Van Kampen Series 1180 offers units of 'Stocks for 2015' Portfolio

By Tali David

Minneapolis, Dec. 23 - Van Kampen Unit Trusts, Series 1180 is offering units of its "Stocks for 2015" Portfolio, according to an S-6 amendment with the Securities and Exchange Commission.

The depositor is Houston-based Van Kampen Funds Inc.

The portfolio seeks long-term capital appreciation by investing in common stocks of domestic and foreign companies, according to the filing.

On Dec. 23, the initial date of deposit, $787,392 of contracts to purchase securities comprised the trust. The 79,535 units have an initial offering price of $10 and a net asset value of $9.531 each. The estimated net annual income is $0.15552 per unit.

The trust has a maximum sales charge of 4.5%, which includes a 1% initial sales charge, a 3% deferred sales charge and a 0.5% creation and development fee. The fee may be reduced on a sliding scale to 2.9% depending on the amount of the investment.

The trust has a mandatory termination date of June 30, 2015.

© 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.