First Trust Specialty Finance & Financial Opp. Fund (FGB) to reorganize into ETF (FBDC) effective June 30, 2025

FIRST TRUST SPECIALTY FINANCE & FINANCIAL OPPORTUNITIES FUND

Reorganization of FGB into FT Confluence BDC & Specialty Finance Income ETF (NYSE Arca: FBDC) expected effective June 30, 2025.
Shareholders approved the reorganization at a special meeting on May 5, 2025.
Boards of trustees of both funds approved on September 8-9, 2024.
FGB shareholders will receive FBDC shares equal to the aggregate NAV of their FGB shares; transaction expected to be tax-free.
FGB is a closed-end fund; FBDC is an actively managed ETF, both sub-advised by Confluence Investment Management.

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