American Stock Exchange to Trade Options on First Trust Morningstar(R) Dividend Leaders Index Fund (FDL)
March 14 2006 - 2:22PM
PR Newswire (US)
NEW YORK, March 14 /PRNewswire/ -- The American Stock Exchange(R)
(Amex(R)) will launch trading in options on Wednesday, March 15,
2006 on the following exchange traded fund: * The First Trust
Morningstar Dividend Leaders Index Fund ETF (Symbol: FDL) The First
Trust Morningstar Dividend Leaders Index Fund ETF options will open
with strike prices of 15-25 (1- point increments) and position
limits of 2,500,000 shares. The options will trade on the March
expiration cycle. The specialist will be Susquehanna Investment.
The First Trust Morningstar Dividend Leaders Index Fund seeks
investment results that correspond generally to the price and yield
(before the Fund's fees and expenses) of an equity index called the
Morningstar(R) Dividend Leaders Index. The objective of the Index
is to offer investors a benchmark for dividend portfolios as well
as a means to invest in a portfolio of stocks that have a
consistent record of growing dividends as well as the ability to
sustain them. The Index consists of the top 100 stocks, based on
dividend yield, of the securities listed on US national securities
exchanges that have been selected through the application of
Morningstar's proprietary multi-step screening process. For more
information on any Amex-listed company, please visit
http://www.amex.com/. The American Stock Exchange(R) (Amex(R)) is
the only primary exchange that offers trading across a full range
of equities, options and exchange traded funds (ETFs), including
structured products and HOLDRS(SM). In addition to its role as a
national equities market, the Amex is the pioneer of the ETF,
responsible for bringing the first domestic product to market in
1993. Leading the industry in ETF listings, the Amex lists 161
ETFs. The Amex is also one of the largest options exchanges in the
U.S., trading options on broad-based and sector indexes as well as
domestic and foreign stocks. For more information, please visit
http://www.amex.com/. DATASOURCE: American Stock Exchange CONTACT:
Media Contact: Kelsey Hubbard, American Stock Exchange, +1-212-
306-1640, Web site: http://www.amex.com/
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