Advisors Disciplined Trust 761 invests in top dividend-yielding stocks

By Toni Weeks

San Diego, Dec. 2 - Advisors Disciplined Trust 761 has registered units of its Dividend Income Value Strategy Portfolio, Series 2011-4Q, 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 above-average total return through dividend income and capital appreciation by investing in a portfolio of the 10 highest dividend-yielding stocks in the Dow Jones industrial average and the 15 highest-yielding stocks from a select portion of the Standard & Poor's Industrials index as of Nov. 30.

On the trust's inception date, Dec. 2, there is $148,456 of contracts to purchase underlying securities and 14,996 units, each with a public offering price of $10 and a net asset value of $9.655. The estimated net annual distribution is $0.3272.

The units have a maximum sales fee of 2.95%, consisting of an initial sales fee of 1%, a deferred sales fee of 1.5% and a creation and development fee of 0.45%. Reductions in the sales fee are available for investments of at least $50,000 on a sliding scale down to 1.4% depending on the number of units purchased.

The trust's termination date is March 19, 2013.

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