Correspondence 0001445546-23-001156 from FT 10591 (CIK 0001956513)
FT 10591 (CIK 0001956513)
Date: Feb. 13, 2023 · CIK: 0001956513 · Accession: 0001445546-23-001156
AI Filing Summary & Sentiment
File numbers found in text: 333-269213
Letter
Division of Investment Management Re: FT 10591 Senior Loan and Limited Duration ETF Portfolio, Series 5 (the “Trust”) CIK No. 1956513 File No. 333-269213
Dear Mr. Cowan:
We received your comment regarding the Registration Statement for the above captioned Trust. This letter serves to respond to your comment.
Comment
Risk Factors
1.If the final portfolio of the Trust holds Funds that will employ leverage in their portfolios, please add appropriate risk disclosure.
Response:If, based on the Trust’s final portfolio, the Trust has exposure to Funds that employ leverage, appropriate disclosure will be added to the prospectus.
We appreciate your prompt attention to this Registration Statement. If you have any questions or comments or would like to discuss our responses to your questions, please feel free to contact Brian D. Free at (312) 845-3017 or the undersigned at (312) 845-3721.
Very truly yours,
Chapman and Cutler llp
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Chapman and Cutler LLP
320 South Canal Street, 27th Floor
Chicago, Illinois 60606
T 312.845.3000
F 312.701.2361
www.chapman.com
February 13, 2023
Mark Cowan
U.S. Securities and Exchange Commission
Division of Investment Management
Disclosure Review Office
100 F Street, N.E.
Washington, D.C. 20549
Re:
FT 10591
Senior Loan and Limited Duration ETF Portfolio, Series 5
(the “Trust”)
CIK No. 1956513 File No. 333-269213
Dear Mr. Cowan:
We received your comment
regarding the Registration Statement for the above captioned Trust. This letter serves to respond to your comment.
Comment
Risk Factors
1.If
the final portfolio of the Trust holds Funds that will employ leverage in their portfolios, please add appropriate risk disclosure.
Response:If, based on the
Trust’s final portfolio, the Trust has exposure to Funds that employ leverage, appropriate disclosure will be added to the prospectus.
We appreciate your prompt attention
to this Registration Statement. If you have any questions or comments or would like to discuss our responses to your questions, please
feel free to contact Brian D. Free at (312) 845-3017 or the undersigned at (312) 845-3721.
Very truly yours,
Chapman and Cutler llp
By:
/s/ Daniel J. Fallon
Daniel J. Fallon