First Trust Announces Shareholder Approval Of First Trust Dynamic Europe Equity Income Fund's Reorganization Into First Trust Active Global Quality Income ETF
Portfolio Pulse from Happy Mohamed
First Trust Advisors L.P. (FTA) announced that shareholders of First Trust Dynamic Europe Equity Income Fund (FDEU) have approved the reorganization of FDEU into First Trust Active Global Quality Income ETF (AGQI). The reorganization is expected to close on or around November 20, 2023. Upon completion, the assets of FDEU will be transferred to AGQI, and FDEU's liabilities will be assumed by AGQI. FDEU shareholders will receive shares of AGQI equal to the aggregate net asset value of their FDEU shares.
October 23, 2023 | 8:09 pm
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NEUTRAL IMPACT
AGQI is the ETF that FDEU is being reorganized into. Upon completion, AGQI will assume FDEU's assets and liabilities, and FDEU shareholders will receive AGQI shares.
The reorganization of FDEU into AGQI will result in AGQI assuming FDEU's assets and liabilities. This is a significant event for AGQI as it will increase its assets under management. However, the exact impact on AGQI's stock price is uncertain as it depends on various factors including the market's reaction to the reorganization and the performance of the transferred assets.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
FDEU is being reorganized into AGQI. Upon completion, FDEU's assets and liabilities will be transferred to AGQI, and FDEU shareholders will receive AGQI shares.
The reorganization of FDEU into AGQI will result in the transfer of FDEU's assets and liabilities to AGQI. This is a significant event for FDEU shareholders as they will receive AGQI shares equal to the aggregate net asset value of their FDEU shares. However, the exact impact on FDEU's stock price is uncertain as it depends on various factors including the market's reaction to the reorganization and the performance of AGQI.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100