FT 3400 registers Georgetown Capital Appreciation Portfolio units

By Toni Weeks

San Diego, March 15 - FT 3400 has registered units of its Georgetown Capital Appreciation Portfolio, 2nd 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 will seek above-average capital appreciation by investing in a diversified portfolio of common stocks selected by applying five specialized strategies: the S&P Target SMid60 Strategy and the Target Growth Strategy, each with a 25% weight, the NYSE International Target 25 Strategy and the Value Line Diversified Target 40 Strategy, each with a 15% weight, and the Target Dividend Strategy with a 20% weight. The trust will seek to outperform the Standard & Poor's 500 Composite Stock Price index.

The units will have a public offering price of about $10 and a net asset value of $9.906 each. They will each carry a maximum sales charge of up to 0.8%, consisting of a 0.5% creation and development fee and a deferred sales charge of up to 0.3% that will vary depending on the public offering price of the units.

The trust will have its inception date in March and a mandatory termination date of June 28, 2013.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.