Van Kampen Unit Trusts series 1159 units hedge against inflation

By Toni Weeks

San Diego, Oct. 27 - Van Kampen Unit Trusts, Municipal series 1159 has registered units of its series 3 Inflation Hedge Portfolio, 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 above-average capital appreciation by investing in a portfolio of exchange-traded funds and closed-end investment companies that invest in domestic and foreign stocks, fixed-income securities, commodities, Treasury Inflation-Protected Securities, master limited partnerships and real estate investment trusts.

As of Oct. 27, the initial date of deposit, $149,679 of contracts to purchase securities comprised the trust. Each of the 15,120 units is priced at $10 and has a net asset value of $9.555.

The estimated net annual income is $0.57347 per unit.

Each unit will have a sales charge of 3.95%, consisting of a 1% initial sales charge, a 2.45% deferred sales charge and a 0.5% creation and development fee. The sales charge may be reduced to 2.45% on a sliding scale depending on the amount of investment.

The trust has a mandatory termination date of Oct. 24, 2013.

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