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FT 3434 registers Corporate High Income Portfolio, Series 4 units
By Toni Weeks
San Diego, Feb. 24 - FT 3434 has registered units of its Corporate High Income Portfolio, Series 4, according to an S-6 filed with the Securities and Exchange Commission.
The depositor is Wheaton, Ill.-based First Trust Portfolios LP.
The trust will seek to distribute high current monthly income and to preserve capital by investing in a portfolio of interest-bearing corporate debt obligations.
The units will be subject to a maximum sales charge of 2.95%. A sales charge discount is available for investments of at least $100,000.
The initial date of deposit is planned for March.
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