WHEATON, Ill.--(BUSINESS WIRE)--

First Trust Advisors L.P. (“FTA”) announced today that the shareholders of First Trust Dynamic Europe Equity Income Fund (NYSE: FDEU) (the “Fund”) voted at the special meeting of shareholders to approve a new investment sub-advisory agreement (the “New Agreement”) among the Fund, First Trust Advisors L.P. and Janus Capital Management LLC (“Janus Capital”), a legal entity of Janus Henderson Group plc.

In January 2018, FTA announced that the Board of Trustees of the Fund had approved Janus Capital as the investment sub-advisor of the Fund. Henderson Global Investors (North America) Inc. (“Henderson Global”), a different legal entity of Janus Henderson Group plc, served as the Fund’s investment sub-advisor since the Fund’s inception on September 24, 2015. The transition from Henderson Global to Janus Capital as the sub-advisor of the Fund is a result of the recent merger of Henderson Group plc and Janus Capital Group Inc. in May 2017.

FTA has served as the Fund’s investment advisor since the Fund’s inception. FTA along with its affiliate, First Trust Portfolios L.P., are privately-held companies which provide a variety of investment services, including asset management and financial advisory services, with collective assets under management or supervision of approximately $118 billion as of December 31, 2017 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.

Janus Henderson is a global investment management firm that provides a full spectrum of investment products and services to clients around the world. With offices in 27 cities and more than 2,000 employees worldwide, Janus Henderson managed approximately $371 billion in assets as of December 31, 2017.

An investment in the Fund will fluctuate. Shares, when sold, may be worth more or less than their original cost. The Fund is subject to risks, including the fact that it is a non-diversified closed-end management investment company. Because the Fund will invest primarily in securities of non-U.S. issuers, which are generally denominated in non-U.S. currencies, there are risks not typically associated with investing in securities of U.S. issuers. Non-U.S. issuers are subject to higher volatility than securities of U.S. issuers. An investor may lose money if the local currency of a non-U.S. market depreciates against the U.S. dollar. Investments in securities of issuers located in emerging market countries are considered speculative and there is a heightened risk of investing in emerging markets securities. The Fund will engage in practices and strategies that will result in exposure to fluctuations in foreign exchange rates, thus subjecting it to foreign currency risk. The Fund’s use of derivatives may result in losses greater than if they had not been used, may require the Fund to sell or purchase portfolio securities at inopportune times, may limit the amount of appreciation the Fund can realize on an investment, or may cause the Fund to hold a security that it might otherwise sell. Use of leverage can result in additional risk and cost, and can magnify the effect of any losses.

The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, FTA is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA and the Internal Revenue Code. FTA 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. FTA 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. The risks of investing in the Fund are spelled out in the shareholder reports and other regulatory filings.

This press release does not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of Fund securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

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