FT 3369 offers units of its Income Allocation Closed-End Portfolio

By Tali David

Minneapolis, Feb. 29 - FT 3369 is offering units of its Income Allocation Closed-End Portfolio, March 2012 Series, 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 monthly income, with capital appreciation as a secondary objective by investing in a diversified portfolio of common stocks issued by closed-end investment companies that invest in U.S. and foreign equity securities, taxable bonds and secured senior floating-rate corporate loans.

On Feb. 29, the initial date of deposit, $169,031 of contracts to purchase securities comprised the trust. The 17,074 units have an initial offering price of $10 and a net asset value of $9.68 each. The estimated net annual distribution per unit is $0.7598 for the first year.

The units will each carry a maximum sales charge of 2.95%, consisting of a 1% initial sales charge, a 1.45% deferred sales charge and a 0.5% creation and development fee. The fee may be reduced on a sliding scale to 1.4% depending on the amount of investment.

The trust has a mandatory termination date of May 31, 2013.

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