FT 3293 registers Strategic Income Closed-End Portfolio units

By Toni Weeks

San Diego, Dec. 5 - FT 3293 has registered units of its Strategic Income Closed-End Portfolio, Series 38, 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 high current monthly income with capital appreciation as a secondary objective by investing in a diversified portfolio of common stocks of closed-end investment companies that invest in U.S. and foreign taxable bonds, emerging market bonds, government bonds, high-yield securities, investment-grade bonds and secured senior floating-rate corporate loans.

On the Dec. 5 initial date of deposit, $167,864 of contracts to purchase securities comprised the trust. The 16,956 units have an offering price of $10 and a net asset value of $9.576 each. The estimated net annual distribution per unit for the first year is $0.7355.

The units each 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 has a mandatory termination date of Dec. 5, 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.