First trust announces expected effective date of first trust specialty finance and financial opportunities fund reorganization into ft confluence bdc & specialty finance income etf

Wheaton, ill.--(business wire)--first trust advisors l.p. (“fta”) announced today that, subject to the satisfaction of certain customary closing conditions, the reorganization of first trust specialty finance and financial opportunities fund (nyse: fgb), a closed-end management investment company, managed by fta and sub-advised by confluence investment management llc (“confluence”), into ft confluence bdc & specialty finance income etf (nyse arca: fbdc), an actively managed exchange-traded.
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