First Trust Global DividendSeeker Fund
TSX : FDS.UN

First Trust Global DividendSeeker Fund

May 19, 2016 18:37 ET

Update Regarding Wind-Up of First Trust Global DividendSeeker Fund

TORONTO, ONTARIO--(Marketwired - May 19, 2016) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

As previously announced on March 23, 2016, BMO Nesbitt Burns Inc., the manager of First Trust Global DividendSeeker Fund (TSX:FDS.UN) (the "Fund"), decided to wind-up the Fund on June 3, 2016 or as soon as practicable after such date in accordance with the declaration of trust governing the Fund.

On May 18, 2016, following the completion of the conversion of the assets of the Fund to cash, and the satisfaction of, or provision for, all liabilities of the Fund, the net asset value ("NAV") of the Class A Units (the "Class A Units") of the Fund was $6.5385 per Class A Unit and the NAV of the Class F Units (the "Class F Units", collectively with the Class A Units, the "Units") of the Fund was $8.5796 per Class F Unit. The Class A Units will be delisted from the Toronto Stock Exchange on or about June 3, 2016. Payment of the net assets of the Fund, on a pro rata basis based on the NAV of the classes of Units, will be made on or about June 8, 2016. Following such distribution, the Fund will terminate.

Further information about First Trust Global DividendSeeker Fund can be found at www.bmocm.com/investorsolutions under "Closed-End Funds".

Contact Information

  • BMO Capital Markets
    1.866.864.7760