First Trust Advisors L.P. Announces Distribution for First Trust High Income ETF

WHEATON, Ill.--()--First Trust Advisors L.P. (“FTA”) announces the declaration of the distribution for First Trust High Income ETF (Nasdaq: FTHI) advised by FTA.

The following dates apply to today’s distribution declaration:

          Expected Ex-Dividend Date:     October 19, 2016
Record Date: October 21, 2016
Payable Date: October 31, 2016

Ticker

 

Exchange

 

Fund Name

 

Frequency

 

Ordinary

Income

Per Share

Amount

 
First Trust Exchange-Traded Fund VI
FTHI Nasdaq First Trust High Income ETF Monthly $0.0775
 

As previously announced and subject to certain customary closing condition, the merger of First Trust Dividend and Income Fund, a closed-end fund, with and into FTHI, is expected to close prior to the opening of the New York Stock Exchange on October 24, 2016.

First Trust Advisors L.P., the Fund’s investment advisor, along with its affiliate, First Trust Portfolios L.P., are privately-held companies which provide a variety of investment services, including asset management and financial advisory services, with collective assets under management or supervision of approximately $98 billion as of September 30, 2016 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.

You should consider the investment objectives, risks, charges and expenses of the Fund before investing. Contact First Trust Portfolios L.P. at 1-800-621-1675 or visit www.ftportfolios.com to obtain a prospectus which contains this and other important information about the Fund. The prospectus should be read carefully before investing.

Past performance is no assurance of future results. Investment return and market value of an investment in the Fund will fluctuate. Shares, when sold, may be worth more or less than their original cost.

Principal Risk Factors: The Fund’s shares will change in value, and you could lose money by investing in the Fund. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. There can be no assurance that the Fund’s investment objectives will be achieved. The risks of investing in the Fund are spelled out in the prospectus, shareholder report, and other regulatory filings.

Investors buying or selling Fund shares on the secondary market may incur customary brokerage commissions. Investors who sell Fund shares may receive less than the share’s net asset value. Shares may be sold throughout the day on the exchange through any brokerage account. However, unlike mutual funds, shares may only be redeemed directly from the Fund by authorized participants, in very large creation/redemption units. If the Fund's authorized participants are unable to proceed with creation/redemption orders and no other authorized participant is able to step forward to create or redeem, Fund shares may trade at a discount to the Fund's net asset value and possibly face delisting.

One of the principal risks of investing in the Fund is market risk. Market risk is the risk that a particular security owned by the Fund, Fund shares or securities in general may fall in value.

The Fund is subject to management risk because it is an actively managed portfolio. In managing the Fund’s investment portfolio, the advisor will apply investment techniques and risk analyses that may not have the desired result.

The Fund may invest in small capitalization and mid-capitalization companies. Such companies may experience greater price volatility than larger, more established companies.

An investment in a Fund containing securities of non-U.S. issuers is subject to additional risks, including currency fluctuations, political risks, withholding, the lack of adequate financial information, and exchange control restrictions impacting non-U.S. issuers. The Fund may invest in depositary receipts which may be less liquid than the underlying shares in their primary trading market.

The use of options and other derivatives can lead to losses because of adverse movements in the price or value of the underlying asset, index or rate, which may be magnified by certain features of the derivatives. These risks are heightened when the Fund’s portfolio managers use derivatives to enhance the Fund’s returns or as a substitute for a position or security, rather than solely to hedge (or offset) the risk of a position or security held by the Fund.

The option positions employed may present additional risk. When selling a call option, the Fund will receive a premium; however, this premium may not be enough to offset a loss incurred by the Fund if the index level at the expiration of the call option is above the strike price by an amount equal to or greater than the premium. The value of an option may be adversely affected if the market for the option becomes less liquid or smaller, and will be affected by changes in the value and dividend rates of the stock or the index subject to the option, an increase in interest rates, a change in the actual and perceived volatility of the stock market and the common stock or the index and the remaining time to expiration. Additionally, the value of an option does not increase or decrease at the same rate as the underlying stock(s) or the index.

The Fund may effect a portion of creations and redemptions for cash, rather than in-kind securities. As a result, an investment in the Fund may be less tax-efficient than an investment in an exchange-traded fund that effects its creations and redemptions for in-kind securities.

The Fund currently has fewer assets than larger funds, and like other relatively new funds, large inflows and outflows may impact the Fund’s market exposure for limited periods of time.

The Fund is classified as “non-diversified” and may invest a relatively high percentage of its assets in a limited number of issuers. As a result, the Fund may be more susceptible to a single adverse economic or regulatory occurrence affecting one or more of these issuers, experience increased volatility and be highly concentrated in certain issuers.

First Trust Advisors L.P. is the adviser to the Fund. First Trust Advisors L.P. is an affiliate of First Trust Portfolios L.P., the Fund’s distributor.

Contacts

First Trust Advisors L.P.
Press Inquiries: Ryan Issakainen, 630-765-8689
Broker Inquiries: Sales Team, 866-848-9727
Analyst Inquiries: Stan Ueland, 630-517-7633

Contacts

First Trust Advisors L.P.
Press Inquiries: Ryan Issakainen, 630-765-8689
Broker Inquiries: Sales Team, 866-848-9727
Analyst Inquiries: Stan Ueland, 630-517-7633