Advisors Disciplined Trust 769 registers 'dividend ruler' units

By Toni Weeks

San Diego, Oct. 21 - Advisors Disciplined Trust 769 has registered units of its series 2011D Dividend Ruler Portfolio, according to an S-6 amendment filed with the Securities and Exchange Commission.

The depositor is Monument, Colo.-based Advisors Asset Management, Inc.

The trust seeks to provide above average total return through dividend income and capital appreciation by investing in a portfolio of common stocks of foreign and domestic companies identified by UBS Financial Services Inc. as meeting criteria for "dividend ruler" stocks. These stocks have a history of consistently increasing dividends along with earnings.

As of the Oct. 21 inception date, $148,496 is the principal amount of the trusts. The initial 15,000 units will be priced at $10 apiece, each with a net asset value of $9.655. The minimum investment is $1,000, or 100 units. The estimated net annual distribution is $0.296 per unit.

The maximum total sales fee is 2.95%, which is comprised of a 1% initial sales fee, a 1.5% deferred sales fee and a 0.45% creation and development fee. The fee may decrease on a sliding scale to 1.4% as the number of units purchased increases.

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