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FBDC
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27 days

First Trust Announces Upcoming CUSIP Change for FT Confluence BDC & Specialty Finance ETF

1. FBDC's Board announced a 1-for-5 reverse share split. 2. This move may aim to increase share price and attract investors.

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FAQ

Why Bullish?

Reverse stock splits often signal management's intent to boost share price, improving market perception. Historical examples show stocks like Citigroup benefited from such actions, leading to increased investor interest.

How important is it?

The announcement of a reverse split is a significant corporate action, influencing investor sentiment and market dynamics surrounding FBDC.

Why Short Term?

The immediate market reaction to the reverse split will be assessed quickly, affecting FBDC's price soon after the announcement.

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WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced yesterday that the Board of Trustees of First Trust Exchange-Traded Fund VIII, on behalf of FT Confluence BDC & Specialty Finance ETF (the “Fund”), an actively-managed exchange-traded fund (NYSE Arca: FBDC), approved a 1-for-5 reverse share split.

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