FT Portfolios Canada Co. Announces completion of the conversion of First Trust Capital Strength Portfolio from a conventional mutual fund to an exchange traded fund named First Trust Capital Strength
FT Portfolios Canada Co. Announces completion of the conversion of First Trust Capital Strength Portfolio from a conventional mutual fund to an exchange traded fund named First Trust Capital Strength ETF (the "Fund")
Canada NewsWire
TORONTO, Nov. 18, 2016
TORONTO, Nov. 18, 2016 /CNW/ - FT Portfolios Canada Co. (the "Manager"), the manager of the Fund is pleased to announce the completion of the conversion of First Trust Capital Strength Portfolio from a conventional mutual fund to an exchange traded fund named First Trust Capital Strength ETF (TSX: FST/FST.A) (the "Conversion").
Pursuant to the Conversion Class A Units of the Fund were redesignated as Advisor Class Units and Class F Units of the Fund were redesignated Common Units.
The Fund seeks to provide unitholders with long term capital appreciation by investing primarily in securities traded on a Canadian exchange or market. Further, an investment strategy of the Fund is to invest in equity securities of Canadian public companies.
Further information about FT Portfolios Canada's ETFs can be found at www.firsttrust.ca.
SOURCE FT Portfolios Canada Co.
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