Ms. Susan Johnson reports

FIRST TRUST PORTFOLIOS CANADA ANNOUNCES CAP, BUFFER AND DATES OF FEBRUARY BUFFER ETF

The cap, buffer and dates for the next target outcome period for the First Trust Vest U.S. Equity Buffer ETF -- February are as shown in the attached table.

The previous target outcome period for FEBB.F concluded on Feb. 16, 2024, and the upside cap for the new target outcome period has been reset to prevailing market conditions.

The fund seeks an outcome that provides investors with returns (before fees, expenses and taxes) that match the price return of the SPDR S&P 500 ETF Trust, up to a predetermined upside cap, while providing a buffer against potential SPY losses. The fund is managed and subadvised by Vest Financial LLC using a target outcome strategy or predetermined target investment outcome.

If an investor purchases hedged units after the first day of the target outcome period, they will likely have a different return potential than an investor who purchased hedged units at the start of the target outcome period and the buffer the fund seeks may not be available.

First Trust Canada believes a buffer against a level of losses can help investors stay invested during volatile times. The fund offers a way to gain access to outcome-based investing -- specifically to buffer against a level of downside risk while allowing growth to a maximum cap -- eliminating bank credit risk, in a convenient, flexible investment vehicle.

Karan Sood and Howard Rubin, of Vest, serve as a portfolio managers for the fund. The portfolio managers are jointly and primarily responsible for making investment management decisions for the fund.