William Housey authorized five attorneys-in-fact on July 20, 2015, to execute Section 16 ownership reports for First Trust Portfolios, First Trust Advisors and advised investment companies. The authority continues until his reporting obligation ends unless revoked in writing.

David G. McGarel executed a July 20, 2015 power of attorney appointing five designees to handle Section 16 ownership reporting for First Trust-advised investment companies. The designees may execute, amend and submit required reports until revoked or no longer required.

William Housey executed a July 20, 2015 Power of Attorney appointing five representatives to sign Section 16 ownership reports and amendments until reporting obligations end or he revokes it in writing.

William Housey executed a July 20, 2015 Power of Attorney appointing five representatives to sign Section 16 ownership reports and amendments until reporting obligations end or he revokes it in writing.

First Trust High Yield Opportunities 2027 Term Fund scheduled a September 15, 2026 vote to elect Richard E. Erickson and Thomas R. Kadlec as two Class I Trustees. Shareholders of record on July 28 may vote one vote per share.

First Trust High Yield Opportunities 2027 Term Fund’s annual voting notice for 2026 lists zero series and names James M. Dykas, President and Chief Executive Officer, as signatory.

Morgan Stanley and Morgan Stanley Smith Barney LLC reported beneficial ownership of 3.3 million common shares, or 8.9% of First Trust High Yield Opportunities 2027 Term Fund, up from 7.6% in the prior filing.

Morgan Stanley and Morgan Stanley Smith Barney LLC amended their beneficial ownership filing for FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND to report ownership of 2,785,145 shares, or 7.6% of the class, with 220 shared voting shares.

Sit Investment Associates and Sit Fixed Income Advisors II reported shared beneficial ownership of 2,419,971 shares, or 6.6%, of First Trust High Yield Opportunities 2027 Term Fund common stock. The advisers state the shares are held in client Accounts and are not held to influence control of the issuer.

Sit Investment Associates and Sit Fixed Income Advisors II reported shared beneficial ownership of 2.4 million shares, or 6.6%, of First Trust High Yield Opportunities 2027 Term Fund common stock. The reporting states the shares are held in client accounts in the ordinary course of business and not to influence control of the issuer.