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PRESS RELEASE SOURCE: First Trust Advisors L.P.
FIRST TRUST ADVISORS L.P. ANNOUNCES PORTFOLIO MANAGER CALL FOR FIRST TRUST
SPECIALTY FINANCE AND FINANCIAL OPPORTUNITIES FUND
WHEATON, IL -- (BUSINESS WIRE) -- August 14, 2013 -- First Trust Advisors L.P.
("FTA") announced today that First Trust Specialty Finance and Financial
Opportunities Fund (NYSE: FGB) intends to host a conference call with Confluence
Investment Management, LLC ("Confluence"), the Fund's investment sub-advisor, on
WEDNESDAY, AUGUST 28, 2013, AT 4:15 P.M. EASTERN TIME. The purpose of the call
is to hear the Fund's portfolio management team provide an update for the Fund.
-- Dial-in Number: (866) 865-6631; International (706) 679-1727; and Passcode
# 19808671. Please call 10 to 15 minutes before the scheduled start of the
teleconference.
-- Telephone Replay: (800) 585-8367; International (404) 537-3406; and
Passcode # 19808671. The replay will be available after the call until
11:59 P.M. Eastern Time on Saturday, September 28, 2013.
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.
First Trust Advisors L.P., the Fund's investment advisor, along with its
affiliate First Trust Portfolios L.P., are privately-held companies which
provide a variety of investment services, including asset management and
financial advisory services, with collective assets under management or
supervision of approximately $73 billion as of July 31, 2013, through unit
investment trusts, exchange-traded funds, closed-end funds, mutual funds and
separate managed accounts.
Confluence Investment Management LLC ("Confluence"), an SEC registered
investment advisor, serves as the Fund's investment sub-advisor. The investment
professionals at Confluence have over 80 years of aggregate portfolio management
experience. Confluence provides portfolio management and advisory services to
both institutional and individual clients. As of June 30, 2013, Confluence
managed or supervised over $1.8 billion in assets.
If you have questions about the Fund that you would like answered on the call,
please email your questions to cefquestions@ftadvisors.com in advance of the
call and refer to FGB by Monday, August 26, 2013, 6:00 P.M. Eastern Time.
Past performance is no assurance of future results. 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: Investment in this Fund involves management risk;
sub-advisor risk; value investing risk; income risk; specialty finance and other
financial companies risks; common stock risk; preferred stock and trust
preferred securities risk; convertible securities risk; fixed-income securities
risk; lower grade and distressed securities risk; business development company
risk; REIT, mortgage-related and asset-backed securities risks; infrastructure
trust risk; income trust and master limited partnership risks; tax risks;
non-U.S. securities risk; currency risk; liquidity risk; leverage risk;
non-diversification risk; inflation/deflation risk; market discount from net
asset value risk; and market disruption risk.
Financial Sector Concentration Risk: Under normal market conditions, the Fund
will invest at least 25% of its total assets in securities of companies within
industries in the financial sector. A fund concentrated in a single industry or
group of industries is likely to present more risks than a fund that is broadly
diversified over several industries or groups of industries. Compared to the
broad market, an individual sector may be more strongly affected by changes in
the economic climate, broad market shifts, moves in a particular dominant stock,
or regulatory changes. Specialty Finance and other financial companies in
general are subject to extensive government regulation, which may change
frequently. The profitability of specialty finance and other financial companies
is largely dependent upon the availability and cost of capital funds, and may
fluctuate significantly in response to changes in interest rates, as well as
changes in general economic conditions. From time to time, severe competition
may also affect the profitability of specialty finance and other financial
companies. Financial companies can be highly dependent upon access to capital
markets and any impediments to such access, such as general economic conditions
or a negative perception in the capital markets of a company's financial
condition or prospects could adversely affect its business. Leasing companies
can be negatively impacted by changes in tax laws which affect the types of
transactions in which such companies engage.
REIT, Mortgage-Related and Asset-Backed Securities Risks: Investing in REITs
involves certain unique risks in addition to investing in the real estate
industry in general. REITs are subject to interest rate risks (especially
Mortgage REITs) and the risk of default by lessees or borrowers. An Equity REIT
may be affected by changes in the value of the underlying properties owned by
the REIT. A Mortgage REIT may be affected by the ability of the issuers of its
portfolio mortgages to repay their obligations. REITs whose underlying assets
are concentrated in properties used by a particular industry are also subject to
risks associated with such industry. REITs may have limited financial resources,
their securities may trade less frequently and in a limited volume, and their
securities may be subject to more abrupt or erratic price movements than larger
company securities. In addition to REITs, the Fund may invest in a variety of
other mortgage-related securities, including commercial mortgage securities and
other mortgage-backed instruments. 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 prepayment risk-the risk
that borrowers may pay off their mortgages sooner than expected, particularly
when interest rates decline. This can reduce the Fund's returns because the Fund
may have to reinvest that money at lower prevailing interest rates. 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.
The risks of investing in the Fund are spelled out in the prospectus,
shareholder report and other regulatory filings.
The Fund's daily closing price and net asset value per share as well as other
information can be found at www.ftportfolios.com or by calling (800) 988-5891.
CONTACT: JEFF MARGOLIN - (630) 915-6784
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Source: First Trust Advisors L.P.
