Correspondence 0001445546-24-006296 from FT 11723 (CIK 0002027417)
FT 11723 (CIK 0002027417)
Date: Sept. 13, 2024 · CIK: 0002027417 · Accession: 0001445546-24-006296
AI Filing Summary & Sentiment
File numbers found in text: 333-281595
Letter
Division of Investment Management Re: FT 11723 Tactical Income Portfolio, Series 82 (the “Trust”) CIK No. 2027417 File No. 333-281595
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 Trust will invest directly in distressed securities as a principal strategy, please add appropriate disclosure.
Response:The Trust notes that while distressed debt securities do not rise to a level of principal investment for the Trust, and the Trust does not anticipate investing directly in distressed debt securities, the Trust believes the current risk disclosure is necessary for investor comprehension as the distressed debt securities risk disclosure is substantially related to the high-yield securities risk disclosure.
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
September 13, 2024
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 11723
Tactical Income Portfolio, Series 82
(the “Trust”)
CIK No. 2027417 File No. 333-281595
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 Trust will invest directly in distressed securities as a principal strategy, please add appropriate disclosure.
Response:The
Trust notes that while distressed debt securities do not rise to a level of principal investment for the Trust, and the Trust does not
anticipate investing directly in distressed debt securities, the Trust believes the current risk disclosure is necessary for investor
comprehension as the distressed debt securities risk disclosure is substantially related to the high-yield securities risk disclosure.
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