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FT 3460 registers Richard Bernstein Advisors Global Dividend units
By Tali David
Minneapolis, March 12 - FT 3460 has registered units of its Richard Bernstein Advisors Global Dividend Kings 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 will seek total return through a combination of dividend income and capital appreciation by investing in a diversified portfolio of common stocks.
The units have an initial offering price of $10 and a net asset value of $9.554 each. Each unit will carry a maximum sales charge of 3.95%, consisting of an initial sales charge of 1%, a deferred sales charge of 2.45% and a creation and development fee of 0.5%. The maximum fee decreases on a sliding scale to 2.45% depending on the investment.
The trust will have an inception date in April and a mandatory termination date of April 7, 2014.
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