First Trust Specialty Finance And Financial Opportunities Fund Declares Its Quarterly Distribution Of $0.175 Per Share

First Trust Specialty Finance and Financial Opportunities Fund (the "Fund") (NYSE: FGB) has declared the Fund's regularly scheduled quarterly distribution payable on December 1, 2016, to shareholders of record as of November 23, 2016. The ex-dividend date is expected to be November 21, 2016. The quarterly distribution information for the Fund appears below:

First Trust Specialty Finance and Financial Opportunities Fund (FGB):
Distribution per share:   $0.1750
Distribution Rate (annualized) based on the November 9, 2016 NAV of $6.70: 10.45%
Distribution Rate (annualized) based on the November 9, 2016 closing market price of $6.72: 10.42%
 

A portion of the distribution may be treated as paid from sources other than net investment income, including short-term capital gain, long-term capital gain and return of capital. The final determination of the source and tax status of all distributions paid in 2016 will be made after the end of 2016.

The Fund is a non-diversified, closed-end management investment company that seeks to provide a high level of current income. As a secondary objective, the Fund seeks to provide attractive total return. The Fund pursues these investment objectives by investing at least 80% of its managed assets in a portfolio of securities of specialty finance and other financial companies that the Fund's investment sub-advisor believes offer attractive opportunities for income and capital appreciation.

First Trust Advisors L.P., the Fund's investment advisor, 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 $95 billion as of October 31, 2016 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.

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