First Trust Specialty Finance & Financial Opportunities Fund
Market Movers (8-K)
First Trust Advisors L.P. announced the successful completion of the reorganization of First Trust Specialty Finance and Financial Opportunities Fund (FGB) into FT Confluence BDC & Specialty Finance Income ETF (FBDC) on June 30, 2025.
First Trust Advisors L.P. announced that the reorganization of First Trust Specialty Finance and Financial Opportunities Fund (FGB) into FT Confluence BDC & Specialty Finance Income ETF (FBDC) is expected to become effective on June 30, 2025.
First Trust Specialty Finance and Financial Opportunities Fund (FGB) shareholders have approved the fund's reorganization into FT Confluence BDC & Specialty Finance Income ETF (FBDC), expected to close before the end of 2025.
First Trust Specialty Finance and Financial Opportunities Fund (FGB) has adjourned its special shareholder meeting to allow more time for shareholders to vote on the proposed reorganization with FT Confluence BDC & Specialty Finance Income ETF (FBDC).
Delay expected
First Trust Specialty Finance and Financial Opportunities Fund (FGB) has mailed proxy materials to shareholders regarding a proposed reorganization into FT Confluence BDC & Specialty Finance Income ETF.
First Trust Specialty Finance and Financial Opportunities Fund (FGB) will reorganize into a new actively managed exchange-traded fund (ETF), pending shareholder and regulatory approvals.
Proxy Statements (Def-14A)
First Trust Specialty Finance and Financial Opportunities Fund issues a supplement to its proxy materials to correct a typographical error regarding the record date for its upcoming special meeting of shareholders.
First Trust Specialty Finance and Financial Opportunities Fund will hold its annual shareholder meeting on November 12, 2024, to elect two Class II Trustees.
First Trust Specialty Finance and Financial Opportunities Fund encourages shareholders to vote 'FOR' FSD, FAM, FGB, and MFD via a special proxy vote.
First Trust Specialty Finance and Financial Opportunities Fund (FGB) is urging shareholders to vote on a proposal to reorganize the fund with abrdn Total Dynamic Dividend Fund (AOD) at a special meeting adjourned to May 30, 2024.
Delay expected
First Trust Specialty Finance and Financial Opportunities Fund (FGB) is urging shareholders to vote in favor of a proposed reorganization with abrdn Total Dynamic Dividend Fund (AOD) at a special meeting on April 18, 2024.
DEFA14A: First Trust Urges Shareholders to Vote for Reorganization with abrdn Total Dynamic Dividend Fund
First Trust is urging shareholders to vote in favor of the proposed reorganization of the First Trust Specialty Finance and Financial Opportunities Fund (FGB) with abrdn Total Dynamic Dividend Fund (AOD), citing potential benefits such as lower expense ratios, improved trading, and better performance.
Better than expected
Delay expected
Schedule 13G - Passive Investments
Sit Investment Associates, Inc. and its subsidiary Sit Fixed Income Advisors II, LLC have jointly disclosed a 7.0% beneficial ownership stake in First Trust Specialty Finance and Financial Opportunities Fund.