First Trust Senior Floating Rate 2022 Target Term Fund Announces Board Approval of Early Liquidation and Waiver of the Management Fee

Sep 14, 2021

First Trust Senior Floating Rate 2022 Target Term Fund (NYSE: FIV) (the “Fund”) announced today that the Fund’s Board of Trustees (the “Board”) has approved the liquidation and termination of the Fund on December 15, 2021 (the “Termination Date”). The governing documents of the Fund provide that the Fund will terminate on or prior to February 1, 2022. In accordance with its early termination, the Fund’s common shares of beneficial interest (the “Common Shares”) are expected to cease trading on the New York Stock Exchange on or about December 9, 2021 and will be suspended from trading before the open of trading on or about December 10, 2021. The Fund anticipates making its final liquidating distribution on or about the Termination Date to holders of the Fund’s Common Shares of record on December 13, 2021. Shareholder approval is not required for the Fund’s early termination.

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