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FT 3266 registers units, seeks federal tax-exempt monthly income
By Toni Weeks
San Diego, Oct. 28 - FT 3266 has registered units of its series 9 Municipal Advantage Closed-End and ETF Portfolio, according to an S-6 filing with the Securities and Exchange Commission.
The depositor is Wheaton, Ill.-based First Trust Portfolios LP.
The trust seeks monthly income that is exempt from federal income taxes by investing in a diversified portfolio of common stocks of closed-end investment companies and common stocks issued by exchange-traded funds.
The $10 units have an official date of deposit of November 2011. Each unit has a maximum sales charge of 3.95%, consisting of an initial sales charge of $0.1, a deferred sales charge of $0.245 and a creation and development fee of $0.05. The total net asset value is $9.576 per unit.
The trust will have a mandatory termination date of Dec. 2, 2013.
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