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Article: First Trust/Gallatin Specialty Finance and Financial Opportunities Fund Board Approves Gallatin Asset Management, Inc. as New Investment Sub-Advisor.
- Article from:
- Business Wire
- Article date:
- September 24, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LISLE, Ill. -- First Trust Advisors L.P. ("FTA") announced today that the Board of Trustees of First Trust/Gallatin Specialty Finance and Financial Opportunities Fund (NYSE:FGB) has voted to approve Gallatin Asset Management, Inc. ("Gallatin") as investment sub-advisor to the Fund following the automatic termination of the Fund's current investment sub-advisory agreement. On May 31, 2007, Wachovia Corp. announced that it had reached an agreement in principle with A.G. Edwards, Inc. under which Wachovia Corp. will acquire A.G. Edwards, Inc. (the "Acquisition"). Gallatin, the Fund's current sub-advisor, is a wholly-owned subsidiary of A.G. Edwards, Inc. The Acquisition is ...