First Trust Global DividendSeeker Fund (the "Fund") is pleased to announce the closing of the initial public offering (the "Offering") of the Fund's Class A Units and Class F Units (collectively, "Units"). The Fund raised gross proceeds of approximately $28.75 million, including $27.5 million from the sale of 2.75 million Class A Units and $1,258,500 from the sale of 125,850 Class F Units. The Fund has granted the agents an over-allotment option, exercisable for a period of 30 days from today's date, to purchase an additional 412,500 Class A Units.

The Class A Units are listed on the Toronto Stock Exchange under the symbol "FDS.UN". The Class F Units are designed for fee-based and/or institutional accounts and will not be listed on a stock exchange but are convertible into Class A Units on a monthly basis.

The Fund has been established to provide holders of Units ("Unitholders") with an investment in an approximately equally-weighted portfolio (the "Portfolio") comprised of the 20 highest yielding equity securities (based on the stock's indicated annual dividend, not including special dividends, divided by its price) included in the Dow Jones Global Select Dividend™ Index (the "Index"). The Index is constructed to represent the stock performance of 100 leading dividend paying companies domiciled in developed-market countries that are selected based on screens for dividend quality and liquidity. First Trust Advisors L.P. will act as the portfolio manager of the Fund and will be responsible for implementing the investment strategy of the Fund.

The Fund's investment objectives are to provide Unitholders with monthly cash distributions and the opportunity for capital appreciation. The monthly cash distributions to Unitholders are initially targeted to be $0.05 per Unit ($0.60 per annum per Unit) representing an annual yield of 6.0% on the issue price.

The Fund will also offer a mandatory market purchase program pursuant to which the Fund will offer to purchase any Class A Units offered in the market at a price that is less than 98% of the latest net asset value per Class A Unit. Under the mandatory market purchase program, the Fund will purchase up to a maximum amount in any rolling 10 business day period of 10% of the number of Class A Units outstanding at the beginning of such 10 business day period, subject to the terms set out in the Fund's declaration of trust.

First Trust Advisors L.P. provides asset management and investment advisory services to its clients and had approximately US$82.7 billion in assets under management or supervision as of November 30, 2013. First Trust Advisors L.P. was established in 1991 and, together with its affiliate, First Trust Portfolios L.P., has approximately 500 employees in North America.

BMO Nesbitt Burns Inc. is the promoter of the Fund, one of the agents in connection with the Offering and will act as the manager of the Fund.

The syndicate of agents for the Offering is being co-led by BMO Capital Markets, CIBC, Scotiabank and TD Securities Inc. and includes National Bank Financial Inc., GMP Securities L.P., Raymond James Ltd., Canaccord Genuity Corp., Burgeonvest Bick Securities Limited, Desjardins Securities Inc., Mackie Research Capital Corporation and Manulife Securities Incorporated.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities of the Fund have not been registered under the U.S. Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold in the United States or to a U.S. person absent registration under the 1933 Act or an applicable exemption from the registration requirements of the 1933 Act and applicable state securities laws.

This Offering is only made by prospectus. The prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained from any of the agents listed above. Investors should read the prospectus before making an investment decision.

Contact Information:

BMO Capital Markets