E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 1/20/2012 in the Prospect News Fund Daily.

Van Kampen Unit Trusts, Municipal Series 1045 offers units

By Toni Weeks

San Diego, Jan. 20 - Van Kampen Unit Trusts, Municipal Series 1045 is offering units of its Investors' Quality Tax-Exempt Trust, Series 156, 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 federal tax-exempt income and the preservation of capital by investing in a portfolio of tax-exempt municipal bonds.

On the initial date of deposit, Jan. 20, $11,531,843 of contracts to purchase bonds comprised the trust, of which $10,885,000 represents the principal amount of bonds in the trust. Each of the 12,236 units has a public offering price of $994.93 and net asset value of $942.45.

The estimated annual net interest income is $41.49 per unit. The estimated current return is 4.17% and the estimated long-term return is 3.47%.

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 bonds in the portfolio is 27 years.


© 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.