Advisors Disciplined Trust 863 registers High 50 Dividend units

By Toni Weeks

San Diego, March 22 - Advisors Disciplined Trust 863 has registered units of its High 50 Dividend Strategy Portfolio, Series 2012-2Q, according to an S-6 filing with the Securities and Exchange Commission.

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

The trust will seek to provide above-average total return by investing in a portfolio of common stocks selected by applying a dividend-oriented strategy.

Each $10 unit will carry a maximum sales fee of 2.95%, which is comprised of an initial sales fee of 1%, a deferred sales fee of 1.45% and a creation and development fee of 0.5%. Sales charge reductions are available on a sliding scale to 1.4% based on the amount of the investment.

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