First Trust Hedged Strategies Fund opened a quarterly repurchase offer for up to 5% of outstanding shares from September 4 to October 7, 2026. Shareholders tendering shares must submit requests by 4:00 p.m. Eastern Time on October 7, 2026.

First Trust Hedged Strategies Fund reported its annual proxy voting notice for report calendar year 2026, with no series listed and no explanatory information included.

First Trust Hedged Strategies Fund updated its July 31, 2026 prospectus for Class A and Class I shares, showing net annual expenses of 10.05% and 9.30%. Investors remain limited to quarterly repurchase offers of 5% to 25% of outstanding shares.

First Trust Hedged Strategies Fund reported $7.6 million of securities sold and $7.9 million redeemed or repurchased for the fiscal year ended March 31, 2026. No registration fee or interest is due.

First Trust Hedged Strategies Fund opened its quarterly repurchase offer for up to 5% of outstanding shares from June 5 to July 6, 2026. Shareholders seeking liquidity must submit requests by 4:00 p.m. Eastern Time on July 6.

First Trust Capital Management reported dividend reinvestment acquisitions of 3.04 Class A Common Shares and 838.96 Class I Common Shares of First Trust Hedged Strategies Fund on December 30, 2025. The reporting owner now holds 105.93 Class A Common Shares and 29,733.78 Class I Common Shares directly.

First Trust Hedged Strategies Fund President Michael D. Peck reported dividend reinvestments of 3.04 Class A Common Shares at $11.85 and 838.96 Class I Common Shares at $11.99, increasing his indirect holdings to 105.93 and 29,733.78 shares, respectively. These transactions updated ownership records without changing the Fund’s reported operating structure.

Chad Eisenberg, Treasurer of First Trust Hedged Strategies Fund, reported dividend reinvestment acquisitions of 3.04 Class A Common Shares at $11.85 and 838.96 Class I Common Shares at $11.99, with post-transaction holdings of 105.93 and 29,733.78 shares, respectively.

Variant Alternative Income Fund renewed a joint fidelity bond effective December 31, 2025 to December 31, 2026 with a $2.5 million limit and a $250,000 sub-limit for electronic mail initiated transfer fraud. The renewal adds multiple affiliated funds as insureds and extends automatic coverage and limit increases for newly established Investment Companies.

First Trust Hedged Strategies Fund is offering to repurchase up to 5% of its issued and outstanding shares for cash at NAV, with a repurchase period from March 6, 2026 through April 6, 2026. Shareholders who tender may receive proceeds within seven calendar days after the April 6, 2026 pricing date, subject to oversubscription proration.