FT 3226 registers Strategic Income Select Closed-End Portfolio units

By Toni Weeks

San Diego, Nov. 22 - FT 3226 has registered units of its Strategic Income Select Closed-End Portfolio, Series 4, 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 a high rate of current monthly income with capital appreciation as a secondary objective by investing in a diversified portfolio of common stocks issued by closed-end investment companies that invest in U.S. and foreign common stocks and taxable bonds including high-yield securities. Currently, none of the funds selected are reporting the use of structural leverage, although they may elect to do so in the future.

On the Nov. 22 initial date of deposit, $159,860 of contracts to purchase securities comprised the trust. The 16,148 units have an offering price of $10.00 and a net asset value of $9.576 each. The estimated net annual distribution per unit for the first year is $0.9421.

Each unit will carry a maximum sales charge of 3.95%, consisting of an initial sales charge of 1%, a deferred sales charge of 2.45% and a creation and development fee of 0.5%. The maximum fee for unit purchasers of $50,000 or more is 3.7% and decreases on a sliding scale to 2.45% for investments of $1 million or more.

The trust will have a mandatory termination date of Nov. 25, 2013.

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