TORONTO, Feb. 8, 2016 /CNW/ - (TSX: FSD, FHY) FT Portfolios Canada Co. (the "Manager"), the manager of each of First Trust Short Duration High Yield Bond ETF (CAD-Hedged) ("FSD") (TSX:FSD) and First Trust Short Duration High Yield Bond ETF ("FHY") (TSX:FHY), announced today the exchange ratios in connection with the merger of FHY into FSD.
Pursuant to the merger, each holder of Common Units of FHY will automatically receive 0.835230 Common Units of FSD for each Common Unit of FHY held, and each holder of Advisor Class Units of FHY will automatically receive 0.929031 Advisor Class Units of FSD for each Advisor Class Unit of FHY held. The merger will become effective today.
Trading of Common Units and Advisor Class Units of FHY will be halted at the opening of trading on February 12, 2015 and will be delisted at the close of business on that day. Unitholders of FHY are not required to take any action in order to become unitholders of FSD.
Further information about FT Portfolios Canada's ETFs can be found at www.firsttrust.ca.
SOURCE FT Portfolios Canada Co.
For further information: Media Contact: Fraser Howell, President, FT Portfolios Canada Co., 330 Bay Street, Suite 1300, Toronto, Ontario, M5H 2S8, Email: FraserHowell@firsttrust.ca, 1-877-622-5552.