TORONTO, April 28 /CNW/ - First Trust Advantaged Short Duration High
Yield Bond Fund (the "Fund") is pleased to announce that it has
obtained a receipt for the final prospectus for the initial public
offering of units. The offering has a maximum issue size of
The Fund has been established to provide unitholders with a stable
source of tax-advantaged distributions through exposure to the
performance of a diversified, short duration high yield bond portfolio
(the "Portfolio'), actively managed by First Western Capital Management
Company, as Sub-Advisor, comprised primarily of North American high
yield debt securities, generally with remaining terms to maturity of
five years or less.
The Fund, through exposure to the Portfolio, will seek to achieve the
(i) provide unitholders with attractive, monthly, tax-advantaged
(ii) preserve capital.
Class A Units and Class F Units are being offered for $12.00 per unit,
subject to a minimum subscription of $1,200. Closing of the offering
is scheduled for May 20, 2011.
First Defined Portfolio Management Co. is the promoter in connection
with the offering and will act as manager of the Fund.
A syndicate of agents is being co-led by TD Securities Inc., CIBC World
Markets Inc. and RBC Capital Markets, and includes BMO Capital Markets,
National Bank Financial Inc., Scotia Capital Inc., GMP Securities L.P.,
HSBC Securities (Canada) Inc., Raymond James Ltd., Canaccord Genuity
Corp., Desjardins Securities Inc., Wellington West Capital Markets
Inc., Macquarie Private Wealth Inc., Mackie Research Capital
Corporation, Union Securities Ltd. and Manulife Securities
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy securities in the United States, nor
shall there be any sale of the securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful. The securities of
the Fund offered have not been registered under the U.S. Securities Act
of 1933, as amended (the "1933 Act"), or any state securities laws and
may not be offered or sold in the United States or to a U.S. person
absent registration under the 1933 Act or an applicable exemption from
the registration requirements of the 1933 Act and applicable state
The prospectus contains important detailed information about the
securities being offered. Copies of the prospectus may be obtained on www.firsttrust.ca or www.sedar.com or through IIROC registered investment advisors. Investors should read
the prospectus before making an investment decision.
First Trust Advantaged Short Duration High Yield Bond Fund
First Trust Portfolios Canada
First Trust Portfolios Canada is the general 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 a privately owned company and
an affiliate of First Trust Portfolios L.P. (FTP), 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.
First Defined Portfolio Management Co.
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 its products across Canada. FTA is
registered with the Ontario Securities Commission as a non-Canadian
Investment Council and Portfolio Manager and provides investment
advisory services to our Canadian investment funds.
SOURCE First Trust Advantaged Short Duration High Yield Bond Fund
For further information:
please call us at 416.865.8065 or 1.877.622.5552.