FT 13398 has taken a significant step by filing an amendment to its registration statement, which allows for the sale of units in its High-Yield Income Closed-End Portfolio. This move is crucial as it opens up new opportunities for investors looking for income through diversified portfolios of high-yield securities.

The filing, made on November 13, 2026, marks a pivotal moment for the company as it seeks to attract investors interested in high-yield securities, often referred to as "junk" bonds. The amendment indicates a strategic effort to enhance the trust's appeal and potentially increase its market share in the investment trust sector.

Background

FT 13398 is a unit investment trust registered under the Securities Act of 1933. It is part of the FT Series and consists of a single portfolio known as the High-Yield Income Closed-End Portfolio, Series 127. The trust invests in a diversified portfolio of securities issued by closed-end investment companies, focusing on high-yield investments.

The company is incorporated in Illinois and operates under the fiscal year ending December 31. The recent filing history includes a Form S-6 filed on October 2, 2026, which was also related to the registration of securities.

What the Filing Says

The recent filing states, "This amendment is made pursuant to Rule 487 and is intended to make the registration statement effective as of the date of this filing." This indicates that the company is moving forward with its plans to offer units to the public as soon as practicable.

Impact

This amendment is likely to impact a variety of stakeholders, including potential investors looking for income-generating opportunities. It may also affect competitors in the investment trust sector, as FT 13398's move could shift market dynamics and investor preferences towards high-yield securities.

What's Next

The filing does not specify what happens next, but it indicates that the company is prepared to proceed with the public offering of units in the trust following this amendment.