First Trust Brazil AlphaDEX Fund to liquidate in July

WHEATON, Illinois - First Trust Advisors L.P. (FTA) announced Tuesday that the First Trust Brazil AlphaDEX Fund (NASDAQ:FBZ), currently trading at $11.59 and up 28.75% year-to-date, will be liquidated following approval from the Board of Trustees of First Trust Exchange-Traded AlphaDEX Fund II.

The decision to liquidate the fund, which maintains a market capitalization of $6.95 million and offers a 1.8% dividend yield, was based on a recommendation from FTA, the fund’s investment advisor, who determined the action was in the best interests of the fund. InvestingPro analysis reveals several key metrics and performance indicators for this fund - unlock comprehensive insights and real-time data with a subscription.

Shareholders can sell their holdings in the fund prior to the end of trading on July 11, 2025, with standard brokerage charges applying to these transactions. July 11 will also be the final day the fund accepts creation and redemption orders, after which the fund’s shares will be de-listed.

The liquidation is scheduled to occur on or around July 18, 2025. Investors still holding shares on the liquidation date will receive cash redemption amounts equal to the net asset value of their shares after the fund has settled all outstanding obligations. Shareholders will generally recognize a capital gain or loss on any redemption.

FTA, a federally registered investment advisor, manages the fund and has approximately $255 billion in assets under management or supervision as of April 30, 2025, according to the press release statement. The firm offers various investment services through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separately managed accounts.

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