FT 3371 offers Investment Grade Select Closed-End Portfolio units

By Toni Weeks

San Diego, Jan. 19 - FT 3371 is offering units of its Investment Grade Select Closed-End Portfolio, Series 29, 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 current monthly income with the preservation of capital as a secondary objective by investing in a portfolio of closed-end funds, substantially all of which invest a majority of their assets in investment-grade securities.

On the initial date of deposit, Jan. 19, the trust consists of $169,882 in contracts to purchase securities. The 17,160 units each have an initial public offering price of $10 and a net asset value of $9.576. The estimated net annual distribution per unit is $0.6162 for the first year and $0.6097 for subsequent years.

The units 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 trust has a mandatory termination date of Jan. 21, 2014.

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