Van Kampen Series 1183 offers units of its three portfolios

By Toni Weeks

San Diego, Jan. 20 - Van Kampen Unit Trusts, Series 1183 is offering units of its three portfolios, according to an S-6 amendment with the Securities and Exchange Commission.

The portfolios are the Closed-End Strategy - Senior Loan and Limited Duration Portfolio, Series 31, the Closed-End Strategy - Global Income Portfolio, Series 9 and the Closed-End Strategy - Diversified Credit Opportunities Portfolio, Series 5.

The depositor is Houston-based Van Kampen Funds Inc.

The Senior Loan and Limited Duration Portfolio seeks high current income by investing in closed-end funds that invest in senior corporate loans or other debt securities of limited duration, with duration measuring the sensitivity of a debt security's price to changes in interest rates, expressed in years.

On Jan. 20, the initial date of deposit, $148,922 of contracts to purchase securities comprised the trust. The 15,043 units have an initial offering price of $10 and a net asset value of $9.555 each. The estimated net annual income is $0.66466 per unit.

The Global Income Portfolio seeks above-average total return by investing in closed-end funds that invest in global equity and fixed-income securities of a variety of sectors and strategies.

On Jan. 20, the initial date of deposit, $148,825 of contracts to purchase securities comprised the trust. The 15,033 units have an initial offering price of $10 and a net asset value of $9.555 each. The estimated net annual income is $0.81884 per unit.

The Diversified Credit Opportunities Portfolio seeks above-average total return by investing in a portfolio of closed-end funds that invest in various global fixed-income securities.

On Jan. 20, the initial date of deposit, $148,966 of contracts to purchase securities comprised the trust. The 15,048 units have an initial offering price of $10 and a net asset value of $9.555 each. The estimated net annual income is $0.69617 per unit.

The trust has a maximum sales charge of 3.95%, consisting of a 1% initial sales charge, a 2.45% deferred sales charge and a 0.5% creation and development fee. The fee may be reduced on a sliding scale depending on the amount of the investment.

The trust has a mandatory termination date of Jan. 17, 2014.

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