FT 3295 offers Dividend and Income Select Closed-end Portfolio units

By Toni Weeks

San Diego, Dec. 12 - FT 3295 has registered units of its Dividend and Income Select Closed-End Portfolio, Series 20, according to an S-6 amendment filed with the Securities and Exchange Commission.

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

The portfolio seeks above-average total return through capital appreciation and dividend income by investing in a diversified portfolio of common stocks issued by closed-end investment companies.

On the initial date of deposit, Dec. 9, the trust consists of $176,882 in contracts to purchase securities. The 17,867 units each have a public offering price of $10 and net asset value of $9.576. The estimated net annual distribution per unit for the first year is $0.9988.

The units each carry a maximum sales charge of 3.95%, consisting of a 1% initial sales charge, a 2.45% deferred sales charge and a 0.5% creation and development fee. The fee may be reduced on a sliding scale to 2.45% depending on the amount of investment.

The trust has a mandatory termination date of Dec. 12, 2013.

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