First Trust Dynamic Europe Equity Income Fund (the “Fund”) announced today that, based on voting results, shareholders of the Fund voted at the annual meeting of shareholders to elect Denise M. Keefe and Robert F. Keith as Trustees of the Fund.

The Fund’s shareholders voted at the meeting to elect each of Ms. Keefe and Mr. Keith as a Class I Trustee to serve as a member of the Board of Trustees of the Fund for a three-year term, expiring at the Fund’s 2026 annual meeting of shareholders. James A. Bowen, Niel B. Nielson, Richard E. Erickson and Thomas R. Kadlec are current and continuing Trustees of the Fund.

Additionally, as previously announced on March 22, 2023, the Board of Trustees of the Fund has approved the reorganization of the Fund into a to-be created exchange-traded fund (“ETF”) that will be an actively managed ETF managed by First Trust Advisors L.P. (“FTA”) and sub-advised by Janus Henderson Investors, the Fund’s current sub-advisor. It is currently expected that the transaction will be consummated during 2023, subject to requisite shareholder approval and satisfaction of other regulatory requirements and customary closing conditions. More information on the proposed transaction will be communicated in registration statement/proxy materials that will be filed with the SEC in the coming weeks.

Additional Information about the Proposed Reorganization and Where to Find It

This press release is not intended to, and shall not, constitute an offer to purchase or sell shares of the Fund or the to be formed ETF; nor is this press release intended to solicit a proxy from any shareholder of the Fund. The solicitation of the purchase or sale of securities or of proxies to effect the transaction may only be made by a final, effective Registration Statement, which includes a definitive Proxy Statement/Prospectus, after the Registration Statement is declared effective by the SEC.

This press release references a Registration Statement, which includes a Proxy Statement/Prospectus, to be filed by the Fund and the new ETF. This Registration Statement has yet to be filed with the SEC. After the Registration Statement is filed with the SEC, it may be amended or withdrawn and the Proxy Statement/Prospectus will not be distributed to shareholders of the Fund unless and until the Registration Statement is declared effective by the SEC.

The Fund, the new ETF, FTA, First Trust Portfolios L.P. (“FTP”) and their respective trustees, officers and employees, and other persons may be deemed to be participants in the solicitation of proxies with respect to the proposed reorganization. Investors and shareholders may obtain more detailed information regarding the direct and indirect interests of the Fund’s, the new ETF’s, FTA’s and FTP’s respective directors, trustees, officers and employees by reading the Proxy Statement/Prospectus regarding the proposed reorganization when it is filed with the SEC.

Investors and security holders of the Fund are urged to read the Proxy Statement/Prospectus and other documents filed with the SEC carefully in their entirety when they become available because they will contain important information about the proposed reorganization. Investors should consider the investment objectives, risks, charges and expenses of the Fund and the new ETF carefully. The Proxy Statement/Prospectus will contain information with respect to the investment objectives, risks, charges and expenses of the funds and other important information about the Fund and the new ETF. The Proxy Statement/Prospectus will constitute neither an offer to sell securities, nor will it constitute a solicitation of an offer to buy securities, in any state where such offer or sale is not permitted.

Investors may obtain free copies of the Registration Statement and Proxy Statement/Prospectus and other documents (when they become available) filed with the SEC at the SEC’s web site at www.sec.gov. In addition, free copies of the Proxy Statement/Prospectus and other documents filed with the SEC may also be obtained after the Registration Statement becomes effective by calling FTA toll-free at (800) 621-1675.

The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA and the Internal Revenue Code. First Trust has no knowledge of and has not been provided any information regarding any investor. Financial advisors must determine whether particular investments are appropriate for their clients. First Trust believes the financial advisor is a fiduciary, is capable of evaluating investment risks independently and is responsible for exercising independent judgment with respect to its retirement plan clients.

Forward Looking Statements

Certain statements made in this press release that are not historical facts are referred to as “forward-looking statements” under the U.S. federal securities laws. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements due to numerous factors. Generally, the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “will” and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ from those anticipated in any forward-looking statements. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. FTA, the Fund and the new ETF undertake no responsibility to update publicly or revise any forward-looking statements.

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