Van Kampen Municipal 1043 offers Insured Municipal Income units

By Toni Weeks

San Diego, Jan. 31 - Van Kampen Unit Trusts, Municipal Series 1043 is offering units of its Insured Municipals income Trust, Series 641, 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 insured tax-exempt municipal bonds.

On the trust's initial date of deposit, Jan. 31, there is $8,584,818 in contracts to purchase underlying securities, of which $7,875,000 represents the principal amount of bonds in the trust. The 9,114 units each have a public offering price of $994.91 and a net asset value of $941.94.

The estimated monthly current return is 4.21%, and the estimated long-term return is 3%. The estimated annual net interest income is $41.87 per unit.

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 26 years.

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