First Trust Advisors L.P. (“FTA”) announced today that shareholders of First Trust Enhanced Equity Income Fund (NYSE: FFA) (the “Fund”), a closed-end fund, have voted to approve a new investment sub-advisory agreement with Chartwell Investment Partners, LLC (“Chartwell”). Earlier this month, Raymond James acquired substantially all the assets of TriState Capital Holdings (“TriState”), the parent company of Chartwell (the “Transaction”). The Transaction operated as an “assignment” of the Fund’s previous sub-advisory agreement with Chartwell, which automatically terminated upon the closing of the Transaction. In anticipation of the Closing, the Board of Trustees of the Fund approved a new investment sub-advisory agreement (the “New Sub-Advisory Agreement”) among the Fund, FTA and Chartwell, which was submitted to shareholders of the Fund for approval at a special meeting of shareholders.
First Trust Announces Shareholder Approval of the New Investment Sub-Advisory Agreement for First Trust Enhanced Equity Income Fund
Jun 14, 2022
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