Shareholders of FGB, a diversified, closed-end management investment company organized as a Massachusetts business trust, have approved the reorganization of FGB with and into FT Confluence BDC & Specialty Finance Income ETF, a newly formed series of First Trust Exchange-Traded Fund VIII (“FBDC”). Subject to the satisfaction of certain customary closing conditions, the reorganization of FGB into FBDC is expected to close prior to the end of 2025, or as soon as practicable thereafter. No assurance can be given as to the exact closing date of the transaction. Upon the completion of the reorganization, which is expected to be tax-free, the assets of FGB will be transferred to, and the liabilities of FGB will be assumed by, FBDC. The shareholders of FGB will receive shares of FBDC with a value equal to the aggregate net asset value of the shares of FGB held by them.
FT Splty Fin and Fin Opp Fd
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