First Trust Announces Expected Effective Date of ETF Reorganization

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that, subject to the satisfaction of certain customary closing conditions, the reorganization of First Trust Australia AlphaDEX® Fund (NYSE Arca: FAUS), First Trust Canada AlphaDEX® Fund (Nasdaq: FCAN), First Trust Hong Kong AlphaDEX® Fund (Nasdaq: FHK), and First Trust South Korea AlphaDEX® Fund (Nasdaq: FKO), each an index based exchange-traded fund (“ETF”), managed by FTA, into First Trust Developed Markets ex-US AlphaDEX® Fund (Nasdaq: FDT), an index based ETF managed by FTA, is expected to become effective immediately before the opening of the Nasdaq on November 2, 2020.