QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund

First Trust Advisors L.P. (“FTA”), an investment advisor registered with the SEC, announced today that James A. Bowen, its President, acquired 100% of the voting stock of The Charger Corporation, the general partner of FTA (the “Transaction”). FTA is a limited partnership with one limited partner and one general partner (The Charger Corporation). The Transaction is not expected to impact the day-to-day operations of any of the Funds or FTA. The consummation of the Transaction is deemed to be an “assignment” (as defined in the Investment Company Act of 1940, as amended) of the investment management agreements and, if applicable, the investment sub-advisory agreements, for each Fund in the First Trust Fund Complex and resulted in the automatic termination of the agreements. The names of the Funds are set forth below.

The Board of Trustees of each Fund, except as described below, has approved an interim investment management agreement with FTA and, if applicable, an interim investment sub-advisory agreement, which were entered into effective upon the closing of the Transaction and will be in effect for a maximum period of 150 days. New investment management agreements with FTA and, if applicable, new investment sub-advisory agreements have been approved by the Board of Trustees of each Fund and will be submitted to shareholders of each Fund as of the record date (September 30, 2010) for approval and will take effect upon such shareholder approval. A special shareholder meeting of each Fund to vote on a proposal to approve the new investment management and, if applicable, the new investment sub-advisory agreement, is expected to be held in December, 2010.

FIRST TRUST CLOSED-END FUNDS

 

TICKERSYMBOL

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund MFD First Trust/Four Corners Senior Floating Rate Income Fund II FCT Energy Income and Growth Fund FEN First Trust Enhanced Equity Income Fund FFA First Trust/Aberdeen Global Opportunity Income Fund FAM First Trust/FIDAC Mortgage Income Fund FMY First Trust Strategic High Income Fund FHI First Trust Strategic High Income Fund II FHY First Trust/Aberdeen Emerging Opportunity Fund FEO First Trust Strategic High Income Fund III FHO First Trust Specialty Finance and Financial Opportunities Fund FGB First Trust Active Dividend Income Fund FAV First Trust High Income Long/Short Fund FSD  

FIRST TRUST EXCHANGE-TRADED FUND

TICKERSYMBOL

First Trust Strategic Value Index Fund FDV First Trust Dow Jones Internet IndexSM Fund FDN First Trust Dow Jones Select MicroCap IndexSM Fund FDM First Trust ISE Chindia Index Fund FNI First Trust ISE-Revere Natural Gas Index Fund FCG First Trust ISE Water Index Fund FIW First Trust Morningstar® Dividend LeadersSM Index Fund FDL First Trust NASDAQ-100 Equal Weighted IndexSM Fund QQEW First Trust NASDAQ-100 Ex-Technology Sector IndexSM Fund QQXT First Trust NASDAQ-100-Technology Sector IndexSM Fund QTEC First Trust NASDAQ® ABA Community Bank Index Fund QABA First Trust NASDAQ® Clean Edge® Green Energy Index Fund QCLN First Trust NYSE Arca Biotechnology Index Fund FBT First Trust S&P REIT Index Fund FRI First Trust US IPO Index Fund FPX First Trust Value Line® 100 Exchange-Traded Fund FVL First Trust Value Line® Dividend Index Fund FVD First Trust Value Line® Equity Allocation Index Fund FVI

FIRST TRUST EXCHANGE-TRADED FUND II

First Trust BICK Index Fund BICK First Trust Dow Jones Global Select Dividend Index Fund FGD First Trust STOXX® European Select Dividend Index Fund FDD First Trust FTSE EPRA/NAREIT Developed Markets Real Estate Index Fund FFR First Trust ISE Global Copper Index Fund CU First Trust ISE Global Engineering and Construction Index Fund FLM First Trust ISE Global Platinum Index Fund PLTM First Trust ISE Global Wind Energy Index Fund FAN First Trust NASDAQ® Clean Edge® Smart Grid Infrastructure Index Fund GRID

FIRST TRUST EXCHANGE-TRADED ALPHADEX® FUND

First Trust Consumer Discretionary AlphaDEX® Fund FXD First Trust Consumer Staples AlphaDEX® Fund FXG First Trust Energy AlphaDEX® Fund FXN First Trust Financials AlphaDEX® Fund FXO First Trust Health Care AlphaDEX® Fund FXH First Trust Industrials/Producer Durables AlphaDEX® Fund FXR First Trust Materials AlphaDEX® Fund FXZ First Trust Technology AlphaDEX® Fund FXL First Trust Utilities AlphaDEX® Fund FXU First Trust Large Cap Core AlphaDEX® Fund FEX First Trust Mid Cap Core AlphaDEX® Fund FNX First Trust Small Cap Core AlphaDEX® Fund FYX First Trust Large Cap Value Opportunities AlphaDEX® Fund FTA First Trust Large Cap Growth Opportunities AlphaDEX® Fund FTC First Trust Multi Cap Value AlphaDEX® Fund FAB First Trust Multi Cap Growth AlphaDEX® Fund FAD    

FIRST DEFINED PORTFOLIO FUND, LLC

Target Managed VIP Portfolio The Dow® DART 10 Portfolio The Dow® Target Dividend Portfolio Global Dividend Target 15 Portfolio S&P® Target 24 Portfolio NASDAQ® Target 15 Portfolio First Trust Target Focus Four Portfolio Value Line® Target 25 Portfolio  

First Trust High Income Long/Short Fund completed its initial public offering on September 30, 2010 and approval by current shareholders of this Fund is not required.

FTA also announced that First Trust/Four Corners Senior Floating Rate Income Fund II will change its name to “First Trust Senior Floating Rate Income Fund II,” effective today and will continue to trade under the same ticker symbol “FCT.” As previously announced, the Leveraged Finance Investment Group of FTA has, effective today, taken over day-to-day responsibility for management of the Fund’s portfolio. As a result, no interim sub-advisory agreement has been entered into for FCT.

FTA and its affiliate First Trust Portfolios L.P. (“FTP”) are privately-held companies which provide a variety of investment services, including asset management, financial advisory services, and municipal and corporate investment banking, with collective assets under management or supervision of over $36 billion as of September 30, 2010 through closed-end funds, unit investment trusts, mutual funds, separate managed accounts and exchange-traded funds.