FT 3482 offers Global Bond Income Plus Closed-End, Series 25, units

By Tali David

Minneapolis, April 3 - FT 3482 is offering units of its Global Bond Income Plus Closed-End Portfolio, Series 25, 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 a high rate of current monthly income with capital appreciation as a secondary objective by investing in a diversified portfolio of common stocks of closed-end investment companies.

On April 3, the initial date of deposit, $156,216 of contracts to purchase securities comprised the trust. The 15,622 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 $0.6463 for the first year and $0.6373 for subsequent years.

Each unit carries a maximum sales charge of up to 4.5%, consisting of a 0.5% creation and development fee and a deferred sales charge that will vary based on the public offering price. At a public offering price of $10 per unit, the maximum sales charge will be 3.95%. At a higher per-unit price, the maximum sales charge will be less than 3.95%, and at a lower unit price, it will exceed 3.95%.

The trust has a mandatory termination date of April 3, 2014.

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