Markets

First Trust High Income ETF Says Shareholders Approve Merger Deal

First Trust High Income ETF ( FTHI ) said late Monday that shareholders of First Trust Dividend and Income Fund ( FAV ), a closed-end fund, have approved a merger into First Trust High Income ETF ( FTHI ), an actively managed exchange-traded fund, at a joint special meeting of Shareholders Oct. 3.

Concurrently, shareholders of FTHI approved the issuance of FTHI shares in connection with the merger, according to a company's statement.

As previously disclosed, the merger was approved by the board on March 18.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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