Correspondence 0001445546-23-002964 from FT 10694 (CIK 0001966060)
FT 10694 (CIK 0001966060)
Date: May 2, 2023 · CIK: 0001966060 · Accession: 0001445546-23-002964
AI Filing Summary & Sentiment
File numbers found in text: 333-270640
Letter
Division of Investment Management Re: FT 10694 California Municipal Income Closed-End and ETF Portfolio Series (the “Trust”) CIK No. 1966060 File No. 333-270640
Dear Mr. Cowan:
We received your additional comment regarding the Registration Statement for the above captioned Trust. This letter serves to respond to your comment.
Comment
Portfolio
1.Please delete “and/or local” from the 80% policy.
Response:In accordance with the Staff’s comment, the disclosure will be revised in a definitive 497 filing as follows:
“Under normal circumstances, the Trust will invest at least 80% of its assets in Closed-End Funds and ETFs that invest at least 80% of their assets in California municipal bonds, the income from which is exempt from federal and California state income taxes.”
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
May 2, 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 10694
California Municipal Income Closed-End and ETF Portfolio Series
(the “Trust”)
CIK No. 1966060 File No. 333-270640
Dear Mr. Cowan:
We received your additional
comment regarding the Registration Statement for the above captioned Trust. This letter serves to respond to your comment.
Comment
Portfolio
1.Please
delete “and/or local” from the 80% policy.
Response:In
accordance with the Staff’s comment, the disclosure will be revised in a definitive 497 filing as follows:
“Under normal circumstances,
the Trust will invest at least 80% of its assets in Closed-End Funds and ETFs that invest at least 80% of their assets in California municipal
bonds, the income from which is exempt from federal and California state income taxes.”
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