Board Approves New and Interim Investment Sub-Advisory Agreements for First Trust Enhanced Equity Income Fund
Summary
The closing of the Transaction (“Closing”), which is anticipated to occur during the second quarter of 2022, may operate as an “assignment” (as defined in the Investment Company Act of 1940, as amended) of the Fund’s existing sub-advisory agreement with Chartwell, which may result in the automatic termination of such agreement in accordance with its terms. FTA and its affiliate First Trust Portfolios L.P. (“FTP”), a INFRA registered broker-dealer, are privately-held companies that provide a variety of investment services. When evaluating the information included in this press release, you are cautioned not to place undue reliance on these forward-looking statements, which reflect the judgment of FTA and/or Chartwell and their respective representatives only as of the date hereof. No obligation will be undertaken to publicly revise or update these forward-looking statements to reflect events and circumstances that arise after the date hereof. The Fund, FTA, Chartwell and certain of their respective directors/trustees, officers and affiliates may be deemed under the rules of the SEC to be participants in the solicitation of proxies from shareholders in connection with the matters described above.