First Trust Advisors L.P. (‘FTA') announced shareholders of First Trust Municipal CEF Income Opportunity ETF (the ‘Fund'), a series of First Trust Exchange-Traded Fund VIII (the ‘Trust'), voted at a shareholder meeting to approve certain changes to the Fund's principal investment strategies. The Fund will convert from its current fund-of-funds investment strategy to one that seeks to provide the same investment objective of current income by investing directly in municipal debt securities. The Fund will still have the ability to invest up to 10% of its net assets in closed-end investment companies that invest primarily in municipal debt securities.

In connection with the implementation of the proposed strategy changes, the following persons will serve as additional members of the Fund's portfolio management team and will manage the Fund's non-closed-end fund investments: Tom Futrell, CFA, Senior Vice President and Senior Portfolio Manager of FTA, Johnathan N. Wilhelm, Senior Vice President and Senior Portfolio Manager of FTA and Tom Byron, Senior Vice President and Senior Portfolio Manager of FTA.