FT 3432 offers REIT Growth and Income Select Portfolio units

By Toni Weeks

San Diego, March 21 - FT 3432 is offering units of its REIT Growth and Income Select Portfolio, Series 19, 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 dividend income and capital appreciation by investing in a diversified portfolio of common stocks of real estate investment trusts.

On the initial date of deposit, March 21, the trust consists of $136,977 in contracts to purchase securities. The 13,836 units each have a public offering price of $10 and net asset value of $9.574. The estimated net annual distribution per unit is $0.4254 for the first year and $0.42 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 fee may be reduced on a sliding scale to 2.45% depending on the amount of investment.

The trust has a mandatory termination date of March 20, 2014.

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