FT 3273 registers Senior Loan & Limited Duration Closed-End units

By Toni Weeks

San Diego, Dec. 5 - FT 3273 has registered units of its Senior Loan & Limited Duration Closed-End Portfolio, Series 7, 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 high current income by investing in a diversified portfolio of common stocks of closed-end investment companies that invest in senior corporate loans and limited-duration fixed-income securities.

On the Dec. 2 initial date of deposit, $156,989 of contracts to purchase securities comprised the trust. The 15,857 units have an offering price of $10 and a net asset value of $9.576 each. The estimated net annual distribution per unit for the first year is $0.7196.

The units each carry a maximum sales charge of 3.95%, consisting of an initial sales charge of 1%, a deferred sales charge of 2.45% and a creation and development fee of 0.5%. 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 March 3, 2014.

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