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First Trust Combined Series 397 registers Multi-Asset Income units
By Tali David
Minneapolis, March 12 - First Trust Combined Series 397 registered units of its Investment Grade Multi-Asset Income Portfolio, Long Term, Series 2, according to an S-6 filed with the Securities and Exchange Commission.
The depositor is Wheaton, Ill.-based First Trust Portfolios LP.
The trust will seek current income and capital preservation by investing in a professionally selected, fixed portfolio of investment-grade taxable municipal bonds and corporate debt obligations.
The units will each carry a maximum sales charge of 3.95%. Sales charge reductions are available based on the amount of the investment.
The trust will have an initial date of deposit in April.
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