FT 3468 offers Dividend & Income Select Closed-End, Series 22 units

By Tali David

Minneapolis, March 16 - FT 3468 is offering units of its Dividend & Income Select Closed-End Portfolio, Series 22, 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 above-average total return through a combination of capital appreciation and dividend income by investing in a diversified portfolio of common stocks issued by closed-end investment companies.

On March 16, the initial date of deposit, $168,542 of contracts to purchase securities comprised the trust. The 17,024 units have an initial offering price of $10 and a net asset value of $9.574 each. The estimated net annual distribution per unit is $0.7861 for the first year and $0.7778 for subsequent years.

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 sales charge may be reduced to to 2.45%, depending on the amount of the investment.

The trust has a mandatory termination date of March 17, 2014.

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