FT 3280 offers Target Dividend Multi-Strategy Plus Portfolio units

By Tali David

Minneapolis, Dec. 30 - FT 3280 is offering units of its Target Dividend Multi-Strategy Plus Portfolio, first 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 total return by investing in a diversified portfolio of common stocks selected by applying four specialized strategies.

On Dec. 30, the initial date of deposit, $319,867 of contracts to purchase securities comprised the trust. The 31,987 units have an initial offering price of $10 and a net asset value of $9.670 each.

Each unit will carry a maximum sales charge of 3.5%, consisting of a deferred sales charge of 3% and a creation and development fee of 0.5%. The maximum fee for unit purchasers of $50,000 or more is 0.27% and decreases on a sliding scale to 0.14% for investments of $1 million or more.

The trust has a mandatory termination date of March 28, 2013.

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