CORRECTING and REPLACING First Trust Announces Shareholder Approval of First Trust Dynamic Europe Equity Income Fund’s Reorganization into First Trust Active Global Quality Income ETF
23 Outubro 2023 - 7:09PM
Business Wire
Please replace the release with the following corrected version
due to multiple revisions.
The updated release reads:
FIRST TRUST ANNOUNCES SHAREHOLDER APPROVAL OF FIRST TRUST
DYNAMIC EUROPE EQUITY INCOME FUND’S REORGANIZATION INTO FIRST TRUST
ACTIVE GLOBAL QUALITY INCOME ETF
First Trust Advisors L.P. (“FTA”) announced today that
shareholders of First Trust Dynamic Europe Equity Income Fund
(NYSE: FDEU), a closed-end management investment company, managed
by FTA and sub-advised by Janus Henderson Investors, have approved
the reorganization of FDEU into First Trust Active Global Quality
Income ETF (“AGQI”), an actively managed exchange-traded fund
(“ETF”) that will be traded on the NYSE Arca and will be managed by
FTA and sub-advised by Janus Henderson Investors. As previously
announced, the reorganization was approved by the Boards of
Trustees of FDEU and AGQI on March 22, 2023. Subject to the
satisfaction of certain customary closing conditions, the
reorganization of FDEU into AGQI is expected to close on or around
November 20, 2023. No assurance can be given as to the exact timing
of the closing of the transaction.
Upon the completion of the reorganization, which is expected to
be tax-free, the assets of FDEU will be transferred to, and the
liabilities of FDEU will be assumed by, AGQI. The shareholders of
FDEU will receive shares of AGQI with a value equal to the
aggregate net asset value of the shares of FDEU held by them.
FDEU is a diversified, closed-end management investment company
that seeks to provide a high level of current income with a
secondary focus on capital appreciation. Under normal market
conditions, FDEU pursues its investment objectives by investing at
least 80% of its Managed Assets in a portfolio of equity securities
of European companies of any market capitalization, including, but
not limited to, common and preferred stocks that pay dividends,
depositary receipts, and real estate investment trusts. “Managed
Assets” means the total asset value of FDEU minus the sum of FDEU’s
liabilities other than the principal amount of borrowings, if
any.
AGQI is an actively managed ETF that seeks income with the
potential for capital growth over the longer-term. AGQI pursues
these investment objectives by investing primarily in
income-producing equity securities, and will typically invest at
least 40% of its net asset in securities of issuers or companies
that are economically tied to different countries throughout the
world, excluding the United States.
FTA is a federally registered investment advisor and serves as
the investment advisor of FDEU and AGQI. FTA and its affiliate
First Trust Portfolios L.P. (“FTP”), a FINRA registered
broker-dealer, are privately-held companies that provide a variety
of investment services. FTA has collective assets under management
or supervision of approximately $195 billion as of September 30,
2023 through unit investment trusts, exchange-traded funds,
closed-end funds, mutual funds and separate managed accounts. FTA
is the supervisor of the First Trust unit investment trusts, while
FTP is the sponsor. FTP is also a distributor of mutual fund shares
and exchange-traded fund creation units. FTA and FTP are based in
Wheaton, Illinois.
Janus Henderson Investors US LLC, a legal entity of Janus
Henderson Investors, serves as FDEU’s and AGQI’s investment
sub-advisor. Janus Henderson Group is a leading global active asset
manager dedicated to helping clients define and achieve superior
financial outcomes through differentiated insights, disciplined
investments, and world-class service. As of June 30, 2023, Janus
Henderson had approximately US$322 billion in assets under
management, more than 2,000 employees, and offices in 24 cities
worldwide. Headquartered in London, the company is listed on the
NYSE and the ASX.
Additional Information about the Proposed Reorganization and
Where to Find It
This press release is not intended to, and shall not, constitute
an offer to purchase or sell shares of FDEU or AGQI. Certain
statements made in this news release that are not historical facts
are referred to as “forward-looking statements” under the U.S.
federal securities laws. Actual future results or occurrences may
differ significantly from those anticipated in any forward- looking
statements due to numerous factors. Generally, the words “believe,”
“expect,” “intend,” “estimate,” “anticipate,” “project,” “will” and
similar expressions identify forward-looking statements, which
generally are not historical in nature. Forward-looking statements
are subject to certain risks and uncertainties that could cause
actual results to differ from the historical experience of FTA and
the funds managed by FTA and its present expectations or
projections. You should not place undue reliance on forward-looking
statements, which speak only as of the date they are made. FTA,
FDEU and AGQI undertake no responsibility to update publicly or
revise any forward-looking statements.
An investor should carefully consider the investment objectives,
risks, charges and expenses of FDEU or AGQI, as applicable, before
investing. The prospectuses for FDEU and AGQI contain this and
other important information and are available free of charge by
calling toll-free at 1-800-621-1675 or writing FDEU or AGQI at 120
East Liberty Drive, Suite 400, Wheaton, IL 60187. The prospectus
should be read carefully before investing.
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