FT Portfolios Canada Co. Announces Merger Exchange Ratios and Final Distribution Amount for First Trust AlphaDEX™ Canadian ...
October 13 2017 - 11:34PM
FT Portfolios Canada Co. (the “Manager”), the manager of First
Trust AlphaDEX™ Canadian Dividend ETF (“
FDY”)
(TSX:FDY) (TSX:FDY.A) announced today the exchange ratios in
connection with the merger (the “Merger”) of FDY and First Trust
Canadian Capital Strength ETF (“
FST”) (TSX:FST)
(TSX:FST.A).
Pursuant to the Merger, each holder of common
units of FDY will automatically receive 0.608480 common units for
each common unit of FDY held and each holder of advisor class units
of FDY will automatically receive 0.722499 advisor class units for
each advisor class unit of FDY held on the effective date of the
Merger, being October 16, 2017.
On October 6, 2017 the Manager announced that a
special distribution of $0.09 per common unit and $0.09 per advisor
class unit of FDY payable to unitholders of record on October 10,
2017.
The Manager is also announcing today a final
distribution payable today to unitholders of record of FDY at the
close of business on October 13, 2017 in the amount of $.002341 per
common unit and $0.002342 per advisor class unit consisting of net
income not previously distributed by the fund. The final
distribution will be automatically reinvested in additional units
and consolidated such that the number of common units and advisor
class units of FDY outstanding prior to and immediately following
the final distribution will not change.
Units of FDY were delisted at the close of
business on October 13, 2017. Unitholders of FDY are not required
to take any action in order to become unitholders of FST.
Details of the Merger are outlined in a
management information circular dated August 10, 2017 that is
available on www.sedar.com and www.firsttrust.ca.
About First Trust
The First Trust companies are a well-respected
global enterprise with a history in the U.S. market since 1991 and
in Canada since 1996. As of June 30, 2017, First Trust Advisors
L.P., the portfolio advisor for FDY, has approximately US$45.6
billion in exchange-traded fund assets under management and more
than US$107.6 billion total assets under supervision or management.
First Trust is the enterprise name used for the various businesses
conducted in Europe, Mexico, Canada and the U.S.
Further information about FDY and FST can be
found at www.firsttrust.ca.
For further information: Media Contact: Susan
Johnson, FT Portfolios Canada Co., 40 King Street West, Suite 5102,
Scotia Plaza, Box 312, Toronto, ON M5H 3Y2, Email:
susanjohnson@firsttrust.ca, (416) 865-8054.
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