FT Portfolios Canada Co.

FT Portfolios Canada Co.

August 26, 2015 19:38 ET

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

TORONTO, ONTARIO--(Marketwired - Aug. 26, 2015) - FT Portfolios Canada Co., a privately owned company, announced today that unitholders of First Trust Advantaged Short Duration High Yield Bond Fund ("FSD") have approved a proposal that would result in the conversion of FSD from a closed-end fund to an exchange traded fund, at a special meeting held today. The completion of the conversion is subject to regulatory approval. If the conversion is implemented, FSD proposes to merge with First Trust Short Duration High Yield Bond ETF ("FHY"). The merger was approved by unitholders of FHY at a special meeting of unitholders on August 10, 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.

Contact Information

  • Media Contact:
    Fraser Howell, President, FT Portfolios Canada Co.
    330 Bay Street, Suite 1300
    Toronto, Ontario, M5H 2S8
    1-877-622-5552
    FraserHowell@firsttrust.ca