First Trust Announces Expected June 2025 Effective Date for Reorganization of Specialty Finance Fund into Confluence BDC & Specialty Finance Income ETF

Reuters

06-06

First Trust Announces Expected June 2025 Effective Date for Reorganization of Specialty Finance Fund into Confluence BDC & Specialty Finance Income ETF

First Trust Advisors L.P. announced that the reorganization of First Trust Specialty Finance and Financial Opportunities Fund (NYSE: FGB) into FT Confluence BDC & Specialty Finance Income ETF (NYSE Arca: FBDC) is expected to become effective immediately before the NYSE opens on June 30, 2025. This reorganization, which has received shareholder approval, involves the transfer of FGB's assets to and the assumption of its liabilities by FBDC. Shareholders of FGB will receive shares of FBDC equivalent to the net asset value of their current holdings in FGB. The reorganization is anticipated to be tax-free.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Trust Specialty Finance and Financial Opportunities Fund published the original content used to generate this news brief via Business Wire (Ref. ID: 20250606136084) on June 06, 2025, and is solely responsible for the information contained therein.

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ID: 20250606136084) on June 06, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250606:nNDLv1ScR:1","article_id":"2541868947","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2541868947","pubTimestamp":1749216314,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"First Trust Announces Expected June 2025 Effective Date for Reorganization of Specialty Finance Fund into Confluence BDC & Specialty Finance Income ETF. First Trust Advisors L.P. announced that the reorganization of First Trust Specialty Finance and Financial Opportunities Fund  into FT Confluence BDC & Specialty Finance Income ETF  is expected to become effective immediately before the NYSE opens on June 30, 2025. This reorganization, which has received shareholder approval, involves the transfer of FGB's assets to and the assumption of its liabilities by FBDC. Shareholders of FGB will receive shares of FBDC equivalent to the net asset value of their current holdings in FGB. The reorganization is anticipated to be tax-free.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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This reorganization, which has received shareholder approval, involves the transfer of FGB's assets to and the assumption of its liabilities by FBDC. Shareholders of FGB will receive shares of FBDC equivalent to the net asset value of their current holdings in FGB. The reorganization is anticipated to be tax-free.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Trust Specialty Finance and Financial Opportunities Fund published the original content used to generate this news brief via Business Wire (Ref. 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