First Trust Announces Completion of First Trust Dynamic Europe Equity Income Fund’s Reorganization into First Trust Active Global Quality Income ETF
21 Noviembre 2023 - 8:20AM
Business Wire
First Trust Advisors L.P. (“FTA”) announced today that the
reorganization 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 US LLC (“Janus
Henderson Investors”), into First Trust Active Global Quality
Income ETF (NYSE Arca: AGQI), an actively managed exchange-traded
fund (“ETF”) managed by FTA and sub-advised by Janus Henderson
Investors, was completed prior to the open of the NYSE Arca on
November 21, 2023.
As previously announced, the shareholders of FDEU approved
FDEU’s reorganization into AGQI at a Special Meeting of
Shareholders on October 23, 2023. The reorganization was approved
by the Board of Trustees of each of FDEU and AGQI on March 22,
2023.
In the reorganization, the assets of FDEU were transferred to,
and the liabilities of FDEU were assumed by, AGQI. The shareholders
of FDEU received shares of AGQI with a value equal to the aggregate
net asset value of the shares of FDEU held by them.
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 assets 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 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 $187 billion as of October 31, 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, a subsidiary of Janus Henderson
Group, PLC, serves as 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 September 30, 2023, Janus Henderson had
approximately US$308 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.
This press release is not intended to, and shall not, constitute
an offer to purchase or sell shares of AGQI. An investor should
carefully consider the investment objectives, risks, charges and
expenses of AGQI before investing. The prospectus for AGQI contains
this and other important information and is available free of
charge by calling First Trust Portfolios L.P. at 1-800-621-1675 or
visiting www.ftportfolios.com. The prospectus should be read
carefully before investing.
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