FT 3254 registers Bakken Shale Portfolio units

By Tali David

Minneapolis, Dec. 14 - FT 3254 has registered units of its Bakken Shale Portfolio, series 4, 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 above-average capital appreciation, by investing in a diversified portfolio of common stocks issued by energy companies that are involved in the drilling and exploration of the Bakken Shale oil field, according to the filing.

The units will have a public offering price of $10 and a net asset value of $9.576 per unit. They will 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 will have an initial date of deposit on Dec. 14, and a mandatory termination date of Dec. 16, 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.