Advisors Disciplined Trust 788 offers High 50 Dividend Strategy units

By Toni Weeks

San Diego, Dec. 16 - Advisors Disciplined Trust 788 is offering units of its High 50 Dividend 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 capital return by investing in a portfolio of 50 stocks selected using a specialized dividend-oriented strategy.

On the trust's inception date, Dec. 16, there was $148,091 in contracts to purchase underlying securities. The 14,959 units each have a public offering price of $10 and a net asset value of $9.655. The estimated net annual distribution is $0.5784.

The units have a maximum sales fee of 2.95%, consisting of a 1% initial sales fee, a 1.35% deferred sales fee and a 0.6% creation and development fee. The fee may be reduced on a sliding scale down to 1.4% depending on the number of units purchased.

The trust has a termination date of March 20, 2013.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.