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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.