Advisors Disciplined 823 offers Navellier/Dial High Income units

By Toni Weeks

San Diego, Feb. 10 - Advisors Disciplined Trust 823 is offering units of its Advisors Corporate Trust - Navellier/Dial High Income Opportunities Portfolio, Series 45, 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 to provide current income and capital preservation by investing in a portfolio of investment-grade interest-bearing corporate debt obligations. The portfolio was selected by Navellier & Associates, Inc. with assistance from Dial Capital Management, LLC.

On Feb. 10, the trust's inception date, $24,401,308 of contracts to purchase securities comprised the trust. The 25,286 units each have an initial offering price of $1,000, of which $905.64 represents the principal amount of securities, and a net asset value of $965.01. The estimated current return is 5.97%, and the estimated long-term return is 4.61%. The estimated net annual interest income per unit is $59.73.

Each unit carries a maximum sales fee of 3%, which may be reduced based on the number of units purchased.

The weighted average maturity of the securities is 5.8 years.

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