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PRESS RELEASE SOURCE: First Trust Advisors L.P.
FIRST TRUST ADVISORS L.P. ANNOUNCES PORTFOLIO MANAGER UPDATE FOR FIRST TRUST
SPECIALTY FINANCE AND FINANCIAL OPPORTUNITIES FUND
WHEATON, IL -- (BUSINESS WIRE) -- November 6, 2018 -- First Trust Advisors L.P.
("FTA") announced today that Confluence Investment Management, LLC
("Confluence"), investment sub-advisor for First Trust Specialty Finance and
Financial Opportunities Fund (NYSE: FGB) (the "Fund"), will release an update on
the market and the Fund for financial advisors and investors. The update will be
available THURSDAY, NOVEMBER 8, 2018, AT 5:00 P.M. EASTERN TIME UNTIL 11:59 P.M.
EASTERN TIME ON FRIDAY, DECEMBER 7, 2018. To listen to the update, follow these
instructions:
-- Dial: (888) 203-1112; International (719) 457-0820; and Passcode
# 4093535 and PIN # 2526. The update will be available from
Thursday, November 8, 2018, at 5:00 P.M. Eastern Time until 11:59 P.M.
Eastern Time on Friday, December 7, 2018.
The Fund is a non-diversified, closed-end management investment company that
seeks to provide a high level of current income. As a secondary objective, the
Fund seeks to provide attractive total return. The Fund pursues these investment
objectives by investing at least 80% of its managed assets in a portfolio of
securities of specialty finance and other financial companies that the Fund's
investment sub-advisor believes offer attractive opportunities for income and
capital appreciation.
FTA is a federally registered investment advisor and serves as the Fund's
investment advisor. FTA and its affiliate 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 $134 billion as of September 30, 2018 through unit
investment trusts, exchange-traded Funds, closed-end Funds, mutual Funds and
separate managed accounts. FTA is the supervisor of the First Trust unit
investment trusts, while FTP is the sponsor. FTP is also a distributor of mutual
Fund shares and exchange-traded Fund creation units. FTA and FTP are based in
Wheaton, Illinois.
Confluence, an SEC registered investment advisor, serves as the Fund's
investment sub-advisor. The Confluence team has more than 500 years of combined
financial experience and 300 years of portfolio management experience,
maintaining a proven track record that dates back to 1994. As of September 30,
2018, Confluence had $9.0 billion dollars in assets under management and
supervision.
Investment return and market value of an investment in the Fund will fluctuate.
Shares, when sold, may be worth more or less than their original cost.
Principal Risk Factors: The Fund invests in business development companies
("BDCs") which may be subject to a high degree of risks, including management's
ability to meet the BDC's investment objective, and to manage the BDC's
portfolio when the underlying securities are redeemed or sold, during periods of
market turmoil and as investors' perceptions regarding a BDC or its underlying
investments change.
Investing in real estate investment trusts ("REITs") involves certain unique
risks in addition to investing in the real estate industry in general. REITs are
subject to interest rate risk and the risk of default by lessees or borrowers.
The Fund may invest in a variety of other mortgage-related securities. Rising
interest rates tend to extend the duration of mortgage-related securities,
making them more sensitive to changes in interest rates, and may reduce the
market value of the securities. In addition, mortgage-related securities are
subject to the risk that borrowers may pay off their mortgages sooner than
expected, particularly when interest rates decline. This can reduce the Fund's
returns. The Fund's investments in other asset-backed securities are subject to
risks similar to those associated with mortgage-backed securities, as well as
additional risks associated with the nature of the assets and the servicing of
those assets.
Because the Fund is concentrated in the financials sector, it will be more
susceptible to adverse economic or regulatory occurrences affecting this sector,
such as changes in interest rates, availability and cost of capital funds, and
competition.
Use of leverage can result in additional risk and cost, and can magnify the
effect of any losses.
The risks of investing in the Fund are spelled out in the prospectus,
shareholder report and other regulatory filings.
The information presented is not intended to constitute an investment
recommendation for, or advice to, any specific person. By providing this
information, First Trust is not undertaking to give advice in any fiduciary
capacity within the meaning of ERISA and the Internal Revenue Code. First Trust
has no knowledge of and has not been provided any information regarding any
investor. Financial advisors must determine whether particular investments are
appropriate for their clients. First Trust believes the financial advisor is a
fiduciary, is capable of evaluating investment risks independently and is
responsible for exercising independent judgment with respect to its retirement
plan clients.
The Fund's daily closing New York Stock Exchange price and net asset value per
share as well as other information can be found at www.ftportfolios.com or by
calling 1-800-988-5891.
CONTACT: JEFF MARGOLIN - (630) 915-6784
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Source: First Trust Advisors L.P.
