FT 3236 registers senior loan and limited-duration portfolio units

By Toni Weeks

San Diego, Oct. 21 - FT 3236 has registered units of its series 6 Senior Loan and Limited Duration Closed-End Portfolio, 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 high current income by investing in a diversified portfolio of common stocks issued by closed-end investment companies that invest in senior corporate loans and limited-duration fixed-income securities.

The public offering price of the initial 17,440 units on the first settlement date, Oct. 26, is $10 apiece. Each unit has an initial sales charge of $0.1, a deferred sales charge of $0.245, a creation and development fee of $0.05 and an organization fee of $0.029, for a total net asset value of $9.576 per unit. The 3.95% maximum sales charge may be decreased to 2.45% on a sliding scale based on the investment amount.

The trust has a mandatory termination date of Feb. 13, 2014.

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