Welcome to our dedicated page for FT Confluence BDC & Specialty Finance Income ETF news (Ticker: FBDC), a resource for investors and traders seeking the latest updates and insights on FT Confluence BDC & Specialty Finance Income ETF stock.
Track news and developments for the FT Confluence BDC & Specialty Finance ETF (FBDC), a First Trust managed fund focused on business development companies and specialty finance investments. This page aggregates announcements affecting the fund, including distribution updates, portfolio changes, and corporate actions such as share splits or reorganizations.
FBDC news coverage includes fund-level announcements from First Trust, regulatory filings, and market developments affecting the BDC and specialty finance sectors. Investors monitoring this ETF will find updates on distribution schedules, changes to fund structure, and developments impacting the broader private credit market that influences the fund underlying holdings.
The BDC sector generates news around dividend announcements, net asset value reports, and credit portfolio updates. Specialty finance companies in the fund portfolio may announce loan origination volumes, credit quality metrics, and strategic transactions. These developments collectively influence FBDC performance and distribution capacity.
Bookmark this page to stay informed about announcements affecting your FBDC investment and the private credit markets the fund targets.
First Trust Advisors has announced a 1-for-5 reverse share split for the FT Confluence BDC & Specialty Finance ETF (NYSE Arca: FBDC). The split will be effective around August 4, 2025, with the Fund receiving a new CUSIP number (33744U303).
The actively managed ETF, which focuses on providing high current income and attractive total return through investments in business development companies and specialty finance companies, is managed by First Trust Advisors ($278.7B AUM as of June 2025) with Confluence Investment Management as sub-advisor ($12.7B in assets under management and advisement as of March 2025).
First Trust Advisors has announced a 1-for-5 reverse share split for its FT Confluence BDC & Specialty Finance ETF (NYSE Arca: FBDC), effective around August 4, 2025. The split will result in shareholders receiving one share for every five currently held, with the share price increasing approximately five-fold.
The actively managed ETF, which focuses on business development companies and specialty finance firms, will maintain its ticker symbol FBDC but receive a new CUSIP number. While the split won't affect total investment value, fractional shares will be paid in cash. First Trust manages approximately $278.7 billion in assets as of June 30, 2025, while sub-advisor Confluence Investment Management oversees $12.7 billion in assets.
First Trust Advisors L.P. has completed the reorganization of First Trust Specialty Finance and Financial Opportunities Fund (NYSE: FGB) into FT Confluence BDC & Specialty Finance Income ETF (NYSE: FBDC) on June 30, 2025. The reorganization, previously approved by shareholders on May 5, 2025, and by the Board of Trustees in September 2024, involved transferring FGB's assets and liabilities to FBDC.
FBDC is an actively managed ETF that aims to provide high current income with a secondary objective of attractive total return by investing in BDCs and specialty finance companies. First Trust Advisors manages $268 billion in assets as of May 31, 2025, while sub-advisor Confluence Investment Management oversees $12.7 billion in assets ($7.2B under management, $5.5B under advisement) as of March 31, 2025.
[ "Streamlined investment structure through conversion from closed-end fund to ETF format", "Access to experienced management team with over 600 years of combined financial experience", "Maintained investment strategy focusing on high current income and total return potential" ]FAQ
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