First Trust Board Approves Reorganization of EquityCompass Tactical Risk Manager ETF into EquityCompass Risk Manager ETF

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that the Board of Trustees of EquityCompass Tactical Risk Manager ETF (NYSE Arca: TERM) and Equity Compass Risk Manager ETF (NYSE Arca: ERM), each, an actively managed exchange-traded fund (“ETF”) managed by FTA and sub-advised by EquityCompass Investment Management, LLC (“EquityCompass”), approved the reorganization of TERM into ERM. ERM will be the surviving fund.