Van Kampen Series 1197 registers Conservative Income Allocation units

By Tali David

Minneapolis, Jan. 25 - Van Kampen Unit Trusts, Series 1197 has registered units of its Conservative Income Allocation Portfolio, Series 11, according to an S-6 filing with the Securities and Exchange Commission.

The depositor is Houston-based Van Kampen Funds Inc.

The portfolio will seek to provide high current income by investing in a portfolio of closed-end investment companies and exchange-traded funds that invest in various investment grade and/or short-duration fixed income securities.

Each unit will have an initial offering price of $10. The units will carry a maximum sales charge of 3%, consisting of a 1% initial sales charge, a 1.5% deferred sales charge and a 0.5% creation and development fee. The fee may be reduced on a sliding scale to 2.4% depending on the amount of investment.

The trust will have an initial date of deposit in March.

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