FGB reorganization into FT Confluence BDC & Specialty Finance Income ETF completed

FIRST TRUST SPECIALTY FINANCE & FINANCIAL OPPORTUNITIES FUND

Reorganization of closed-end fund FGB into active ETF FBDC completed before NYSE open on June 30, 2025.
Shareholders of FGB received FBDC shares equal to aggregate net asset value of their FGB shares.
Shareholders approved the reorganization on May 5, 2025; Boards approved on Sep 8-9, 2024.
FBDC seeks high current income by investing in BDCs and specialty finance companies.
FTA remains advisor; Confluence remains sub-advisor; FBDC trades under ticker FBDC on NYSE.

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