First Trust Advisors L.P. (“First Trust”) announced today that the Board
of Trustees (“Board”) of First Trust Exchange-Traded Fund II (the
“Trust”), on behalf of First Trust Indxx Global Agriculture ETF (the
“Fund”), an index-based exchange-traded fund (Nasdaq: FTAG) approved a 1
for 5 reverse share split.
The reverse share split will result in every five outstanding shares
being converted into one share, thereby reducing the number of shares
outstanding. Fractional shares will be paid out in cash to the
beneficial shareholder. Once the reverse share split is complete, each
shareholder’s account will reflect one-fifth fewer shares with a net
asset value per share that reflects the combined shares. The Fund’s
shares will continue to trade under the same ticker symbol, FTAG. The
Fund’s current CUSIP number 33734X820 will be replaced by a new CUSIP
number, 33734X812. First Trust currently anticipates the reverse share
split will be effective as of the opening of business on The Nasdaq
Stock Market, LLC on or about May 2, 2016, subject to all regulatory
requirements and other conditions being satisfied.
The Fund, formerly the First Trust Global Platinum Index Fund, launched
on March 12, 2010. The Fund’s investment objective is to seek investment
results that correspond generally to the price and yield, before the
Fund's fees and expenses, of an equity index called the Indxx Global
Agriculture Index.
First Trust Advisors L.P., the Fund’s investment advisor, 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 $96 billion as of March 31,
2016 through unit investment trusts, exchange-traded funds, closed-end
funds, mutual funds and separate managed accounts.
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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