Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers F > Headlines for First Trust Portfolios LP > News item |
FT 3435 offers High Yield Corporate Trust, Short Intermediate units
By Tali David
Minneapolis, March 22 - FT 3435 is offering units of its High Yield Corporate Trust, Short Intermediate, Series 3, according to an S-6 filing with the Securities and Exchange Commission.
The depositor is Wheaton, Ill.-based First Trust Portfolios LP.
The trust seeks to distribute high current monthly income and to preserve capital by investing in a portfolio of interest-bearing corporate debt obligations.
On March 22, the initial date of deposit, $11,795,173 of contracts to purchase securities comprised the trust. The 12,273 units have an initial offering price of $995.03 and a net asset value of $961.07 each.
The estimated current return is 7.23%, and the estimated long-term return is 5.99%.
The units will each carry a maximum sales charge of 2.95%, which may be reduced depending on the investment.
The trust has a mandatory termination date of July 15, 2019.
© 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.