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FT 3433 registers Multi-Sector Dividend Portfolio, Series 3 units
By Toni Weeks
San Diego, Feb. 24 - FT 3433 has registered units of its Multi-Sector Dividend Portfolio, Series 3, 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 will seek above-average total return through a combination of capital appreciation and dividend income by investing in a diversified portfolio of common stocks and closed-end funds, some of which invest in high-yield securities.
The units will have a public offering price of $10 and a net asset value of $9.574 each. 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 fee, will apply. A sales charge discount is available for investments of at least $50,000, with the minimum sales charge set at 2.45% for investments of at least $1 million.
The initial date of deposit is planned for March. The trust will have a mandatory termination date of March 27, 2014.
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