FT 3144 offers Municipal Income Opportunities Closed-End units

By Toni Weeks

San Diego, Jan. 25 - FT 3144 is offering units of its Insured Municipal Income Opportunities Closed-End Portfolio, Series 9, 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 seeks monthly income that is exempt from federal income tax by investing in a diversified portfolio of closed-end funds, the portfolios of which are concentrated in tax-exempt municipal bonds.

On the initial date of deposit, Jan. 25, the trust consists of $152,265 in contracts to purchase securities. The 15,380 units each have an initial public offering price of $10 and a net asset value of $9.676. The estimated net annual distribution per unit is $0.519 for the first year.

Each unit carries a maximum sales charge of 2.95%, consisting of a 1% initial sales fee, a 1.45% deferred sales charge and a 0.5% creation and development fee. The sales fee may be reduced on a sliding scale to 1.4% based on the amount of the investment.

The trust has a mandatory termination date of April 25, 2013.

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