FT 3204 invests for 'attractive stream' of income, reduced volatility

By Toni Weeks

San Diego, Nov. 7 - FT 3204 has registered units of its Winter 2011 Series Diversified Income and Growth Portfolio, according to an S-6 amendment filed with the Securities and Exchange Commission.

The depositor is Wheaton, Ill.-based First Trust Portfolios LP.

The trust seeks an "attractive stream" of income and to reduce volatility and modify risk through diversification by investing in a diversified portfolio of common stocks.

On the Nov. 7 inception date, $176,253 of purchase contracts comprised the trust. The 17,803 units each have a public offering price of $10.00 and a net asset value of $9.486. The estimated net annual distribution per unit for the first year is $0.2649.

The units each carry a maximum sales charge of $0.485, consisting of an initial sales charge of $0.1, a deferred sales charge of $0.335 and a creation and development fee of $0.05. The maximum fee for unit purchasers of $50,000 or more is 4.1% and decreases on a sliding scale to 1.45% for investments of $1 million or more.

The trust will have a mandatory termination date of Nov. 7, 2016.

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