First Trust Announces Shareholder Approval of Reorganizations

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that shareholders 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, have approved the reorganization of each fund into First Trust Developed Markets ex-US AlphaDEX® Fund (Nasdaq: FDT), an index based ETF managed by FTA, at a Joint Special Meeting of Shareholders on September 14, 2020. As previously announced, the reorganizations were approved by the Board of Trustees of each of FAUS, FCAN, FHK, FKO and FDT on January 30, 2020. Subject to the satisfaction of certain customary closing conditions, the reorganizations of FAUS, FCAN, FHK and FKO into FDT are expected to close by the end of October 2020. No assurance can be given as to the exact timing of the closing of the transaction.