FT 3459 registers European Deep Value Sub-10 Dividend Portfolio units

By Tali David

Minneapolis, Feb. 22 - FT 3459 has registered units of its European Deep Value Sub-10 Dividend Portfolio Series, according to an S-6 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 30 European companies that currently have low price-to-earnings ratios in addition to above-average dividend yields.

The units will have an initial offering price of $10 and a net asset value of $9.574 each. The units will 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 fee. The fee may be reduced on a sliding scale to 2.45% depending on the amount of investment.

The trust will have an initial date of deposit in March and a mandatory termination date of March 13, 2014.

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