First Trust Announces Shareholder Approval of New Investment Sub-Advisory and Sub-Sub-Advisory Agreements for First Trust Heitman Global Prime Real Estate ETF

First Trust Advisors L.P. ("FTA") announced today that the shareholders of First Trust Heitman Global Prime Real Estate ETF PRME (the "Fund"), a series of First Trust Exchange-Traded Fund IV (the "Trust"), voted at the special meeting of shareholders to approve for the Fund 1) a new investment sub-advisory agreement among the Trust, FTA and Heitman Real Estate Securities LLC ("HRES"), 2) a new investment sub-sub-advisory agreement among the Trust, FTA, HRES and Heitman International Real Estate Securities HK Limited ("Heitman HK"), and 3) a new investment sub-sub-advisory agreement among the Trust, FTA, HRES and Heitman International Real Estate Securities GmbH ("Heitman GmbH") (collectively, the Sub-Advisory Agreements").

FTA previously announced that OMAM (HFL) Inc., a Delaware corporation, redeemed its membership interests in Heitman LLC, the parent company of HRES, Heitman HK and Heitman GmbH, the investment sub-advisor and investment sub-sub-advisors to the Fund, pursuant to a Redemption Agreement (the "Transaction"). The Transaction may be deemed to be an "assignment" (as defined in the Investment Company Act of 1940, as amended) of the prior sub-advisory and sub-sub-advisory agreements, which would result in the automatic termination of such agreements. The Board of Trustees of the Trust approved an interim investment sub-advisory agreement and interim investment sub-sub-advisory agreements, which were entered into effective upon the closing of the Transaction. Furthermore, the Board of Trustees of the Trust approved the new Sub-Advisory Agreements that were submitted to shareholders of the Fund for approval. The new Sub-Advisory Agreements took effect following the receipt of shareholder approval at today's special meeting of shareholders.

FTA has served as the Fund's investment advisor since the Fund's inception. FTA along with its affiliate, First Trust Portfolios L.P., are privately-held companies which provide a variety of investment services, including asset management and financial advisory services, with collective assets under management or supervision of approximately $122 billion as of April 30, 2018 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.

HRES, the Fund's investment sub-advisor, is responsible for the selection and ongoing monitoring of the securities in the Fund's investment portfolio and for overseeing Heitman HK and Heitman GmbH in the investment of the Fund's assets. HRES, located at 191 N. Wacker Drive, 25th Floor, Chicago, Illinois 60606, is a leading global real estate investment management firm. Heitman HK selects and monitors real estate securities located in the Asia-Pacific region for the Fund's investment portfolio. Heitman HK is a registered investment advisor with the Securities and Exchange Commission ("SEC"). Heitman HK is located at 15F LHT Tower, 31 Queens Road, Central, Hong Kong. Heitman GmbH provides recommendations regarding the selection and ongoing monitoring of real estate securities located in Europe for the Fund's investment portfolio. Heitman GmbH is a registered investment advisor with the SEC. Heitman GmbH is located at Maximilianstrasse 35A, Munich, Germany 80539.

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. The risks of investing in the Fund are spelled out in the shareholder reports and other regulatory filings.

Principal Risk Factors: Investment in the Fund involves investment and market risk; management risk; sub-advisor risk; Asia investment risk; authorized participant concentration risk; concentration risk; currency risk; cyber security risk; depositary receipts risk; emerging markets risk; equity securities risk; Europe investment risk; fluctuation of net asset value risk; interest rate risk; market maker risk; non-diversification risk; non-U.S. securities risk; real estate investment risk; REIT investment risk; small fund risk; smaller companies risk and trading issues risk. The risks of investing in the Fund are described in further detail in the Fund's prospectus, shareholder report and other regulatory filings. Past performance is no assurance of future results. Investment return and market value of an investment in the Fund will fluctuate. Shares, when sold, may be worth more or less than their original cost.

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