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FT 3375 registers units of its Wedbush Select Choice 2012 Trust
By Tali David
Minneapolis, Jan. 13 - FT 3375 registered units of its Wedbush Select Choice 2012 Trust, 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 will seek capital appreciation and invest in a diversified portfolio of common stocks.
The units will have an initial offering price of $10 and a net asset value of $9.676 each. They will each carry a maximum sales charge of 2.95%, consisting of a 1% initial sales charge, a 1.45% deferred sales charge and a 0.5% creation and development fee. The fee may be reduced on a sliding scale depending on the amount of investment.
The trust will have an initial date of deposit in February and a mandatory termination date of March 5, 2013.
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