FDEU First Trust Dynamic Europe Equity Income Fund

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): November 21, 2023

 

______________________________

 

First Trust Dynamic Europe Equity Income Fund

(Exact name of registrant as specified in its charter)

 

Massachusetts	811-23072	37-1788432
(State or other jurisdiction	(Commission File Number)	(IRS Employer
of incorporation)		Identification No.)

 

120 East Liberty Drive, Suite 400 Wheaton, Illinois (Address of principal executive offices)

60187 (zip code)

Registrant’s telephone number, including area code: (630) 765-8000

 

NA

(Former Name or Former Address, if Changed Since Last Report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of class	Trading Symbol	Name of Exchange on which registered
Common stock, $0.01 par value per share	FDEU	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ 

 

Item 7.01

Regulation FD Disclosure.

First Trust Dynamic Europe Equity Income Fund ("FDEU") is filing herewith a press release issued on November 21, 2023, as Exhibit 99.1. The press release was issued by First Trust Advisors L.P. ("FTA") announcing that the reorganization of First Trust Dynamic Europe Equity Income Fund (NYSE: FDEU), a closed-end management investment company managed by FTA and sub-advised by Janus Henderson Investors US LLC ("Janus Henderson Investors"), into First Trust Active Global Quality Income ETF (NYSE Arca: AGQI), an actively managed exchange-traded fund ("ETF") managed by FTA and sub-advised by Janus Henderson Investors, was completed prior to the open of the NYSE Arca on November 21, 2023. Details regarding the reorganization are contained in the press release included herein.

Item 9.01

Financial Statements and Exhibits.

 

(d)

Exhibits.

 

Exhibit
Number		Description
99.1		Press Release, dated November 21, 2023.

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

Dated: November 21, 2023		FIRST TRUST DYNAMIC EUROPE EQUITY INCOME FUND
	By:	/s/ W. Scott Jardine
	Name	W. Scott Jardine
	Title:	Secretary

 

EXHIBIT INDEX

Exhibit
Number		Description
99.1		Press Release, dated November 21, 2023.

 

 

PRESS RELEASE

SOURCE: First Trust Advisors L.P.

First Trust Announces Completion of First Trust Dynamic Europe Equity Income Fund’s Reorganization into First Trust Active Global Quality Income ETF

Wheaton, IL – (BUSINESS WIRE) – November 21, 2023 – First Trust Advisors L.P. (“FTA”) announced today that the reorganization of First Trust Dynamic Europe Equity Income Fund (NYSE: FDEU), a closed-end management investment company managed by FTA and sub-advised by Janus Henderson Investors US LLC (“Janus Henderson Investors”), into First Trust Active Global Quality Income ETF (NYSE Arca: AGQI), an actively managed exchange-traded fund (“ETF”) managed by FTA and sub-advised by Janus Henderson Investors, was completed prior to the open of the NYSE Arca on November 21, 2023.

As previously announced, the shareholders of FDEU approved FDEU’s reorganization into AGQI at a Special Meeting of Shareholders on October 23, 2023. The reorganization was approved by the Board of Trustees of each of FDEU and AGQI on March 22, 2023.

In the reorganization, the assets of FDEU were transferred to, and the liabilities of FDEU were assumed by, AGQI. The shareholders of FDEU received shares of AGQI with a value equal to the aggregate net asset value of the shares of FDEU held by them.

AGQI is an actively managed ETF that seeks income with the potential for capital growth over the longer-term. AGQI pursues these investment objectives by investing primarily in income-producing equity securities, and will typically invest at least 40% of its net assets in securities of issuers or companies that are economically tied to different countries throughout the world, excluding the United States.

FTA is a federally registered investment advisor and serves as the investment advisor of AGQI. 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 $187 billion as of October 31, 2023 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts. 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.

Janus Henderson Investors, a subsidiary of Janus Henderson Group, PLC, serves as AGQI’s investment sub-advisor. Janus Henderson Group is a leading global active asset manager dedicated to helping clients define and achieve superior financial outcomes through differentiated insights, disciplined investments, and world-class service. As of September 30, 2023, Janus Henderson had approximately US$308 billion in assets under management, more than 2,000 employees, and offices in 24 cities worldwide. Headquartered in London, the company is listed on the NYSE and the ASX.

This press release is not intended to, and shall not, constitute an offer to purchase or sell shares of AGQI. An investor should carefully consider the investment objectives, risks, charges and expenses of AGQI before investing. The prospectus for AGQI contains this and other important information and is available free of charge by calling First Trust Portfolios L.P. at 1-800-621-1675 or visiting www.ftportfolios.com. The prospectus should be read carefully before investing.

 

_______________________________________

CONTACT: Dan Lindquist – (630) 517-8692

_______________________________________

CONTACT: Chris Fallow – (630) 517-7628

_______________________________________

CONTACT: Jim Dykas – (630) 517-7665

_______________________________________

SOURCE: First Trust Advisors L.P.

 

v3.23.3

Cover	Nov. 21, 2023
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Nov. 21, 2023
Entity File Number	811-23072
Entity Registrant Name	First Trust Dynamic Europe Equity Income Fund
Entity Central Index Key	0001646109
Entity Tax Identification Number	37-1788432
Entity Incorporation, State or Country Code	MA
Entity Address, Address Line One	120 East Liberty Drive
Entity Address, Address Line Two	Suite 400
Entity Address, City or Town	Wheaton
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60187
City Area Code	630
Local Phone Number	765-8000
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common stock, $0.01 par value per share
Trading Symbol	FDEU
Security Exchange Name	NYSE
Entity Emerging Growth Company	false

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