First Trust Advantaged Short Duration High Yield Bond Fund and First Trust Short Duration High Yield Bond ETF

TORONTO, ONTARIO--(Marketwired - Aug. 10, 2015) - FT Portfolios Canada Co., a privately owned company, announced today that unitholders of First Trust Short Duration High Yield Bond ETF ("FHY") have approved a proposal, that would result in the merger of FHY with First Trust Advantaged Short Duration High Yield Bond Fund ("FSD"), at a special meeting held today. The completion of the merger is subject to unitholders of FSD approving the conversion of FSD from a closed-end fund to an ETF. The special meeting of FSD unitholders was adjourned for lack of quorum and the adjourned meeting will take place on August 26, 2015.

Details of the proposal are outlined in a joint information circular that has been sent to unitholders of FSD and FHY in connection with their special meetings. Copies of the information circular are available on www.sedar.com and www.firsttrust.ca.

About First Trust

The First Trust companies are a well-respected global enterprise with a history in the U.S. market since 1991 and in Canada since 1996. As of May 29, 2015, First Trust Advisors L.P., the portfolio advisor for the First Trust ETFs, has approximately US$43 billion in ETF assets under management and more than US$53 billion total assets under supervision or management. First Trust is the enterprise name used for the various businesses conducted in Europe, Mexico, Canada and the U.S.

Further information about FT Portfolios Canada's ETFs can be found at www.firsttrust.ca.

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