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First Trust RBA Quality Income ETF Changes Name, Investment Objective, Ticker Symbol and Management Fee Effective September 6, 2018

September 4, 2018

WHEATON, Ill.--(BUSINESS WIRE)--Sep 4, 2018--On September 6, 2018, First Trust RBA Quality Income ETF (Nasdaq: QINC) (the “Fund”), an exchange-traded index fund and a series of First Trust Exchange-Traded Fund VI (the “Trust”), will change its investment objective to seek investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an index called the Dorsey Wright Momentum Plus Dividend Yield Index (the “New Index”). In connection with that change, under normal conditions, the Fund will invest at least 90% of its net assets (including investment borrowings) in equity securities comprising the New Index. The New Index is a rules-based equity index designed to track the overall performance of the 50 stocks with the highest dividend yield comprising the NASDAQ US Large Mid Index that still maintain high levels of “relative strength.” The New Index is owned and developed by Nasdaq, Inc. (“Nasdaq”).

Effective September 6, 2018, the Fund’s name will change to First Trust Dorsey Wright Momentum & Dividend ETF, and the Fund will reduce its annual management fee payable by the Fund to First Trust Advisors L.P. (“FTA”), the Fund’s investment adviser, from 0.70% of the Fund’s average daily net assets to 0.60% of the Fund’s average daily net assets. FTA will continue to manage the investment of the Fund’s assets and will be responsible for the Fund’s expenses, including the cost of transfer agency, custody, fund administration, license fees, legal, audit and other services, but excluding fee payments under the Investment Management Agreement, interest, taxes, acquired fund fees and expenses, if any, brokerage commissions and other expenses connected with the execution of portfolio transactions, distribution and service fees related to a Rule 12b-1 plan, if any, and extraordinary expenses, which are paid by the Fund. The reduction in the management fee will have no effect on the services provided to the Fund by FTA. These changes were previously announced on June 13, 2018.

The Fund will continue to list and trade its shares on the Nasdaq Stock Market LLC under the ticker symbol QINC until September 6, 2018, at which time the Fund will list and trade its shares under the ticker symbol “DDIV.” The Fund’s new CUSIP will be 33738R696.

FTA is a federally registered investment advisor and serves as the Fund’s investment advisor. FTA and its affiliate First Trust Portfolios L.P. (“FTP”), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services. FTA has collective assets under management or supervision of approximately $130 billion as of July 31, 2018 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts. FTA is the supervisor of the First Trust unit investment trusts, while FTP is the sponsor. FTP is also a distributor of mutual fund shares and exchange-traded fund creation units. FTA and FTP are based in Wheaton, Illinois.

You should consider the Fund’s investment objectives, risks, charges and expenses carefully before investing. Contact First Trust portfolios L.P. at 1-800-621-1675 or visit www.ftportfolios.com to obtain a prospectus or summary prospectus which contains this and other information about the Fund.

The New Index has been licensed for use by the Fund. Nasdaq, Dorsey Wright Momentum Plus Dividend Yield Index, and NASDAQ US Mid Large Index are trademarks of Nasdaq (which with its affiliates is referred to as the “Corporations”) and are licensed for use by FTA. The Fund has not been passed on by the Corporations as to their legality or suitability. The Fund is not issued, endorsed, sold, or promoted by the Corporations. The Corporations make no warranties and bear no liability with respect to the Fund.

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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180904005858/en/

CONTACT: First Trust RBA Quality Income ETF

Press Inquiries:

Ryan Issakainen, 630-765-8689

or

Analyst Inquiries:

Stan Ueland, 630-517-7633

KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: First Trust RBA Quality Income ETF

Copyright Business Wire 2018.

PUB: 09/04/2018 04:22 PM/DISC: 09/04/2018 04:22 PM

http://www.businesswire.com/news/home/20180904005858/en

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