0001445546-20-005714.txt : 20201201 0001445546-20-005714.hdr.sgml : 20201201 20201201095540 ACCESSION NUMBER: 0001445546-20-005714 CONFORMED SUBMISSION TYPE: 497K PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20201201 DATE AS OF CHANGE: 20201201 EFFECTIVENESS DATE: 20201201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST TRUST EXCHANGE-TRADED ALPHADEX FUND CENTRAL INDEX KEY: 0001383496 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FILING VALUES: FORM TYPE: 497K SEC ACT: 1933 Act SEC FILE NUMBER: 333-140895 FILM NUMBER: 201360011 BUSINESS ADDRESS: STREET 1: 120 EAST LIBERTY DRIVE, SUITE 400 CITY: WHEATON STATE: IL ZIP: 60187 BUSINESS PHONE: 630-765-8000 MAIL ADDRESS: STREET 1: 120 EAST LIBERTY DRIVE, SUITE 400 CITY: WHEATON STATE: IL ZIP: 60187 0001383496 S000032963 First Trust Mega Cap AlphaDEX Fund C000101702 First Trust Mega Cap AlphaDEX Fund FMK 497K 1 adex-fmk_497k.htm SUPPLEMENT TO SUMMARY PROSPECTUS

Rule 497(k)

Registration Nos. 333-140895 and 811-22019

 

FIRST TRUST EXCHANGE-TRADED ALPHADEX® FUND
(the “Trust”)

 

FIRST TRUST MEGA CAP ALPHADEX® FUND

(the “Fund”)

 

SUPPLEMENT TO THE PROSPECTUS, SUMMARY PROSPECTUS
AND STATEMENT OF ADDITIONAL INFORMATION

 

DATED DECEMBER 1, 2020

 

The shareholders of each of the Fund and First Trust Dow 30 Equal Weight ETF (“EDOW”), an exchange-traded fund managed by First Trust Advisors L.P. (“FTA”), approved the reorganization of the Fund with and into EDOW, at a joint special meeting of shareholders held on November 9, 2020.

Upon the completion of the reorganization, which is expected to be tax-free, the assets of the Fund will be transferred to, and the liabilities of the Fund will be assumed by, EDOW, and shareholders of the Fund will receive shares of EDOW with a value equal to the aggregate net asset value of the shares of the Fund held by them. The closing date of the reorganization is expected to occur by the end of 2020. No assurance can be given as to the exact timing of the closing of the transaction.

 

 

PLEASE KEEP THIS SUPPLEMENT WITH YOUR FUND PROSPECTUS, SUMMARY PROSPECTUS
AND STATEMENT OF ADDITIONAL INFORMATION FOR FUTURE REFERENCE