Advisors Disciplined Trust 818 offers Tactical Income Closed-End units

By Toni Weeks

San Diego, Feb. 16 - Advisors Disciplined Trust 818 is offering units of its Tactical Income Closed-End Portfolio, Series 2012-1, according to an S-6 amendment with the Securities and Exchange Commission.

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

The trust seeks high current income with capital appreciation potential by investing in a portfolio of shares of income-oriented closed-end funds issued by various types of foreign and/or U.S. issuers. The securities may include corporate bonds, government bonds, corporate loans, convertible securities, preferred securities and equity securities.

On the trust's inception date, Feb. 16, there is $148,535 of contracts to purchase underlying securities. The 15,004 units each have a public offering price of $10 and a net asset value of $9.555. The estimated net annual distribution per unit is $0.7559 for the first year and $0.743 for the second year.

The units have a maximum sales fee of 3.95%, consisting of a 1% initial sales fee, a 2.45% deferred sales fee and a 0.5% creation and development fee. The fee may be reduced on a sliding scale to 2.45% depending on the number of units purchased.

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