FT 3299 offers Equity Closed-End Portfolio, Series 19 units

By Toni Weeks

San Diego, Dec. 22 - FT 3299 is offering units of its Equity Closed-End Portfolio, Series 19, 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 with total return as a secondary objective and will invest in a diversified pool of closed-end funds that invest in dividend-paying securities.

On the initial date of deposit, Dec. 22, the trust consists of $169,646 in contracts to purchase securities. The 17,136 units each have a public offering price of $10 and net asset value of $9.576. The estimated net annual distribution per unit for the first year is $0.9573.

The units each carry a maximum sales charge of 3.95%, consisting of a 1% initial sales charge, a 2.45% deferred sales charge and a 0.5% creation and development. The fee may be reduced on a sliding scale to 2.45% depending on the amount of investment.

The trust has a mandatory termination date of Dec. 19, 2013.

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