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FT 3520 registers RCS Municipal Closed-End and ETF Trust units
By Tali David
Minneapolis, April 5 - FT 3520 registered units of its RCS Municipal Closed-End and ETF Trust, 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 monthly income that is exempt from federal income taxes by investing in a diversified portfolio of common stocks of closed-end investment companies and common stocks issued by exchange-traded funds.
The units will have an initial offering price of $10 and a net asset value of $9.930 each.
The trust will have an inception date in May and a mandatory termination date of May 8, 2014.
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