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The latest update is out from First Trust Specialty Finance and Financial Opportunities Fund ( (FGB) ).
On May 6, 2025, shareholders of FGB approved the reorganization of the company into FT Confluence BDC & Specialty Finance Income ETF, a newly formed series of First Trust Exchange-Traded Fund VIII. This reorganization is expected to close by the end of 2025, pending the satisfaction of customary closing conditions, potentially impacting FGB’s market positioning and operational structure.
More about First Trust Specialty Finance and Financial Opportunities Fund
First Trust Specialty Finance and Financial Opportunities Fund (FGB) is a diversified, closed-end management investment company organized as a Massachusetts business trust. It operates within the financial sector, focusing on specialty finance and financial opportunities.
Average Trading Volume: 37,664
For a thorough assessment of FGB stock, go to TipRanks’ Stock Analysis page.