First Trust Taiwan AlphaDEX® Fund Announces Board Approval of Proposed Changes to Investment Objective
19 Janeiro 2018 - 7:21PM
Business Wire
First Trust Taiwan AlphaDEX® Fund (Nasdaq: FTW) (“Fund”), an
exchange-traded index fund and a series of First Trust
Exchange-Traded AlphaDEX® Fund II (“Trust”), announced today that
the Board of Trustees (“Board”) of the Trust has approved changes
to the Fund’s investment objective. Subject to shareholder
approval, the Fund’s new investment objective (“New Investment
Objective”) will be to seek investment results that correspond
generally to the price and yield (before the Fund’s fees and
expenses) of an equity index called the NIFTY 50 Equal Weight Index
(“Index”). The Index is compiled, calculated and maintained by
India Index Services & Products Limited (“IISL”), a wholly
owned subsidiary of the National Stock Exchange of India.
The Index is an equally weighted total return index designed to
provide diversified exposure to the NIFTY 50, the main index for
Indian equity securities. The NIFTY 50 is a market
capitalization-weighted index comprising the 50 largest and most
liquid Indian equity securities. All constituents of the NIFTY 50
will be included in the Index, but will be equally weighted. The
Fund’s current investment objective is to seek investment results
that correspond generally to the price and yield (before fees and
expenses) of the NASDAQ AlphaDEX® Taiwan Index (“Taiwan Index”).
The Fund will continue to seek investment results that correspond
generally to the Taiwan Index until its shareholders approve the
New Investment Objective.
Shareholders of the Fund will be asked to vote on a proposal to
approve the New Investment Objective at a special meeting of
shareholders expected to be held later this year. Any solicitation
of proxies made in connection with this shareholder meeting will
only be made pursuant to proxy materials filed with the U.S.
Securities and Exchange Commission (“SEC”) under applicable federal
securities laws. There can be no assurance that the necessary
percentage of the shareholders of the Fund will vote to approve the
proposal.
It is also anticipated that upon shareholder approval of the New
Investment Objective, the Fund will change its name to First Trust
India NIFTY 50 Equal Weight ETF. The Fund will continue to list and
trade its shares on The Nasdaq Stock Market LLC, but will obtain a
new CUSIP identifier and ticker symbol. The Board also has approved
the Fund name change. This change does not require shareholder
approval.
The Fund is not sponsored, endorsed, sold or promoted by IISL.
IISL does not make any representation or warranty, express or
implied, to the owners of the Fund or any member of the public
regarding the advisability of investing in securities generally or
in the Fund particularly or the ability of the Index to track
general stock market performance in India. IISL does not have any
obligation to take the needs of the Fund or the owners of the Fund
into consideration in determining, composing or calculating the
Index. IISL is not responsible for and has not participated in the
determination of the timing of, prices at, or quantities of the
Fund to be issued or in the determination or calculation of the
equation by which the Fund is to be converted into cash. IISL has
no obligation or liability in connection with the administration,
marketing or trading of the Fund.
IISL does not guarantee the accuracy and/or the completeness of
the Index or any data included therein and it shall have no
liability for any errors, omissions, or interruptions therein. IISL
makes no warranty, express or implied, as to results to be obtained
by the Fund, owners of the Fund, or any other person or entity from
the use of the Index or any data included therein. IISL makes no
express or implied warranties, and expressly disclaims all
warranties of merchantability or fitness for a particular purpose
or use with respect to the Index or any data included therein.
Without limiting any of the foregoing, IISL expressly disclaims any
and all liability for any damages or losses arising out of or
related to the Fund, including any and all direct, special,
punitive, indirect or consequential damages (including lost
profits), even if notified of the possibility of such damages.
An investor, by subscribing or purchasing an interest in the
Fund, will be regarded as having acknowledged, understood and
accepted the disclaimer as mentioned hereinabove and will be bound
by it to the extent permitted by applicable law.
In connection with the solicitation of proxies to approve the
proposal described above, the Fund will file a proxy statement.
Because the proxy statement will contain important information, the
Fund’s shareholders are urged to read the proxy statement and
accompanying materials carefully when they receive them. The Fund’s
shareholders will also be able to obtain copies of these documents,
when available, by calling First Trust Advisors L.P., the Fund’s
investment advisor, toll-free at 800-621-1675. When filed with the
SEC, the proxy statement will be available free of charge at the
SEC’s website, www.sec.gov. The foregoing is not an offer to sell,
nor a solicitation of an offer to buy, shares of the Fund, nor is
it a solicitation of any proxy.
First Trust Advisors L.P. has served as the Fund’s investment
advisor since the Fund’s inception. First Trust, along with its
affiliate First Trust Portfolios L.P., are privately-held companies
which provide a variety of investment services, including asset
management and financial advisory services, with collective assets
under management or supervision of approximately $118.9 billion as
of December 31, 2017, through unit investment trusts,
exchange-traded funds, closed-end funds, mutual funds and separate
managed accounts.
You should consider the Fund’s investment objective, risks,
charges and expenses carefully before investing. You can download a
prospectus or contact First Trust Advisors L.P. to request a
prospectus, which contains other information about the Fund. Read
it carefully before you invest. The risks of investing in the Fund
are spelled out in its prospectus, shareholder reports and other
regulatory filings.
This press release does not constitute an offer to sell or a
solicitation to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer or
solicitation or sale would be unlawful prior to registration or
qualification under the laws of such state or jurisdiction.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20180119005777/en/
First Trust Taiwan AlphaDEX® FundPress Inquiries:Ryan
Issakainen, 630-765-8689orAnalyst Inquiries:Stan Ueland,
630-517-7633
Fibertower Cp (MM) (NASDAQ:FTWR)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Fibertower Cp (MM) (NASDAQ:FTWR)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024