The First Trust Enhanced Short Maturity ETF is to undergo a one-for-two reverse share split, whereby each share of the fund outstanding as of the close of business on 7 November will automatically convert to one-half share as of the opening of business on 10 November.
In addition, at the opening of business on 10 November, the fund’s shares will no longer trade under the CUSIP number 33739Q101 and will instead trade under the new CUSIP number 33739Q408.
First Trust Advisors, the fund’s investment advisor, announced the reverse share split on 29 October 2014.
First Trust Advisors, along with its affiliate First Trust Portfolios, are privately-held companies which provide a variety of investment services, including asset management and financial advisory services, with collective assets under management or supervision of approximately USD101 billion as of 31 October 2014 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts. First Trust Advisors is based in Wheaton, Illinois.