Van Kampen Series 1188 offers units from five portfolios

By Tali David

Minneapolis, Feb. 7 - Van Kampen Unit Trusts, Series 1188 is offering units of its five portfolios, according to an S-6 amendment with the Securities and Exchange Commission.

The depositor is Houston-based Van Kampen Funds Inc.

The portfolios include the REIT Income Portfolio 2012-1, the Diversified Healthcare Portfolio, Series 58, the Energy Portfolio, Series 41, the Financial Institutions Portfolio, Series 53 and the Utility Income Portfolio, Series 38.

The REIT Income Portfolio seeks high current income by investing in a portfolio of dividend-paying real estate investment trusts selected by Cohen & Steers Capital Management, Inc., the portfolio consultant.

On the trust's Feb. 7 inception date, there is $148,808 in contracts to purchase underlying securities. The 15,032 units each have a public offering price of $10 and a net asset value of $9.555. The estimated net annual income is $0.25109 per unit.

The Diversified Healthcare Portfolio seeks capital appreciation by investing in a portfolio primarily consisting of stocks of companies diversified within the health care industry.

On the trust's Feb. 7 inception date, there is $148,190 in contracts to purchase underlying securities. The 14,969 units each have a public offering price of $10 and a net asset value of $9.555. The estimated net annual income is $0.14114 per unit.

The Energy Portfolio seeks to provide capital appreciation and dividend income by investing in stocks of energy companies. The energy sector is one of the elements of the S&P 500 Index, currently representing approximately 12% of the market value of that index.

On the trust's Feb. 7 inception date, there is $149,193 in contracts to purchase underlying securities. The 15,070 units each have a public offering price of $10 and a net asset value of $9.553. The estimated net annual income is $0.1656 per unit.

The Financial Institutions Portfolio seeks capital appreciation by investing in a portfolio of stocks issued by companies diversified within the financial services industry.

On the trust's Feb. 7 inception date, there is $149,215 in contracts to purchase underlying securities. The 15,073 units each have a public offering price of $10 and a net asset value of $9.555. The estimated net annual income is $0.20145 per unit.

The Utility Income Portfolio seeks dividend income with the potential for capital appreciation by investing in a portfolio of stocks of companies diversified within the utility industry.

On the trust's Feb. 7 inception date, there is $148,426 in contracts to purchase underlying securities. The 14,993 units each have a public offering price of $10 and a net asset value of $9.586. The estimated net annual income is $0.38356 per unit.

Each unit will have 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 to 2.45% depending on the amount of investment.

The trust has a mandatory termination date of Feb. 11, 2014.

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