FT 3444 offers units of its Dividend Income Plus Portfolio, Series 5

By Tali David

Minneapolis, April 3 - FT 3444 is offering units of its Dividend Income Plus Portfolio, Series 5, 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 above-average total return through a combination of capital appreciation and dividend income and investing in a diversified portfolio of common stocks.

On April 3, the initial date of deposit, $150,372 of contracts to purchase securities comprised the trust. The 15,037 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 $0.3987 for the first year and $0.3932 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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.