First Trust Announces Shareholder Approval of First Trust Mega Cap AlphaDEX® Fund's Reorganization Into First Trust Dow 30 Equal Weight ETF

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that shareholders of each of First Trust Mega Cap AlphaDEX® Fund (Nasdaq: FMK), an index based exchange-traded fund (“ETF”), managed by FTA, and First Trust Dow 30 Equal Weight ETF (NYSE Arca: EDOW), an index based ETF managed by FTA, have approved the reorganization of FMK into EDOW at a joint Special Meeting of Shareholders on November 9, 2020. As previously announced, the reorganization was approved by the Boards of Trustees of FMK and EDOW on January 30, 2020. Subject to the satisfaction of certain customary closing conditions, the reorganization of FMK into EDOW is expected to close by the end of 2020. No assurance can be given as to the exact timing of the closing of the transaction.