First Trust Board Approves Reorganization of First Trust Value Line® 100 Exchange-Traded Fund into First Trust Value Line® Dividend Index Fund

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that the Board of Trustees of First Trust Value Line® 100 Exchange-Traded Fund (NYSE Arca: FVL), an index based exchange-traded fund (“ETF”), managed by FTA, approved the reorganization of FVL into First Trust Value Line® Dividend Index Fund (NYSE Arca: FVD), an index based ETF managed by FTA. The reorganization has also been approved by the Board of Trustees of the FVD. FVD will be the surviving fund.