First Trust Merger Arbitrage ETF to Rebrand as Hedged BuyWrite ETF and Change Ticker to HEDG on June 19, 2026

First Trust Advisors L.P. has established a formal timeline for upcoming modifications to the investment strategy, name, and ticker symbol of the First Trust Merger Arbitrage ETF (MARB). The fund will transition to a new investment objective and adopt the name First Trust Hedged BuyWrite ETF, while changing its ticker symbol to HEDG, effective June 19, 2026.

Under the new strategy, the fund will shift its focus from merger arbitrage to a hedged buy-write approach. This transition involves the fund writing call options on the S&P 500 Index while simultaneously purchasing put options on the same index to provide a hedge against market volatility. The fund will continue to be managed by First Trust Advisors L.P. and will remain listed on the NYSE Arca. Shareholders of record as of the close of business on June 18, 2026, will see these changes reflected in their accounts when markets open on the following business day.

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Date: June 2, 2026

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GOAI