Advisors Disciplined Trust 828 offers Convertible and Income units

By Tali David

Minneapolis, March 8 - Advisors Disciplined Trust 828 is offering units of its Convertible and Income Closed-End Portfolio, Series 2012-1, 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 high current interest income with capital appreciation as a secondary objective by investing in a portfolio primarily consisting of common stock of closed-end investment companies that invest in convertible securities and other income-producing securities.

On March 8, the trust's inception date, $149,085 of contracts to purchase securities comprised the trust. The 15,059 units have an initial offering price of $10 and a net asset value of $9.555 each. The units have an estimated net annual distribution of $0.6896 for the first year and $0.6761 for subsequent years.

Each unit carries a maximum sales fee of 3.95%, which is comprised of an initial sales fee of 1%, a deferred sales fee of 2.45% and a creation and development fee of 0.5%. The fee may be reduced on a sliding scale to 2.45% depending on the number of units purchased.

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