First Trust Board Approves Reorganization of First Trust Mega Cap AlphaDEX® Fund into First Trust Dow 30 Equal Weight ETF
FIRST TRUST MEGA CAP ALPHADEX (FMK)
US:NASDAQ Investor Relations:
ftportfolios.com/retail/etf/etfsummary.aspx?ticker=fmk
Company Research
Source: Business Wire
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that the Board of Trustees of First Trust Mega Cap AlphaDEX® Fund (Nasdaq: FMK), an index based exchange-traded fund (“ETF”), managed by FTA, approved the reorganization of FMK into First Trust Dow 30 Equal Weight ETF (NYSE Arca: EDOW), an index based ETF managed by FTA. The reorganization has also been approved by the Board of Trustees of the EDOW. EDOW will be the surviving fund.Under the terms of the proposed transaction, which is expected to be tax-free, the assets of FMK would be transferred to, and the liabilities of FMK would be assumed by, EDOW, and shareholders of FMK would receive shares of EDOW with a net asset value equal to the aggregate net asset value of the FMK shares held by them. It is currently expected that the transaction will be consummated no later than the second quarter of 2020, subject to requisite approvals by FMK and EDOW shareholders and satisfaction of applicable regulat
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