First Trust Announces Shareholder Approval 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 shareholders of First Trust Value Line® 100 Exchange-Traded Fund (NYSE Arca: FVL), an index based exchange-traded fund (“ETF”), managed by FTA, have approved the reorganization of FVL into First Trust Value Line® Dividend Index Fund (NYSE Arca: FVD), an index based ETF managed by FTA, at a Special Meeting of Shareholders on November 16, 2020. As previously announced, the reorganization was approved by the Board of Trustees of FVL and FVD on January 30, 2020. Subject to the satisfaction of certain customary closing conditions, the reorganization of FVL into FVD 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.