FT 3270 offers High Dividend Equity Allocation Plus Portfolio units

By Toni Weeks

San Diego, Dec. 7 - FT 3270 has registered units of its High Dividend Equity Allocation Plus Portfolio Series, 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 through a combination of capital appreciation and dividend income by investing in the stocks of a broad range of companies that have shown a solid history of distributing dividends to shareholders. The stocks are selected from four segments of the market: high dividend equity, SMid high dividend, international high dividend and high dividend emergent markets. The segments will be weighted 40%, 30%, 20% and 10%, respectively.

On the Dec. 7 initial date of deposit, $155,801 of contracts to purchase securities comprises the trust. The 15,580 units have a public offering price of $10.00 and a net asset value of $9.576 each. The estimated net annual distribution for the first year is $0.4207 per unit.

The units each carry a maximum sales charge of up to 4%, consisting of a creation and development fee of 0.5% and a deferred sales charge, which is variable and depends on the public offering price. The deferred sales charge will be 3.45% for units priced at $10 apiece, lower than 3.45% for units priced higher than $10 and higher than 3.45% for units priced at less than $10. 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 will have a mandatory termination date of Dec. 9, 2013.

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