First Trust Announces 1-For-5 Reverse Share Split for FT Confluence BDC & Specialty Finance ETF

First Trust Advisors L.P. ("FTA") announced today that the Board of Trustees (the "Board") of First Trust Exchange-Traded Fund VIII (the "Trust"), on behalf of FT Confluence BDC & Specialty Finance ETF (the "Fund"), an actively-managed exchange-traded fund (NYSE:FBDC), approved a 1-for-5 reverse share split.

The reverse share split will result in every five outstanding shares of the Fund being converted into one share of the Fund, with any resulting fractional shares of the Fund being paid out in cash to the beneficial shareholder. As a result of the reverse share split, the price per share of the Fund will increase by approximately five-times its price immediately prior to the split and the number of the Fund's total shares outstanding will correspondingly decrease. Subject to the payment of cash for fractional shares, once the reverse share split is complete, each shareholder's account will reflect approximately one-fifth fewer Fund shares with a net asset value per share that reflects the combined shares and the reverse share split will not change the total value of a shareholder's investment in the Fund. While the reverse share split itself is not expected to be a taxable event to shareholders, receipt of cash in lieu of fractional shares may cause some shareholders to realize gains or losses, and shareholders are encouraged to consult their own tax advisors regarding any specific implications.

The Fund's shares will continue to trade under the same ticker symbol, FBDC. The Fund's current CUSIP number (33740F110) will be replaced by a new CUSIP number that is yet to be determined, but will be announced once available. FTA currently anticipates the reverse share split will be effective as of the opening of business on NYSE Arca on or about August 4, 2025, subject to all regulatory requirements and other conditions being satisfied.