First Trust Announces Results of Special Meeting of Shareholders Relating to the Reorganization of First Trust Specialty Finance and Financial Opportunities Fund with and into FT Confluence BDC & Specialty Finance Income ETF
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 06 2025
0mins
Source: Newsfilter
Shareholder Approval: Shareholders of First Trust Specialty Finance and Financial Opportunities Fund (FGB) approved the reorganization into FT Confluence BDC & Specialty Finance Income ETF (FBDC), expected to close by the end of 2025, subject to customary conditions.
Investment Management Details: First Trust Advisors L.P. manages approximately $258 billion in assets, with Confluence Investment Management serving as the sub-advisor for both FGB and FBDC, holding $12.7 billion in assets under management and advisement.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
