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FT 3413 registers Corporate High Income Portfolio units
By Toni Weeks
San Diego, Jan. 30 - FT 3413 has registered units of its Corporate High Income Portfolio, Series 3, according to an S-6 filing with the Securities and Exchange Commission.
The depositor is Wheaton, Ill.-based First Trust Portfolios LP.
The trust will seek to distribute high current monthly income and to preserve capital by investing in a portfolio of interest-bearing corporate debt obligations.
The units will have a maximum sales charge of 2.95%, with sales charge reductions available for investments of at least $100,000.
The trust is planning an initial date of deposit in February.
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