Tender Offer - FT Vest Total Return Income Fund: Series A2

Form Type: SC TO-I

Filing Date: 2025-07-01

Corporate Action: Tender-offer

Type: New

Accession Number: 000110465925064526

Filing Summary: FT Vest Total Return Income Fund: Series A2 is conducting an issuer tender offer to purchase shares up to approximately 10.00% of its net assets, totaling an estimated $3,200,000 or roughly 138,685 shares outstanding as of May 30, 2025. The net asset value (NAV) per share was calculated at $23.07 on that date. Shareholders must tender their shares by 11:59 p.m. Eastern Time on July 29, 2025, although the deadline may be extended. A 2.00% repurchase fee will apply for tendered shares during the first year. Payments for the repurchased shares will be made entirely in cash within approximately five days following the notice due date. The tender is open to all shareholders without a minimum number of shares required for tendering. The purpose of the offer is to provide liquidity to shareholders and the repurchased shares will be retired. There are no known extraordinary transactions or changes planned that would affect the Fund’s structure or management, and any funds for the purchase will come from cash reserves, proceeds from asset sales, or borrowings. Shareholders can withdraw their tenders until the offer expires, and they'll retain their status as shareholders until the shares are repurchased. The Fund's investment advisor is First Trust Capital Management L.P. The Board of Trustees holds discretion over the offer's execution, including potential extensions and cancellation.