Van Kampen series 355 portfolio consists of bonds due in 10-20 years

By Toni Weeks

San Diego, Nov. 2 - Van Kampen Unit Trusts, series 355 has registered units of its 10-20 Year series 13 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 about 10 to 20 years from the date of deposit. The portfolio may include Build America Bonds, Qualified School Construction Bonds, Qualified Energy Conservation Bonds and Clean Renewable Energy Bonds.

As of the initial date of deposit, Nov. 2, the contracts to purchase bonds equal $14,300,735. The public offering price of each of the 15,006 units is $994.94, and the net asset value is $953.00 per unit.

The estimated current return is 5.16% per month, and the estimated long-term return is 4.49% per month. The estimated annual net interest income is $51.34 per unit.

Each unit will have a sales charge of 3.9%. Sales charge reductions may apply, depending on the amount of the investment.

© 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.