TORONTO, Jan. 03, 2020 (GLOBE NEWSWIRE) -- FT Portfolios Canada Co. (the “Manager”), the manager of the First Trust AlphaDEXTM U.S. Materials Sector Index ETF (“FHM”) announces revised reinvested distribution amounts for the year ending December 31, 2019 which supersedes and replaces the manager’s press release dated January 2, 2020 as it pertains to FHM in respect of reinvested distributions. The Manager has determined that reinvested distribution amounts are to be paid in respect of the units of the FHM noted below. Reinvested distributions generally represent realized capital gains and other income or special distributions received by the First Trust ETFs over and above cash distributions paid out during the year and are paid to unitholders, as required, to ensure the First Trust ETFs are not liable for ordinary income tax. These distributions are paid in units which are automatically consolidated and do not impact net asset value per unit. The effective record date for the additional reinvested distribution amounts is December 14, 2019.
Details of the per unit reinvested distribution amounts are shown in the table below:
First Trust AlphaDEXTM U.S. Materials Sector Index ETF
About First Trust
First Trust Canada is the trustee, manager and promoter of the fund. First Trust Canada and its affiliates First Trust Advisors L.P. (“FTA”), portfolio advisor to the fund, an Ontario Securities Commission registered portfolio manager and U.S. Securities and Exchange Commission registered investment advisor, and First Trust Portfolios L.P. (“FTP”), a FINRA registered broker-dealer, are privately held companies that provide a variety of investment services. FTA has collective assets under management or supervision of approximately US $141.6 billion as of November 30, 2019 through exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.
Further information about the Fund can be found at www.firsttrust.ca.
For further information: Media Contact: Susan Johnson, FT Portfolios Canada Co., 40 King Street West, Suite 5102, Scotia Plaza, Box 312, Toronto, ON M5H 3Y2, Email: firstname.lastname@example.org, (416) 865-8054.