FT 3205 registers Dividend Strength Portfolio units

By Toni Weeks

San Diego, Nov. 10 - FT 3205 has registered units of its Series 12 Dividend Strength Portfolio, 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 above-average total return though a combination of capital appreciation and dividend income by investing in a diversified portfolio of common stocks.

On the Nov. 10 inception date, $150,939 of purchase contracts comprised the trust. The 15,246 units each have a public offering price of $10.00 and a net asset value of $9.576. The estimated net annual distribution per unit for the first year is $0.2735.

The units each carry a maximum sales charge of $0.395, consisting of an initial sales charge of $0.1, a deferred sales charge of $0.245 and a creation and development fee of $0.05. The maximum fee for unit purchasers of $50,000 or more is 3.7% and decreases on a sliding scale to 2.45% for investments of $1 million or more.

The trust has a mandatory termination date of Nov. 12, 2013.

© 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.