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FT 3400 offers Georgetown Capital Appreciation Portfolio units
By Tali David
Minneapolis, April 2 - FT 3400 is offering units of its Georgetown Capital Appreciation Portfolio, Second Quarter 2012 Series, 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 above-average capital appreciation by investing in a diversified portfolio of common stocks selected by applying five specialized strategies.
On March 30, the initial date of deposit, $277,613 of contracts to purchase securities comprised the trust. The 27,761 units have an initial offering price of $10 and a net asset value of $9.906 each.
The estimated net annual distribution is $0.1742 per unit.
The units will each carry a maximum sales charge of 0.8%, which consists of a 0.3% deferred sales charge and a 0.5% creation and development fee. The sales charge may be reduced depending on the investment.
The trust has a mandatory termination date of July 9, 2013.
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