As filed with the Securities and Exchange Commission on April 25, 2018.
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First Trust Dynamic Europe Equity Income Fund
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PRESS RELEASE SOURCE: First Trust Advisors L.P.
FIRST TRUST ANNOUNCES ADJOURNMENT OF SPECIAL SHAREHOLDER MEETING TO APPROVE NEW
INVESTMENT SUB-ADVISORY AGREEMENT FOR FIRST TRUST DYNAMIC EUROPE EQUITY INCOME
FUND
Wheaton, IL - (BUSINESS WIRE) - April 25, 2018 - First Trust Advisors L.P.
("FTA") announced that the special meeting of shareholders of First Trust
Dynamic Europe Equity Income Fund (NYSE: FDEU) (the "Fund") has been adjourned
in order to allow shareholders additional time to vote on a new investment
sub-advisory agreement for the Fund. The shareholder meeting will reconvene on
Monday, May 7, 2018 at the offices of FTA at 4:00 p.m. Central time at 120 East
Liberty Drive, Suite 400, in Wheaton, Illinois.
In January 2018, FTA announced that the Board of Trustees of the Fund had
approved Janus Capital Management LLC ("Janus Capital") as the investment
sub-advisor of the Fund. Henderson Global Investors (North America) Inc.
("Henderson Global") served as the Fund's investment sub-advisor since the
Fund's inception on September 24, 2015. The transition from Henderson Global to
Janus Capital as the sub-advisor of the Fund is a result of the merger of
Henderson Group plc, the parent company of Henderson Global, and Janus Capital
Group Inc., the parent company of Janus Capital, in May 2017. The merger
resulted in the formation of Janus Henderson Group plc ("Janus Henderson"),
doing business as Janus Henderson Investors.
In connection with the solicitation of proxies to approve the proposal described
above, the Fund has filed a proxy statement. Because the proxy statement
contains important information, the Fund's shareholders are urged to read the
proxy statement and accompanying materials carefully. The Fund's shareholders
are also able to obtain copies of these documents by calling FTA toll-free at
1-800-621-1675. The proxy statement is also available free of charge at the
website of the Securities and Exchange Commission, www.sec.gov. The foregoing is
not a solicitation of any proxy. There can be no assurance that the necessary
percentage of the shareholders of the Fund will vote to approve the proposal.
FTA has served as the Fund's investment advisor since the Fund's inception. FTA
along with its affiliate, First Trust Portfolios L.P., 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 $121 billion as of March 31, 2018
through unit investment trusts, exchange-traded funds, closed-end funds, mutual
funds and separate managed accounts.
Janus Henderson is a global investment management firm that provides a full
spectrum of investment products and services to clients around the world. With
offices in 27 cities and more than 2,000 employees worldwide, Janus Henderson
managed approximately $371 billion in assets as of December 31, 2017.
This press release contains certain forward-looking statements within the
meaning of the Securities Act of 1933, as amended, and the Securities Exchange
Act of 1934, as amended. Forward-looking statements include statements regarding
the goals, beliefs, plans or current expectations of FTA, Henderson Global
and/or Janus Capital and their respective representatives and affiliates, taking
into account the information currently available to them. Forward-looking
statements include all statements that do not relate solely to current or
historical fact. For example, forward-looking statements include the use of
words such as "anticipate," "estimate," "intend," "expect," "believe," "plan,"
"may," "should," "will," "would" or other words that convey uncertainty of
future events or outcomes. Forward-looking statements involve known and unknown
risks, uncertainties and other factors that may cause the actual results,
performance or achievements of the Fund to be materially different from any
future results, performance or achievements expressed or implied by the
forward-looking statements. When evaluating the information included in this
press release, you are cautioned not to place undue reliance on these
forward-looking statements, which reflect the judgment of FTA, Henderson Global
and/or Janus Capital and their respective representatives and affiliates only as
of the date hereof. We undertake no obligation to publicly revise or update
these forward-looking statements to reflect events and circumstances that arise
after the date hereof.
An investment in the Fund will fluctuate. Shares, when sold, may be worth more
or less than their original cost. The Fund is subject to risks, including the
fact that it is a non-diversified closed-end management investment company.
Because the Fund will invest primarily in securities of non-U.S. issuers, which
are generally denominated in non-U.S. currencies, there are risks not typically
associated with investing in securities of U.S. issuers. Non-U.S. issuers are
subject to higher volatility than securities of U.S. issuers. An investor may
lose money if the local currency of a non-U.S. market depreciates against the
U.S. dollar. Investments in securities of issuers located in emerging market
countries are considered speculative and there is a heightened risk of investing
in emerging markets securities. The Fund will engage in practices and strategies
that will result in exposure to fluctuations in foreign exchange rates, thus
subjecting it to foreign currency risk. The Fund's use of derivatives may result
in losses greater than if they had not been used, may require the Fund to sell
or purchase portfolio securities at inopportune times, may limit the amount of
appreciation the Fund can realize on an investment, or may cause the Fund to
hold a security that it might otherwise sell. Use of leverage can result in
additional risk and cost, and can magnify the effect of any losses.
The information presented is not intended to constitute an investment
recommendation for, or advice to, any specific person. By providing this
information, FTA is not undertaking to give advice in any fiduciary capacity
within the meaning of ERISA and the Internal Revenue Code. FTA has no knowledge
of and has not been provided any information regarding any investor. Financial
advisors must determine whether particular investments are appropriate for their
clients. FTA believes the financial advisor is a fiduciary, is capable of
evaluating investment risks independently and is responsible for exercising
independent judgment with respect to its retirement plan clients. The risks of
investing in the Fund are spelled out in the shareholder reports and other
regulatory filings.
This press release does not constitute an offer to sell or a solicitation to
buy, nor shall there be any sale of Fund securities in any state or jurisdiction
in which such offer or solicitation or sale would be unlawful prior to
registration or qualification under the laws of such state or jurisdiction.
Contact:
First Trust Advisors L.P.
Inquiries: Jeff Margolin - (630) 915-6784