Van Kampen Series 1037 offers Investors' Quality Tax-Exempt units

By Tali David

Minneapolis, Dec. 19 - Van Kampen Unit Trusts, Municipal Series 1037 is offering units of its Investors' Quality Tax-Exempt Trust, Series 154, according to an S-6 amendment with the Securities and Exchange Commission.

The depositor is Houston-based Van Kampen Funds Inc.

The trust seeks to provide federal tax-exempt income and to preserve capital by investing in a portfolio of municipal bonds.

On the trust's inception date, Dec. 19, there is $14,331,472 in contracts to purchase underlying securities. The 15,199 units each have a public offering price of $994.98 and a net asset value of $942.92.

The estimated monthly current return is 4.41%, and the estimated long-term return is 4.12%. The estimated annual net interest income is $43.83.

Each unit will have a sales charge of 4.9%, which may be reduced depending on the amount of investment.

The weighted average maturity of the bonds in the trust is 27 years.

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