First Trust Specialty Finance and Financial Opportunities Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Confluence Investment Management LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the specialty finance and other financial sectors. The fund primarily invests in value stocks of companies, as well as in Business Development Companies, REITs, and other mortgage related securities. It employs fundamental analysis to create its portfolio. The fund benchmarks the performance of its portfolio against a composite benchmark comprised of 70% Wells Fargo BDC Index, 20% FTSE NAREIT Mortgage REIT Index, and 10% S&P SmallCap Financials Index. It was formerly known as First Trust/Gallatin Specialty Finance and Financial Opportunities Fund. First Trust Specialty Finance and Financial Opportunities Fund was formed on March 20, 2007 and domiciled in the United States.
IPO Year: 2007
Exchange: NYSE
Website: ftportfolios.com/Retail/Cef/CefSummary.aspx?Ticker=
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SC 13G - FIRST TRUST SPECIALTY FINANCE & FINANCIAL OPPORTUNITIES FUND (0001392994) (Subject)
First Trust Specialty Finance and Financial Opportunities Fund (the "Fund") (NYSE:FGB) has declared the Fund's regularly scheduled quarterly distribution of $0.10 per share. The distribution will be payable on December 2, 2024, to shareholders of record as of November 22, 2024. The ex-dividend date is expected to be November 22, 2024. The quarterly distribution information for the Fund appears below. First Trust Specialty Finance and Financial Opportunities Fund (FGB): Distribution per share: $0.10 Distribution Rate based on the November 11, 2024 NAV of $4.36: 9.17% Distribution Rate based on the November 11, 2024 closing market price
PHILADELPHIA, PA / ACCESSWIRE / August 29, 2024 / The Board of Trustees of abrdn Total Dynamic Dividend Fund (NYSE:AOD) ("AOD"), announces that shareholders of First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) ("FGB"), advised by First Trust Advisors L.P., did not attain a 1940 Act quorum at its adjourned special meeting of shareholders on August 29, 2024 and therefore there were insufficient votes to pass the proposed reorganization proposal.Important InformationIn the United States, abrdn is the marketing name for the following affiliated, registered investment advisers: abrdn Inc., abrdn Investments Limited. and abrdn Asia Limited.The information in this press rele
First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) (the "Fund"), a diversified, closed-end management investment company organized as a Massachusetts business trust, announced today the results of the special meeting of shareholders held on August 29, 2024 (the "Special Meeting"). At the Special Meeting, shareholders were asked to vote on the reorganization of the Fund with and into abrdn Total Dynamic Dividend Fund ("AOD") (the "Proposal"). The Proposal required the affirmative vote of a majority of the Fund's outstanding voting securities, as such term is defined in the 1940 Act. The affirmative vote of less than a majority of the Fund's outstanding voting securitie
First Trust Advisors L.P. ("FTA") announced today that the special meeting of shareholders of First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) (the "Fund") held on August 22, 2024, has been adjourned in order to permit additional solicitation of shareholders and to allow shareholders additional time to vote on the reorganization of the Fund with and into abrdn Total Dynamic Dividend Fund ("AOD"). The special meeting of shareholders of the Fund will reconvene on August 29, 2024, at 1:00 Central time in the offices of FTA at 120 East Liberty Drive, Suite 400, Wheaton, Illinois (the "Meeting"). Shareholders of record of the Fund as of the close of business on October
First Trust Specialty Finance and Financial Opportunities Fund (the "Fund") (NYSE:FGB) has declared the Fund's regularly scheduled quarterly distribution of $0.10 per share. The distribution will be payable on August 30, 2024, to shareholders of record as of August 22, 2024. The ex-dividend date is expected to be August 22, 2024. The quarterly distribution information for the Fund appears below. First Trust Specialty Finance and Financial Opportunities Fund (FGB): Distribution per share: $0.10 Distribution Rate based on the August 9, 2024 NAV of $4.19: 9.55% Distribution Rate based on the August 9, 2024 closing market pr
First Trust Advisors L.P. ("FTA") announced today that the special meeting of shareholders of First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) (the "Fund") held on July 25, 2024 has been adjourned in order to permit additional solicitation of shareholders and to allow shareholders additional time to vote on the reorganization of the Fund with and into abrdn Total Dynamic Dividend Fund ("AOD"). The special meeting of shareholders of the Fund will reconvene on Thursday, August 22, 2024 at 1:00 Central time in the offices of FTA at 120 East Liberty Drive, Suite 400, Wheaton, Illinois (the "Meeting"). Shareholders of record of the Fund as of the close of business on O
First Trust Advisors L.P. ("FTA") announced today that the special meeting of shareholders of First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) (the "Fund") held on July 11, 2024 has been adjourned in order to permit additional solicitation of shareholders and to allow shareholders additional time to vote on the reorganization of the Fund with and into abrdn Total Dynamic Dividend Fund ("AOD"). The special meeting of shareholders of the Fund will reconvene on Thursday, July 25, 2024, at 1:00 Central time in the offices of FTA at 120 East Liberty Drive, Suite 400, Wheaton, Illinois (the "Meeting"). Shareholders of record of the Fund as of the close of business on Oc
First Trust Advisors L.P. ("FTA") announced today that the special meeting of shareholders of First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) (the "Fund") held on June 18, 2024 has been adjourned in order to permit additional solicitation of shareholders and to allow shareholders additional time to vote on the reorganization of the Fund with and into abrdn Total Dynamic Dividend Fund ("AOD"). The special meeting of shareholders of the Fund will reconvene on Thursday, July 11, 2024 at 1:00 Central time in the offices of FTA at 120 East Liberty Drive, Suite 400, Wheaton, Illinois (the "Meeting"). Shareholders of record of the Fund as of the close of business on Oct
First Trust Advisors L.P. ("FTA") announced today that the special meeting of shareholders of First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) (the "Fund") held on May 30, 2024 has been adjourned in order to permit additional solicitation of shareholders and to allow shareholders additional time to vote on the reorganization of the Fund with and into abrdn Total Dynamic Dividend Fund ("AOD"). The special meeting of shareholders of the Fund will reconvene on Tuesday, June 18, 2024 at 1:00 Central time in the offices of FTA at 120 East Liberty Drive, Suite 400, Wheaton, Illinois (the "Meeting"). Shareholders of record of the Fund as of the close of business on Octob
First Trust Specialty Finance and Financial Opportunities Fund (the "Fund") (NYSE:FGB) has increased its regularly scheduled quarterly distribution to $0.10 per share from $0.0825 per share The distribution will be payable on May 31, 2024, to shareholders of record as of May 23, 2024. The ex-dividend date is expected to be May 22, 2024. The quarterly distribution information for the Fund appears below. First Trust Specialty Finance and Financial Opportunities Fund (FGB): Distribution per share: $0.10 Distribution Rate based on the May 10, 2024 NAV of $4.47: 8.95% Distribution Rate based on the May 10, 2024 closing market price of $3.88: 10.31%
First Trust Specialty Finance and Financial Opportunities Fund (the "Fund") (NYSE:FGB) has declared the Fund's regularly scheduled quarterly distribution of $0.10 per share. The distribution will be payable on December 2, 2024, to shareholders of record as of November 22, 2024. The ex-dividend date is expected to be November 22, 2024. The quarterly distribution information for the Fund appears below. First Trust Specialty Finance and Financial Opportunities Fund (FGB): Distribution per share: $0.10 Distribution Rate based on the November 11, 2024 NAV of $4.36: 9.17% Distribution Rate based on the November 11, 2024 closing market price
First Trust Advisors L.P. ("FTA") announced today that the Board of Trustees of First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB), a closed-end fund managed by FTA, approved the reorganization (the "Reorganization") of FGB into FT Confluence BDC & Specialty Finance Income ETF, a newly created exchange-traded fund ("ETF") that will be traded on the NYSE and will be an actively managed ETF managed by FTA and sub-advised by Confluence Investment Management LLC ("Confluence" or the "Sub-Advisor"), FGB's current sub-advisor. Under the terms of the Reorganization, which is expected to be tax‑free, the assets of FGB would be transferred to, and the liabilities of FGB would
PHILADELPHIA, PA / ACCESSWIRE / August 29, 2024 / The Board of Trustees of abrdn Total Dynamic Dividend Fund (NYSE:AOD) ("AOD"), announces that shareholders of First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) ("FGB"), advised by First Trust Advisors L.P., did not attain a 1940 Act quorum at its adjourned special meeting of shareholders on August 29, 2024 and therefore there were insufficient votes to pass the proposed reorganization proposal.Important InformationIn the United States, abrdn is the marketing name for the following affiliated, registered investment advisers: abrdn Inc., abrdn Investments Limited. and abrdn Asia Limited.The information in this press rele
First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) (the "Fund"), a diversified, closed-end management investment company organized as a Massachusetts business trust, announced today the results of the special meeting of shareholders held on August 29, 2024 (the "Special Meeting"). At the Special Meeting, shareholders were asked to vote on the reorganization of the Fund with and into abrdn Total Dynamic Dividend Fund ("AOD") (the "Proposal"). The Proposal required the affirmative vote of a majority of the Fund's outstanding voting securities, as such term is defined in the 1940 Act. The affirmative vote of less than a majority of the Fund's outstanding voting securitie
First Trust Advisors L.P. ("FTA") announced today that the special meeting of shareholders of First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) (the "Fund") held on August 22, 2024, has been adjourned in order to permit additional solicitation of shareholders and to allow shareholders additional time to vote on the reorganization of the Fund with and into abrdn Total Dynamic Dividend Fund ("AOD"). The special meeting of shareholders of the Fund will reconvene on August 29, 2024, at 1:00 Central time in the offices of FTA at 120 East Liberty Drive, Suite 400, Wheaton, Illinois (the "Meeting"). Shareholders of record of the Fund as of the close of business on October
First Trust Specialty Finance and Financial Opportunities Fund (the "Fund") (NYSE:FGB) has declared the Fund's regularly scheduled quarterly distribution of $0.10 per share. The distribution will be payable on August 30, 2024, to shareholders of record as of August 22, 2024. The ex-dividend date is expected to be August 22, 2024. The quarterly distribution information for the Fund appears below. First Trust Specialty Finance and Financial Opportunities Fund (FGB): Distribution per share: $0.10 Distribution Rate based on the August 9, 2024 NAV of $4.19: 9.55% Distribution Rate based on the August 9, 2024 closing market pr
First Trust Advisors L.P. ("FTA") announced today that the special meeting of shareholders of First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) (the "Fund") held on July 25, 2024 has been adjourned in order to permit additional solicitation of shareholders and to allow shareholders additional time to vote on the reorganization of the Fund with and into abrdn Total Dynamic Dividend Fund ("AOD"). The special meeting of shareholders of the Fund will reconvene on Thursday, August 22, 2024 at 1:00 Central time in the offices of FTA at 120 East Liberty Drive, Suite 400, Wheaton, Illinois (the "Meeting"). Shareholders of record of the Fund as of the close of business on O
First Trust Advisors L.P. ("FTA") announced today that the special meeting of shareholders of First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) (the "Fund") held on July 11, 2024 has been adjourned in order to permit additional solicitation of shareholders and to allow shareholders additional time to vote on the reorganization of the Fund with and into abrdn Total Dynamic Dividend Fund ("AOD"). The special meeting of shareholders of the Fund will reconvene on Thursday, July 25, 2024, at 1:00 Central time in the offices of FTA at 120 East Liberty Drive, Suite 400, Wheaton, Illinois (the "Meeting"). Shareholders of record of the Fund as of the close of business on Oc
First Trust Advisors L.P. ("FTA") announced today that the special meeting of shareholders of First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) (the "Fund") held on June 18, 2024 has been adjourned in order to permit additional solicitation of shareholders and to allow shareholders additional time to vote on the reorganization of the Fund with and into abrdn Total Dynamic Dividend Fund ("AOD"). The special meeting of shareholders of the Fund will reconvene on Thursday, July 11, 2024 at 1:00 Central time in the offices of FTA at 120 East Liberty Drive, Suite 400, Wheaton, Illinois (the "Meeting"). Shareholders of record of the Fund as of the close of business on Oct
First Trust Advisors L.P. ("FTA") announced today that the special meeting of shareholders of First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) (the "Fund") held on May 30, 2024 has been adjourned in order to permit additional solicitation of shareholders and to allow shareholders additional time to vote on the reorganization of the Fund with and into abrdn Total Dynamic Dividend Fund ("AOD"). The special meeting of shareholders of the Fund will reconvene on Tuesday, June 18, 2024 at 1:00 Central time in the offices of FTA at 120 East Liberty Drive, Suite 400, Wheaton, Illinois (the "Meeting"). Shareholders of record of the Fund as of the close of business on Octob
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8-K - FIRST TRUST SPECIALTY FINANCE & FINANCIAL OPPORTUNITIES FUND (0001392994) (Filer)
8-K - FIRST TRUST SPECIALTY FINANCE & FINANCIAL OPPORTUNITIES FUND (0001392994) (Filer)
8-K - FIRST TRUST SPECIALTY FINANCE & FINANCIAL OPPORTUNITIES FUND (0001392994) (Filer)
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First Trust Specialty Finance and Financial Opportunities Fund (the "Fund") (NYSE:FGB) has increased its regularly scheduled quarterly distribution to $0.10 per share from $0.0825 per share The distribution will be payable on May 31, 2024, to shareholders of record as of May 23, 2024. The ex-dividend date is expected to be May 22, 2024. The quarterly distribution information for the Fund appears below.First Trust Specialty Finance and Financial Opportunities Fund (FGB):Distribution per share:$0.10Distribution Rate based on the May 10, 2024 NAV of $4.47:8.95%Distribution Rate based on the May 10, 2024 closing market price of $3.88:10.31%Increase from previous distribution of $0.0825:21.21%
Wednesday marks the last chance for investors to receive the next dividend payout from First Trust Specialty Fnc (NYSE:FGB). What's Happening The company announced on Monday that it would pay shareholders a quarterly dividend of 8.25 cents per share. On Thursday, First Trust Specialty Fnc will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 8.25 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own FGB as of the end of Wednesday's session are eligible to rec
Tuesday marks the last chance for investors to receive the next dividend payout from First Trust Specialty Fnc (NYSE:FGB). What's Happening The company announced on Monday that it would pay shareholders a quarterly dividend of 8.25 cents per share. On Wednesday, First Trust Specialty Fnc will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 8.25 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own FGB as of the end of Tuesday's session are eligible to recei
Monday marks the last chance for investors to receive the next dividend payout from First Trust Specialty Fnc (NYSE:FGB). What's Happening The company announced on Thursday that it would pay shareholders a quarterly dividend of 8.25 cents per share. On Tuesday, First Trust Specialty Fnc will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 8.25 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own FGB as of the end of Monday's session are eligible to receive t
Tuesday marks the last chance for investors to receive the next dividend payout from First Trust Specialty Fnc (NYSE:FGB). What's Happening The company announced on Monday that it would pay shareholders a quarterly dividend of 8.25 cents per share. On Wednesday, First Trust Specialty Fnc will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 8.25 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own FGB as of the end of Tuesday's session are eligible to recei
Monday marks the last chance for investors to receive the next dividend payout from First Trust Specialty Fnc (NYSE:FGB). What's Happening The company announced on Thursday that it would pay shareholders a quarterly dividend of 8.25 cents per share. On Tuesday, First Trust Specialty Fnc will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 8.25 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own FGB as of the end of Monday's session are eligible to receive t
On Thursday, 930 stocks hit new 52-week lows. Interesting Points From Today's 52-Week Lows: The largest company in terms of market cap to set a new 52-week low was Microsoft (NASDAQ:MSFT). The smallest company by market cap to set a new 52-week low was FedNat Holding (NASDAQ:FNHC). Sunlight Finl Hldgs (NYSE:SUNL) saw the most pronounced move, as shares traded down 54.56% to hit its new 52-week low. Abbott Laboratories (NYSE:ABT)'s stock made the biggest bounce back, actually moving up 0.01% shortly after hitting a new 52-week low. Here are all the stocks that set new 52-week lows on Thursday: Microsoft (NASDAQ:MSFT) shares were down 2.37% for the day, having made a 52-week low
Monday saw 825 companies set new 52-week lows. Key Facts About Today's 52-Week Lows: Visa (NYSE:V) was the largest firm on a market cap basis to set a new 52-week low. The company with the smallest market cap to set a new 52-week low was Mobilicom (NASDAQ:MOB). Color Star Technology (NASDAQ:CSCW) shares dropped the most, trading down 3070.81% to reach its new 52-week low. Skillsoft (NYSE:SKIL) was the biggest winner of the bunch, with shares actually trading up 0.0% after it rebounded from its new 52-week low. On Monday, the following stocks hit new 52-week lows: Visa (NYSE:V) shares made a new 52-week low of $181.63 on Monday. The stock was down 0.94% for the day. Oracle (NY
Friday marks the last chance for investors to receive the next dividend payout from First Trust Specialty Fnc (NYSE:FGB). What's Happening The company announced on Wednesday that it would pay shareholders a quarterly dividend of 8.25 per share. On Monday, First Trust Specialty Fnc will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 8.25 lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own FGB as of the end of Friday's session are eligible to receive the 8.25 d