First Trust Announces Expected Effective Date of First Trust Value Line® 100 Exchange-Traded Fund’s Reorganization into First Trust Value Line® Dividend Index Fund

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 Value Line® 100 Exchange-Traded Fund (NYSE Arca: FVL), an index based exchange-traded fund (“ETF”), managed by FTA, into First Trust Value Line® Dividend Index Fund (NYSE Arca: FVD), an index based ETF managed by FTA, is expected to become effective immediately before the opening of the NYSE Arca on December 14, 2020.