FYI: First Trust Advisors L.P. (“FTA”) announced today that shareholders of First Trust Heitman Global Prime Real Estate ETF (NYSE Arca: PRME), an actively managed exchange-traded fund (“ETF”), managed by FTA, have approved the fund’s reorganization into First Trust FTSE EPRA/NAREIT Developed Markets Real Estate Index Fund (NYSE Arca: FFR), an index based ETF managed by FTA, at a Special Meeting of Shareholders on August 22, 2019. As previously announced, the reorganization was approved by the Board of Trustees of each of PRME and FFR on March 11, 2019. Subject to the satisfaction of certain customary closing conditions, the reorganization of PRME into FFR is expected to close as soon as possible. No assurance can be given as to the exact timing of the closing of the transaction.
Regards,
Ted
https://www.businesswire.com/news/home/20190822005689/en/Trust-Announces-Shareholder-Approval-Trust-Heitman-Global
