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Business Wire
3 months ago
First Trust Announces a 1-for-5 Reverse Share Split for FT Confluence BDC & Specialty Finance ETF
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that the Board of Trustees (the “Board”) of First Trust Exchange-Traded Fund VIII (the “Trust”), on behalf of FT Confluence BDC & Specialty Finance ETF (the “Fund”), an actively-managed exchange-traded fund (NYSE Arca: FBDC), approved a 1-for-5 reverse share split. The reverse share split will result in every five outstanding shares of the Fund being converted into one share of the Fund, with any resulting fra.