First Trust Announces Adjournment of Special Shareholder Meeting for First Trust Municipal CEF Income Opportunity ETF
March 07 2022 - 4:55PM
Business Wire
First Trust Advisors L.P. (“FTA”) announced today that the
special shareholder meeting for First Trust Municipal CEF Income
Opportunity ETF (Nasdaq: MCEF) (the “Fund”), a series of First
Trust Exchange-Traded Fund VIII (the “Trust”), has been adjourned
in order to permit additional solicitation of shareholders and to
allow shareholders additional time to vote to approve certain
changes to the Fund’s investment strategy. The special shareholder
meeting for the Fund will reconvene on Thursday, March 31, 2022 at
12:00 p.m. Central time at the offices of FTA at 120 East Liberty
Drive, Suite 400 in Wheaton, Illinois.
Currently, the Fund invests in a portfolio of closed-end funds
that invest primarily in municipal debt securities, some or all of
which pay interest that is exempt from regular federal income
taxes. At the recommendation of FTA and subject to shareholder
approval, the Board of Trustees of the Trust has approved replacing
the current investment policy with a new policy that seeks to
provide the same investment objective of current income by
investing directly in municipal debt securities that pay interest
that is exempt from regular federal income taxes.
FTA is a federally registered investment advisor and serves as
the Fund’s investment advisor. FTA and its affiliate, First Trust
Portfolios L.P. (“FTP”), a FINRA registered broker-dealer, are
privately-held companies that provide a variety of investment
services. FTA has collective assets under management or supervision
of approximately $212 billion as of January 31, 2022 through unit
investment trusts, exchange-traded funds, closed-end funds, mutual
funds and SMAs. FTA is the supervisor of the First Trust unit
investment trusts, while FTP is the sponsor. FTP is also a
distributor of mutual fund shares and exchange-traded fund creation
units. FTA and FTP are based in Wheaton, Illinois.
This press release contains certain forward-looking statements
within the meaning of the Securities Act of 1933, as amended, and
the Securities Exchange Act of 1934, as amended. Forward-looking
statements include statements regarding the goals, beliefs, plans
or current expectations of FTA and its respective representatives,
taking into account the information currently available to them.
Forward-looking statements include all statements that do not
relate solely to current or historical fact. For example,
forward-looking statements include the use of words such as
“anticipate,” “estimate,” “intend,” “expect,” “believe,” “plan,”
“may,” “should,” “would,” “will” or other words that convey
uncertainty of future events or outcomes. Forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause the actual results, performance or
achievements of a Fund to be materially different from any future
results, performance or achievements expressed or implied by the
forward-looking statements. When evaluating the information
included in this press release, you are cautioned not to place
undue reliance on these forward-looking statements, which reflect
the judgment of FTA and its respective representatives only as of
the date hereof. No obligation will be undertaken to publicly
revise or update these forward-looking statements to reflect events
and circumstances that arise after the date hereof.
In connection with the solicitation of proxies to approve
certain changes to the Fund’s principal investment strategies, the
Trust filed with the Securities and Exchange Commission (the “SEC”)
a proxy statement on behalf of the Fund. Because the proxy
statement contains important information, and the Fund’s
shareholders are urged to read the proxy statement and accompanying
materials carefully. The Fund’s shareholders may also obtain copies
of these documents by calling FTA toll-free at 800-621-1675. The
proxy statement also is available free of charge at the SEC’s
website, www.sec.gov. This press release does not constitute an
offer to sell, nor a solicitation of an offer to buy, shares of any
Fund, nor is it a solicitation of any proxy. The Trust, the Fund,
FTA and certain of their respective directors/trustees, officers
and affiliates may be deemed under the rules of the SEC to be
participants in the solicitation of proxies from shareholders in
connection with the matters described above. Information about the
trustees and officers of the Trust may be found in the Fund’s
annual reports previously filed with the SEC.
The Fund’s daily closing price and net asset value per share as
well as other information can be found at www.ftportfolios.com.
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First Trust Advisors L.P. Press Inquiries: Ryan Issakainen,
630-765-8689 Broker Inquiries: Sales Team, 866-848-9727
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