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FT Portfolios Canada Co. Declares Cash Distributions for Exchange Traded Funds

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FT Portfolios Canada Co. Announces Cash Distributions for ETFs

FT Portfolios Canada Co. is pleased to announce the cash distributions for its Exchange Traded Funds (ETFs) listed on the Toronto Stock Exchange and Neo Exchange for the month ending August 31, 2023. The distributions will be payable on September 8, 2023, to Unitholders of record on August 31, 2023, with an ex-dividend date of August 30, 2023.

Cash Distribution Details

The per unit distribution amounts for the ETFs are as follows: - First Trust Value Line® Dividend Index ETF (CAD-Hedged) - FUD: $0.0600 - First Trust Senior Loan ETF (CAD-Hedged) - FSL: $0.1350 - First Trust Global Risk Managed Income Index ETF - ETP: $0.0625 - First Trust JFL Fixed Income Core Plus ETF - FJFB: $0.0500

About First Trust

First Trust Canada serves as the trustee, manager, and promoter of the First Trust ETFs. They are affiliated with First Trust Advisors L.P. (FTA), a registered portfolio manager and investment advisor, and First Trust Portfolios L.P. (FTP), a registered broker-dealer. Together, they provide a range of investment services. FTA manages collective assets of approximately US $207 billion as of July 31, 2023, through various investment vehicles. For more information about the ETFs, please visit www.firsttrust.ca. For further inquiries, please contact FT Portfolios Canada Co. at 416-865-8065 or 877-622-5552.

A Hot Take: Impact of ETF Cash Distributions on New Businesses

The recent announcement by FT Portfolios Canada Co. regarding the cash distributions for its Exchange Traded Funds (ETFs) could have significant implications for new businesses, particularly those in the financial sector. The distributions, which are due to be paid out to Unitholders in September 2023, represent a potential opportunity for new businesses to leverage the benefits of ETF investments.

Investment Opportunities and Risks

For new businesses, these distributions could serve as a valuable source of investment income, which could be reinvested into the business to fuel growth and expansion. However, it's important to note that while ETFs can offer attractive returns, they also come with inherent risks, and businesses should carefully consider their investment strategies.

Role of Financial Advisors

This is where financial advisors, such as First Trust Advisors L.P., play a crucial role. By providing expert advice and guidance, they can help new businesses navigate the complexities of ETF investments and make informed decisions that align with their financial goals. In conclusion, while the cash distributions announced by FT Portfolios Canada Co. present potential opportunities for new businesses, it's crucial that these businesses seek professional advice to ensure they're making the most of these opportunities while also mitigating potential risks.
Story First Published at: https://financialpost.com/globe-newswire/ft-portfolios-canada-co-announces-cash-distributions-for-its-exchange-traded-funds-16
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