Van Kampen series 1024 registers 50th Limited Maturity Series units

By Toni Weeks

San Diego, Nov. 2 - Van Kampen Unit Trusts, series 1024 has registered units of its Quality Municipals Income Trust, 50th Limited Maturity Series, 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 federal tax-exempt income by investing in a portfolio of municipal bonds whose interest is excludable from gross income for federal personal income tax purposes.

As of the Nov. 1 initial date of deposit, the trust has $5.59 million principal amount of bonds in the trust, consisting of 6,238 units. The net asset value of each unit is $945.75.

The estimated annual net income is $41.00 per unit.

Each unit will have a sales charge of 3.9%. There are sales charge reductions available depending on the amount of investment.

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