FT 3527 registers High-Yield Closed-End and Short Treasury units

By Tali David

Minneapolis, March 29 - FT 3527 registered units of its High-Yield Closed-End and Short Treasury ETF Portfolio, Series 6, 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 a high rate of current monthly income, with capital appreciation as a secondary objective, by investing in a diversified portfolio of common stocks of closed-end investment companies and common stock issued by a short treasury exchange-traded fund.

The units will have an initial offering price of $10 and a net asset value of $9.574 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 May and a mandatory termination date of May 1, 2014.

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