Monitor the tender results after the October 20 deadline and the November 6 payment date for the actual redemption rate. The fund expects to accept subscriptions every two years, so this liquidity event is a key data point for shareholder demand and fund size trajectory.
Executive Summary
FT Vest Hedged Equity Income Fund: Series B3 has commenced an issuer tender offer to repurchase up to approximately 10% of its net assets (approximately $1.5 million, or ~62,726 shares) at NAV. The offer provides liquidity to shareholders in a closed-end fund with no secondary market, with the repurchase fee waived. This is the fund's first such offer since commencing operations in October 2025.
Key Financial Metrics
Key Facts
- Offer to repurchase up to approximately 10% of net assets, or ~$1,500,000 (~62,726 shares) as of August 31, 2026
- Purchase price is NAV as of October 30, 2026 Valuation Date; NAV was $23.91/share as of August 31, 2026
- Total fund net assets were ~$14,158,646 with ~592,080 shares outstanding as of August 31, 2026
- 2.00% repurchase fee waived for this offer; payment in cash within ~5 business days of Valuation Date
- Offer expires October 20, 2026 at 11:59 p.m. ET; no minimum tender condition
- Fund has no established trading market; this is the first repurchase offer since inception (October 24, 2025)
- Funding from cash on hand, portfolio sale proceeds, or potential borrowings
Financial Impact
Up to ~$1.5 million (10% of net assets) returned to shareholders at NAV; fund assets reduced by the amount of tendered shares purchased
Risk Factors
- If tenders exceed 10% of net assets, the fund may pro-rate acceptances, limiting liquidity for some shareholders
- Remaining shareholders may face higher expense ratios if fixed costs are spread over a smaller asset base
- Potential forced liquidation of portfolio holdings to fund repurchases could crystallize losses or increase trading costs
Documents Analyzed
This report is based on 10 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC TO-I Filing (Primary) | 0001104659-26-108822 |
| Document: tm2625214d1_ex99-xb.htm | 0001104659-26-108822 |
| Document: tm2625214d1_ex99-xc.htm | 0001104659-26-108822 |
| Document: tm2625214d1_ex99-xd.htm | 0001104659-26-108822 |
| Document: tm2625214d1_exfilingfees.htm | 0001104659-26-108822 |
| Document: tm2625214d1_ex99-xe.htm | 0001104659-26-108822 |
| Document: tm2625214d1_ex99-xa.htm | 0001104659-26-108822 |
| Document: 0001104659-26-108822-index-headers.html | 0001104659-26-108822 |
| Document: 0001104659-26-108822-index.html | 0001104659-26-108822 |
| Document: 0001104659-26-108822.txt | 0001104659-26-108822 |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers