year bonds

By Toni Weeks

San Diego, Oct. 21 - Van Kampen Unit Trusts, Taxable Income series 352 has registered units of its series 12 10- to 20-Year Investment-Grade Income Trust, according to an S-6 amendment filed with the Securities and Exchange Commission.

The depositor is Houston-based Van Kampen Funds Inc.

The trust seeks to provide a high level of current income and to preserve capital by investing in a portfolio of corporate bonds and taxable municipal bonds maturing in 10 to 20 years from the date of deposit. The bonds will include Build America bonds, Qualified School Construction bonds, Qualified Energy Conservation bonds and Clean Renewable Energy bonds.

The principal amount of bonds in the trust is $12.23 million. As of Oct. 21, each unit will have a principal amount of bonds of $844.26. The public offering price per unit is $994.98, and the bonds have an average weighted maturity of 18 years. Each unit will have a sales charge of 3.9%.

The estimated current return is 5.32%, and the estimated long-term return is 4.79%.

© 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.