FT 3301 offers units of Balanced Income Select Portfolio, Series 23

By Toni Weeks

San Diego, Dec. 21 - FT 3301 is offering units of its Balanced Income Select Portfolio, Series 23, 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 monthly income and capital appreciation by investing in a diversified portfolio of common stocks of companies that have above-average dividend yields and closed-end funds that invest primarily in U.S. and foreign taxable bonds.

On the initial date of deposit, Dec. 21, the trust consists of $175,792 in contracts to purchase securities. The 17,757 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 $0.5464.

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. 19, 2013.

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