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Preferred Income Opportunity, 8  Ticker: FKSHPX
A unit investment trust that seeks a high rate of current income by investing in a diversified portfolio of preferred securities.
Product Code: PRIO8
Portfolio Status: Primary
Initial Offer Date: 01/29/2018
Portfolio Ending Date: 04/29/2019
Tax Structure: Regulated Investment Company
Distributions: Monthly
Initial Offer Price: $10.0000
NAV(*): $9.9294
POP(*): $10.0656
Remaining Deferred Sales Charge: $0.1350
* As of Trade Date: 03/19/2018 4:00pm ET
The Public Offering Price (POP) represents the net asset value per unit plus any applicable organization costs and sales charges. The Net Asset Value (NAV) represents the value per unit of a trust’s portfolio securities and other assets reduced by applicable deferred sales charges and other liabilities.

 Estimated Net Annual Distribution Per Unit
Year 1 * $0.4849
Subsequent Years * $0.4831
As of 03/19/2018
* The estimated net annual distribution for subsequent years is expected to be less than the amount for the first year because a portion of the securities included in the portfolio will be sold to pay for organization costs, the deferred sales charge and the creation and development fee.  The estimates are based on annualizing the most recent dividends declared by the issuers of the securities included in the portfolio. There is no guarantee that the issuers of the securities included in the portfolio will declare distributions in the future or that, if declared, they will either remain at current levels or increase over time.

 Holdings  Export Current Holdings | View Initial Holdings  
 eBay Inc., 6.000%, Due 02/01/2056 EBAYL 4.58%
 Dominion Energy, Inc., Series A, 5.250%, Due 07/30/2076 DRUA 4.55%
 NextEra Energy Capital Holdings, Inc., Series K, 5.250%, Due 06/01/2076 NEE.K 4.55%
 AT&T Inc., 5.350%, Due 11/01/2066 TBB 4.52%
 National Retail Properties, Inc., Series F, 5.200% NNN.F 4.32%
 Federal Realty Investment Trust, Series C, 5.000% FRT.C 4.24%
 Stifel Financial Corp., 5.20%, Due 10/15/2047 SFB 4.10%
 The PNC Financial Services Group, Inc., Series P, 6.125%, Variable Rate PNC.P 4.10%
 The Allstate Corporation, 5.100%, Variable Rate, Due 01/15/2053 ALL.B 4.08%
 State Street Corporation, Series D, 5.900%, Variable Rate STT.D 4.07%
 Axis Capital Holdings Limited, Series E, 5.500% AXS.E 4.04%
 JPMorgan Chase & Co., Series BB, 6.150% JPM.H 4.00%
 The Southern Company, 5.250%, Due 10/01/2076 SOJB 2.56%
 Entergy Arkansas, Inc., 4.875%, Due 09/01/2066 EAI 2.53%
 U.S. Bancorp, Series F, 6.500%, Variable Rate USB.M 2.52%
 The Hartford Financial Services Group, Inc., 7.875%, Variable Rate, Due 04/15/2042 HGH 2.51%
 Public Storage, Series F, 5.150% PSA.F 2.51%
 W.R. Berkley Corporation, 5.750%, Due 06/01/2056 WRB.D 2.50%
 DTE Energy Company, Series B, 5.375%, Due 06/01/2076 DTJ 2.48%
 PS Business Parks, Inc., Series W, 5.200% PSB.W 2.47%
 Arch Capital Group Ltd., Series F, 5.450% ACGLO 2.45%
 Kimco Realty Corporation, Series L, 5.125% KIM.L 2.37%
 OM Asset Management Plc, 5.125%, Due 08/01/2031 OMAA 2.05%
 The Southern Company, 5.250%, Due 12/01/2077 SOJC 2.04%
 Public Storage, Series B, 5.400% PSA.B 2.03%
 Entergy New Orleans, Inc., 5.500%, Due 04/01/2066 ENO 2.03%
 Wells Fargo & Company, 5.850%, Variable Rate WFC.Q 2.01%
 Arch Capital Group Ltd., Series E, 5.250% ACGLP 2.01%
 Wells Fargo & Company, Series X, 5.500% WFC.X 1.99%
 BOK Financial Corporation, 5.375%, Due 06/30/2056 BOKFL 1.98%
 PS Business Parks, Inc., Series X, 5.250% PSB.X 1.98%
 DTE Energy Company, Series E, 5.250%, Due 12/01/2077 DTW 1.97%
 American Financial Group, Inc., 6.250%, Due 09/30/2054 AFGE 1.95%
 Kimco Realty Corporation, Series M, 5.250% KIM.M 1.91%
Total Number of Holdings:    34
Underlying Securities information represented above is as of 03/16/2018 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  0.01%
  Deferred:  1.34%
C&D Fee:    0.50%
Maximum Sales Charge:   1.85%
CUSIP Type Distribution
30306Y269 Cash Monthly
30306Y277 Reinvest Monthly
* Based on the offer price as of 03/19/2018 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.50%
Maximum Sales Charge:   0.50%
CUSIP Type Distribution
30306Y285 Cash-Fee Monthly
30306Y293 Reinvest-Fee Monthly
* Based on the NAV price as of 03/19/2018 4:00pm ET
In addition to the sales charges listed, UITs are subject to annual operating expenses and organization costs.

 Deferred Sales Charge Schedule
Amount Date
$0.04500 May 18, 2018
$0.04500 June 20, 2018
$0.04500 July 20, 2018

Risk Considerations

Sector Concentration Risk. A portfolio which is concentrated in an individual sector is subject to additional risks, including limited diversification.

Financials Risk. The companies engaged in the financials sector are subject to the adverse effects of volatile interest rates, economic recession, decreases in the availability of capital, increased competition from new entrants in the field, and potential increased regulation.

High-Yield or Junk Bonds Risk. Investing in high-yield securities or "junk" bonds should be viewed as speculative and you should review your ability to assume the risks associated with investments which utilize such securities. High-yield securities are subject to numerous risks, including higher interest rates, economic recession, deterioration of the junk bond market, possible downgrades and defaults of interest and/or principal. High-yield security prices tend to fluctuate more than higher rated securities and are affected by short-term credit developments to a greater degree.

Preferred Securities Risk. Preferred securities are equity securities of the issuing company which pay income in the form of dividends. Preferred securities are typically subordinated to bonds and other debt instruments in a company's capital structure, and therefore will be subject to greater credit risk than those debt instruments.

Although the portfolio terminates in approximately one year, the strategy is long-term. Investors should consider their ability to pursue investing in successive portfolios, if available. There may be tax consequences unless units are purchased in an IRA or other qualified plan.

You should carefully consider the trust's investment objectives, risks, and charges and expenses before investing. Contact your financial advisor or call First Trust Portfolios, L.P. at 1.800.621.1675 to request a prospectus, which contains this and other information about the trust. Read it carefully before you invest.

This product information does not constitute an offer to sell, or a solicitation of an offer to buy securities in any state to any person to whom it is not lawful to make such an offer. Sales of any of these securities must include prospectus delivery and the services of a retail broker/dealer duly licensed in the appropriate states.

Not FDIC Insured, Not Bank Guaranteed and May Lose Value.

Fund Cusip Information
30306Y269 (Cash)
30306Y277 (Reinvest)
30306Y285 (Cash-Fee)
30306Y293 (Reinvest-Fee)
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The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA and the Internal Revenue Code. First Trust has no knowledge of and has not been provided any information regarding any investor. Financial advisors must determine whether particular investments are appropriate for their clients. First Trust believes the financial advisor is a fiduciary, is capable of evaluating investment risks independently and is responsible for exercising independent judgment with respect to its retirement plan clients.
First Trust Portfolios L.P.  Member SIPC and FINRA.
First Trust Advisors L.P.
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