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Stock impact report

First Trust Announces Completion of First Trust Heitman Global Prime Real Estate ETF’s Reorganization into First Trust FTSE EPRA/NAREIT Developed Markets Real Estate Index Fund

First Trust Senior Loan Fund (FTSL) 
Company Research Source: Business Wire
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that the reorganization of First Trust Heitman Global Prime Real Estate ETF (NYSE Arca: PRME), an actively managed exchange-traded fund (“ETF”), managed by FTA, into First Trust FTSE EPRA/NAREIT Developed Markets Real Estate Index Fund (NYSE Arca: FFR), an index based ETF managed by FTA, was completed prior to the open of the NYSE Arca on September 16, 2019.As previously announced, the shareholders of PRME approved the fund’s reorganization into FFR at a Special Meeting of Shareholders on August 22, 2019. The reorganization was approved by the Board of Trustees of each of PRME and FFR on March 11, 2019.In the reorganization, the assets of PRME were transferred to, and the liabilities of PRME were assumed by, FFR. The shareholders of PRME received shares of FFR with a value equal to the aggregate net asset value of the PRME shares held by them. The exchange of shares took place based upon PRME’s and F Show less Read more
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