First Trust Enhanced Short Maturity ETF Announces Reverse Share Split
First Trust Enhanced Short Maturity ETF (the “Fund”) (NASDAQ:FTSM) will undergo a one-for-two reverse share split, whereby each share of the Fund outstanding as of the close of business on November 7, 2014 will automatically convert to one-half share as of the opening of business on November 10, 2014. In addition, at the opening of business on November 10, 2014, the Fund’s shares will no longer trade under the CUSIP number 33739Q101 and will instead trade under the new CUSIP number 33739Q408. First Trust Advisors L.P., the Fund’s investment advisor, announced the reverse share split on October 29, 2014.
First Trust Advisors L.P., along with its affiliate First Trust Portfolios L.P., are privately-held companies which provide a variety of investment services, including asset management and financial advisory services, with collective assets under management or supervision of approximately $101 billion as of October 31, 2014 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts. First Trust Advisors L.P. is based in Wheaton, Illinois.
You should consider the investment objective, risk, charges and expenses of the Fund before investing. The prospectus for the Fund contains this and other important information and is available free of charge by calling toll-free 1-800-621-1675 or visiting http://www.ftportfolios.com. The prospectus should be read carefully before investing.
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