First Defined Portfolio Management Co. is pleased to announce the launch of
First Trust Global Capital Strength Portfolio

TORONTO, April 23 /CNW/ - First Defined Portfolio Management Co. is pleased to announce the launch of First Trust Global Capital Strength Portfolio (Fund Code FTC556), an open-end mutual fund trust (the "Fund"). The Fund will be advised by an experienced investment management team at First Trust Advisors, L.P. ("FTA"), an affiliate of First Defined Portfolio Management Co.

The Fund provides a convenient and efficient way to add an international dimension to your investment portfolio. As a global investment, it allows you to expand your investment choices and participate in the long-term growth potential of foreign companies.

The fundamental investment objective of the Fund is to provide long-term capital appreciation by investing primarily in equity securities traded on a U.S. exchange or market. Equity securities include common shares and American Depository Receipts of global companies.

The Fund is suitable for investors who consider growth (through capital appreciation) an important investment objective. To recognize a reasonable rate of return, investors should be prepared to invest for at least the medium term - defined as 3 years. The portfolio's holdings are equity securities of mid- to large-capitalization global issuers traded on a U.S. exchange or market, so we believe this Fund is suitable for investors with a moderate risk tolerance level.

Diversification is one of the benefits of this portfolio; a well-diversified investment can help reduce the volatility of a portfolio over time, in our opinion. To achieve its investment objective, the Fund uses a multi-step quantitative selection process to identify its investible universe of securities. The selection process is designed to identify companies that offer an attractive debt to equity ratio and strong operating profit, among other things.

A copy of the prospectus may be obtained from your registered financial advisor or by visiting www.firsttrust.ca.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus of the Fund before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

First Trust Portfolios Canada

First Trust is a well-respected global business with a history in the U.S. market since 1991 and in Canada since 1996. First Trust has over US$30 billion in assets under supervision or management. First Trust is the umbrella name used for the various businesses conducted in both Canada and the U.S.

First Trust Portfolios Canada is the brand name under which we create our investment products in Canada and the name we are generally known by with advisors and clients. Our business model enables retail investment distribution firms to provide unique and customized investment strategies for their investment advisors on a timely and cost effective basis. First Trust Portfolios Canada is headquartered in Toronto with sales and service capabilities across Canada. First Defined Portfolio Management Co. (FDPM) is registered with the Ontario Securities Commission as a mutual fund dealer and provides sales and marketing support for our products across Canada. FDPM is a privately owned company and an affiliate of First Trust Portfolios L.P., a U.S. registered broker-dealer, and First Trust Advisors L.P. (FTA), a U.S. registered investment advisor, both of which are located in Wheaton, Illinois, a suburb of Chicago. FTA is registered with the Ontario Securities Commission as a portfolio manager and provides investment advisory services to our Canadian investment funds.

SOURCE FT Portfolios Canada Co.

For further information: For further information: First Defined Portfolio Management Co. @ 1-877-622-5552

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FT Portfolios Canada Co.

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