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FT 3275 offers Ironmark Strategy Portfolio, 1st Quarter 2012 units
By Toni Weeks
San Diego, Dec. 22 - FT 3275 is offering units of its Ironmark Strategy Portfolio, 1st Quarter 2012 Series, 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 above-average capital appreciation by investing 70% of its assets in common stocks across various market capitalizations, growth and value styles, sectors and countries. The remaining 30% of the portfolio invests in common stocks from three different tactical sectors of the market.
On the initial date of deposit, Dec. 22, the trust consists of $923,090 in contracts to purchase securities. The 92,309 units each have a public offering price of $10 and net asset value of $9.915. The estimated net annual distribution per unit for the first year is $0.1592.
The units each carry a maximum sales charge of up to 0.75%, consisting of a creation and development. At a public offering price of $10 per unit, the fee will be 0.5%. If the price paid for units exceeds $10 each, the fee will be less than 0.5%; if the price paid for units is less than $10 each, the fee will be greater than 0.5%, capped at 0.75%.
The trust has a mandatory termination date of March 25, 2013.
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