# EDGAR Filing Document

**Accession Number:** 0000708191
**File Stem:** 0000708191-25-000083
**Filing Date:** 2025-6
**Character Count:** 35456
**Document Hash:** 7f86f00405c8e58e3f9d38c082739f20
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000708191-25-000083.hdr.sgml**: 20250606

**ACCESSION NUMBER**: 0000708191-25-000083

**CONFORMED SUBMISSION TYPE**: POS EX

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20250606

**DATE AS OF CHANGE**: 20250606

**EFFECTIVENESS DATE**: 20250606

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY FINANCIAL TRUST
- **CENTRAL INDEX KEY:** 0000708191

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** POS EX
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-284757
- **FILM NUMBER:** 251029367

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY FREEDOM FUND
- **DATE OF NAME CHANGE:** 19870129

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY TAX QUALIFIED EQUITY FUND
- **DATE OF NAME CHANGE:** 19830104

As filed with the Securities and Exchange Commission

on ***June 6, 2025***

Registration No. ***333-284757***

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-14

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

[ ] Pre-Effective Amendment No. ______

[X] Post-Effective Amendment No. _<u>2</u>_ ******

**Fidelity Financial Trust**

(Exact Name of Registrant as Specified in Charter)

Registrant's Telephone Number: **617-563-7000**

**245 Summer Street, Boston, Massachusetts 02210**

(Address of Principal Executive Offices)

**Nicole Macarchuk, Secretary and Chief Legal Officer**

**245 Summer Street**

**Boston, Massachusetts 02210**

(Name and Address of Agent for Service)

EXPLANATORY NOTE

This Post-Effective Amendment is being filed solely to file as an exhibit the final opinion of Dechert LLP supporting the tax consequences of the reorganization (Exhibit 12 to Item 16) of this Registration Statement on Form N-14.

[<u>The Proxy Statement/Prospectus is incorporated by reference to the Registrant's Registration Statement on Form N-14 filed on</u> <u>March 24, 2025</u> (SEC accession number <u>0001133228-25-003008</u>). The Statement of Additional Information is incorporated by reference to the Registrant's Registration Statement on Form N-14 filed on <u>March 24, 2025</u> (SEC accession number <u>0001133228-25-003008</u>).](http://www.sec.gov/Archives/edgar/data/708191/000113322825003008/fft-efp15126_485bpos.htm)

PART C. <u>OTHER INFORMATION</u>

<br> Item 15. <u>Indemnification</u>

Article XI, Section 2 of the Declaration of Trust sets forth the reasonable and fair means for determining whether indemnification shall be provided to any past or present Trustee or officer. It states that the Trust shall indemnify any present or past trustee or officer to the fullest extent permitted by law against liability, and all expenses reasonably incurred by him or her in connection with any claim, action, suit or proceeding in which he or she is involved by virtue of his or her service as a trustee or officer and against any amount incurred in settlement thereof. Indemnification will not be provided to a person adjudged by a court or other adjudicatory body to be liable to the Trust or its shareholders by reason of willful misfeasance, bad faith, gross negligence or reckless disregard of his or her duties (collectively, "disabling conduct"), or not to have acted in good faith in the reasonable belief that his or her action was in the best interest of the Trust. In the event of a settlement, no indemnification may be provided unless there has been a determination, as specified in the Declaration of Trust, that the officer or trustee did not engage in disabling conduct.

Pursuant to Section 11 of the Distribution Agreement, the Trust agrees to indemnify and hold harmless the Distributor and each of its directors and officers and each person, if any, who controls the Distributor within the meaning of Section 15 of the 1933 Act against any loss, liability, claim, damages or expense (including the reasonable cost of investigating or defending any alleged loss, liability, claim, damages, or expense and reasonable counsel fees incurred in connection therewith) arising by reason of any person acquiring any shares, based upon the ground that the registration statement, Prospectus, Statement of Additional Information, shareholder reports or other information filed or made public by the Trust (as from time to time amended) included an untrue statement of a material fact or omitted to state a material fact required to be stated or necessary in order to make the statements not misleading under the 1933 Act, or any other statute or the common law. However, the Trust does not agree to indemnify the Distributor or hold it harmless to the extent that the statement or omission was made in reliance upon, and in conformity with, information furnished to the Trust by or on behalf of the Distributor. In no case is the indemnity of the Trust in favor of the Distributor or any person indemnified to be deemed to protect the Distributor or any person against any liability to the Issuer or its security holders to which the Distributor or such person would otherwise be subject by reason of willful misfeasance, bad faith or gross negligence in the performance of its duties or by reason of its reckless disregard of its obligations and duties under this Agreement.

Pursuant to the agreement by which Fidelity Investments Institutional Operations Company LLC ("FIIOC") is appointed transfer agent, the Registrant agrees to indemnify and hold FIIOC harmless against any losses, claims, damages, liabilities or expenses (including reasonable counsel fees and expenses) resulting from:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) any claim, demand, action or suit brought by any person other than the Registrant, including by a shareholder, which names FIIOC and/or the Registrant as a party and is not based on and does not result from FIIOC's willful misfeasance, bad faith or negligence or reckless disregard of duties, and arises out of or in connection with FIIOC's performance under the Transfer Agency Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) any claim, demand, action or suit (except to the extent contributed to by FIIOC's willful misfeasance, bad faith or negligence or reckless disregard of duties) which results from the negligence of the Registrant, or from FIIOC's acting upon any instruction(s) reasonably believed by it to have been executed or communicated by any person duly authorized by the Registrant, or as a result of FIIOC's acting in reliance upon advice reasonably believed by FIIOC to have been given by counsel for the Registrant, or as a result of FIIOC's acting in reliance upon any instrument or stock certificate reasonably believed by it to have been genuine and signed, countersigned or executed by the proper person.

Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers or persons controlling the Registrant, the Registrant has been informed that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is therefore unenforceable.

<br> Item 16. Exhibits

(1) (1) [<u>Amended and Restated Declaration of Trust, dated September 18, 2002, is incorporated herein by reference to Exhibit (a)(1) of Post-Effective Amendment No. 38</u>](http://www.sec.gov/Archives/edgar/data/708191/000070819103000002/a.htm) .

(2) [<u>Amendment to the Declaration of Trust, dated March 16, 2005, is incorporated herein by reference to Exhibit (a)(2) of Post-Effective Amendment No. 44</u>](http://www.sec.gov/Archives/edgar/data/708191/000071945106000006/a2.htm) .

(3) [<u>Amendment to the Declaration of Trust, dated May 14, 2008, is incorporated herein by reference to Exhibit (a)(3) of Post-Effective Amendment No. 51</u>](http://www.sec.gov/Archives/edgar/data/708191/000070819108000010/a3.htm) .

(2) [<u>Bylaws of the Trust, as amended and dated June 17, 2004, are incorporated herein by reference to Exhibit (b) of Fidelity Summer Street Trust's (File No. 002-58542) Post-Effective Amendment No. 63</u>](http://www.sec.gov/Archives/edgar/data/225322/000022532204000010/b.htm) .

(3) Not applicable.

(4) [Agreement and Plan of Reorganization between Fidelity Advisor Series I: Fidelity Advisor Equity Income Fund and Fidelity Financial Trust: Fidelity Equity Dividend Income Fund is incorporated herein by reference to Exhibit 1 to the Information Statement and Prospectus filed in Post-Effective Amendment No. 1.](http://www.sec.gov/Archives/edgar/data/708191/000113322825003008/fft-efp15126_485bpos.htm#exhibit1)

(5) Articles III, VIII, X and X1 of the [<u>Amended and Restated Declaration of Trust, dated September 18, 2002, are incorporated herein by reference to Exhibit (a)(1) of Post-Effective Amendment No. 38</u>](http://www.sec.gov/Archives/edgar/data/708191/000070819103000002/a.htm) <u>; and Article VIII of the</u> [<u>Amendment to the Declaration of Trust, dated May 14, 2008, is incorporated herein by reference to Exhibit (a)(3) of Post-Effective Amendment No. 51</u>](http://www.sec.gov/Archives/edgar/data/708191/000070819108000010/a3.htm)

(6) (1) [<u>Amended and Restated Management Contract, dated March 1, 2024, between Fidelity Management & Research Company LLC, Fidelity Investments Institutional Operations Company LLC, and Fidelity Service Company, Inc., on behalf of Fidelity Convertible Securities Fund is incorporated herein by reference to Exhibit (d)(1) of Post-Effective Amendment No. 83.</u>](http://www.sec.gov/Archives/edgar/data/708191/000070819124000061/d1.htm)

(2) [<u>Amended and Restated Management Contract, dated March 1, 2024, between Fidelity Management & Research Company LLC, Fidelity Investments Institutional Operations Company LLC, and Fidelity Service Company, Inc., on behalf of Fidelity Equity Dividend Income Fund is incorporated herein by reference to Exhibit (d)(2) of Post-Effective Amendment No. 86.</u>](http://www.sec.gov/Archives/edgar/data/708191/000070819125000048/d2.htm)

(3) [<u>Amended and Restated Sub-Advisory Agreement, dated March 1, 2024, between Fidelity Management & Research Company LLC and Fidelity Management & Research (Hong Kong) Limited, on behalf of the Registrant is incorporated herein by reference to Exhibit (d)(25) of Fidelity Summer Street Trust's (File No. 002-58542) Post-Effective Amendment No. 221</u>](http://www.sec.gov/Archives/edgar/data/225322/000022532224000052/d25.htm) .

(4) [<u>Schedule A to the Amended and Restated Sub-Advisory Agreement, dated March 1, 2024, between Fidelity Management & Research Company LLC and Fidelity Management & Research (Hong Kong) Limited, on behalf of the Registrant is incorporated herein by reference to Exhibit (d)(4) of Post-Effective Amendment No. 86.</u>](http://www.sec.gov/Archives/edgar/data/708191/000070819125000048/d4.htm)

(5) [<u>Amended and Restated Sub-Advisory Agreement, dated March 1, 2024, between Fidelity Management & Research Company LLC and Fidelity Management & Research (Japan) Limited, on behalf of the Registrant is incorporated herein by reference to Exhibit (d)(31) of Fidelity Summer Street Trust's (File No. 002-58542) Post-Effective Amendment No. 221.</u>](http://www.sec.gov/Archives/edgar/data/225322/000022532224000052/d31.htm)

(6) [<u>Schedule A to the Amended and Restated Sub-Advisory Agreement, dated March 1, 2024, between Fidelity Management & Research Company LLC and Fidelity Management & Research (Japan) Limited, on behalf of the Registrant is incorporated herein by reference to Exhibit (d)(6) of Post-Effective Amendment No. 86.</u>](http://www.sec.gov/Archives/edgar/data/708191/000070819125000048/d6.htm)

(7) [<u>Amended and Restated Sub-Advisory Agreement, dated March 1, 2024, between Fidelity Management & Research Company LLC and FMR Investment Management (UK) Limited, on behalf of the Registrant is incorporated herein by reference to Exhibit (d)(37) of Fidelity Summer Street Trust's (File No. 002-58542) Post-Effective Amendment No. 221.</u>](http://www.sec.gov/Archives/edgar/data/225322/000022532224000052/d37.htm)

(8) [<u>Schedule A to the Amended and Restated Sub-Advisory Agreement, dated March 1, 2024, between Fidelity Management & Research Company LLC and FMR Investment Management (UK) Limited, on behalf of the Registrant is incorporated herein by reference to Exhibit (d)(8) of Post-Effective Amendment No. 86.</u>](http://www.sec.gov/Archives/edgar/data/708191/000070819125000048/d8.htm)

(7) (1) [<u>Amended and Restated General Distribution Agreement, dated January 1, 2020, between Fidelity Financial Trust and Fidelity Distributors Company LLC, on behalf of Fidelity Convertible Securities Fund, is incorporated herein by reference to Exhibit (e)(1) of Post-Effective Amendment No. 77</u>](http://www.sec.gov/Archives/edgar/data/708191/000137949120000224/e1.htm) .

(2) [<u>Amended and Restated General Distribution Agreement, dated January 1, 2020, between Fidelity Financial Trust and Fidelity Distributors Company LLC, on behalf of Fidelity Equity Dividend Income Fund, is incorporated herein by reference to Exhibit (e)(2) of Post-Effective Amendment No. 77</u>](http://www.sec.gov/Archives/edgar/data/708191/000137949120000224/e2.htm) .

(3) [<u>Form of Selling Dealer Agreement (most recently revised March 2024), is incorporated herein by reference to Exhibit (e)(27) of Fidelity Concord Street Trust's (File No. 033-15983) Post-Effective Amendment No. 171.</u>](http://www.sec.gov/Archives/edgar/data/819118/000081911824000143/e27.htm)

(4) [<u>Form of Bank Agency Agreement (most recently revised March 2024), is incorporated herein by reference to Exhibit (e)(28) of Fidelity Concord Street Trust's (File No. 002-41839) Post-Effective Amendment No. 171.</u>](http://www.sec.gov/Archives/edgar/data/819118/000081911824000143/e28.htm)

(8) [<u>Amended and Restated Fee Deferral Plan of the Non-Interested Person Trustees of the Fidelity Equity and High Income Funds effective as of September 15, 1995, as amended and restated as of March 1, 2018, is incorporated herein by reference to Exhibit (f) of Fidelity Commonwealth Trust's (File No. 002-52322) Post-Effective Amendment No. 150</u>](http://www.sec.gov/Archives/edgar/data/205323/000137949119000247/exf.htm) .

(9) (1) [<u>Custodian Agreement, dated January 1, 2007, between The Northern Trust Company and Fidelity Equity Dividend Income Fund is incorporated herein by reference to Exhibit (g)(9) of Fidelity Financial Trust's (File No. 002-79910) Post-Effective Amendment No. 45.</u>](http://www.sec.gov/Archives/edgar/data/708191/000102269507000023/g9.htm)

(2) [<u>Custodian Agreement, dated January 1, 2007, between State Street Bank and Trust Company and Fidelity Convertible Securities Fund is incorporated herein by reference to Exhibit (g)(4) of Fidelity Advisor Series I's (File No. 002-84776) Post-Effective Amendment No. 72.</u>](http://www.sec.gov/Archives/edgar/data/722574/000088019507000016/g4.htm)

(10) (1) [<u>Amended and Restated Distribution and Service Plan pursuant to Rule 12b-1 for Fidelity Convertible Securities Fund: Retail Class, is incorporated herein by reference to Exhibit (m)(1) of Post-Effective Amendment No. 77</u>](http://www.sec.gov/Archives/edgar/data/708191/000137949120000224/m1.htm) .

(2) [<u>Amended and Restated Distribution and Service Plan pursuant to Rule 12b-1 for Fidelity Convertible Securities Fund: Fidelity Advisor Convertible Securities Fund Class A, is incorporated herein by reference to Exhibit (m)(2) of Post-Effective Amendment No. 77</u>](http://www.sec.gov/Archives/edgar/data/708191/000137949120000224/m2.htm) .

(3) [<u>Amended and Restated Distribution and Service Plan pursuant to Rule 12b-1 for Fidelity Convertible Securities Fund: Fidelity Advisor Convertible Securities Fund Class C, is incorporated herein by reference to Exhibit (m)(3) of Post-Effective Amendment No. 77</u>](http://www.sec.gov/Archives/edgar/data/708191/000137949120000224/m3.htm) .

(4) [<u>Amended and Restated Distribution and Service Plan pursuant to Rule 12b-1 for Fidelity Convertible Securities Fund: Fidelity Advisor Convertible Securities Fund Class I, is incorporated herein by reference to Exhibit (m)(4) of Post-Effective Amendment No. 77</u>](http://www.sec.gov/Archives/edgar/data/708191/000137949120000224/m4.htm) .

(5) [<u>Amended and Restated Distribution and Service Plan pursuant to Rule 12b-1 for Fidelity Convertible Securities Fund: Fidelity Advisor Convertible Securities Fund Class M, is incorporated herein by reference to Exhibit (m)(5) of Post-Effective Amendment No. 77</u>](http://www.sec.gov/Archives/edgar/data/708191/000137949120000224/m5.htm) .

(6) [<u>Amended and Restated Distribution and Service Plan pursuant to Rule 12b-1 for Fidelity Convertible Securities Fund: Fidelity Advisor Convertible Securities Fund Class Z, is incorporated herein by reference to Exhibit (m)(6) of Post-Effective Amendment No. 77</u>](http://www.sec.gov/Archives/edgar/data/708191/000137949120000224/m6.htm) .

(7) [<u>Amended and Restated Distribution and Service Plan pursuant to Rule 12b-1 for Fidelity Equity Dividend Income Fund: Retail Class, is incorporated herein by reference to Exhibit (m)(7) of Post-Effective Amendment No. 77</u>](http://www.sec.gov/Archives/edgar/data/708191/000137949120000224/m7.htm) .

(8) [<u>Amended and Restated Distribution and Service Plan pursuant to Rule 12b-1 for Fidelity Equity Dividend Income Fund: Class K, is incorporated herein by reference to Exhibit (m)(8) of Post-Effective Amendment No. 77</u>](http://www.sec.gov/Archives/edgar/data/708191/000137949120000224/m8.htm) .

(9) [<u>Distribution and Service Plan pursuant to Rule 12b-1 for Fidelity Equity Dividend Income Fund: Fidelity Advisor Equity Dividend Income Fund: Class A, is incorporated herein by reference to Exhibit (m)(9) of Post-Effective Amendment No. 86.</u>](http://www.sec.gov/Archives/edgar/data/708191/000070819125000048/m9.htm)

(10) [<u>Distribution and Service Plan pursuant to Rule 12b-1 for Fidelity Equity Dividend Income Fund: Fidelity Advisor Equity Dividend Income Fund: Class M, is incorporated herein by reference to Exhibit (m)(10) of Post-Effective Amendment No. 86.</u>](http://www.sec.gov/Archives/edgar/data/708191/000070819125000048/m10.htm)

(11) [<u>Distribution and Service Plan pursuant to Rule 12b-1 for Fidelity Equity Dividend Income Fund: Fidelity Advisor Equity Dividend Income Fund: Class C, is incorporated herein by reference to Exhibit (m)(11) of Post-Effective Amendment No. 86.</u>](http://www.sec.gov/Archives/edgar/data/708191/000070819125000048/m11.htm)

(12) [<u>Distribution and Service Plan pursuant to Rule 12b-1 for Fidelity Equity Dividend Income Fund: Fidelity Advisor Equity Dividend Income Fund: Class I, is incorporated herein by reference to Exhibit (m)(12) of Post-Effective Amendment No. 86.</u>](http://www.sec.gov/Archives/edgar/data/708191/000070819125000048/m12.htm)

(13) [<u>Distribution and Service Plan pursuant to Rule 12b-1 for Fidelity Equity Dividend Income Fund: Fidelity Advisor Equity Dividend Income Fund: Class Z, is incorporated herein by reference to Exhibit (m)(13) of Post-Effective Amendment No. 86.</u>](http://www.sec.gov/Archives/edgar/data/708191/000070819125000048/m13.htm)

(14) [<u>Amended and Restated Multiple Class of Shares Plan (Equity) pursuant to Rule 18f-3 for Fidelity Funds with Retail, Retirement and/or Advisor Classes, dated March 1, 2024, on behalf of the Registrant is incorporated herein by reference to Exhibit (n)(1) of Fidelity Summer Street Trust's (File No. 002-58542) Post-Effective Amendment No. 221.</u>](http://www.sec.gov/Archives/edgar/data/225322/000022532224000052/n1.htm)

(15) [<u>Schedule I (Equity), dated January 1, 2025, to the Amended and Restated Multiple Class of Shares Plan pursuant to Rule 18f-3 for Fidelity Funds with Retail, Retirement and/or Advisor Classes, dated March 1, 2024, on behalf of the Registrant is incorporated herein by reference to Exhibit (n)(2) of Post-Effective Amendment No. 86.</u>](http://www.sec.gov/Archives/edgar/data/708191/000070819125000048/n2.htm)

(11) [<u>Opinion and consent of counsel Dechert LLP, as to the legality of shares being registered is incorporated herein by reference to Exhibit 11 of Fidelity Financial Trust's N-14.</u>](http://www.sec.gov/Archives/edgar/data/708191/000113322825001014/fft-efp14465_ex9911.htm)

(12) [<u>Opinion and Consent of counsel Dechert LLP, as to tax matters – is filed herein as Exhibit 12.</u>](ex12.htm)

(13) Not applicable.

(14) [(1) Consent of PricewaterhouseCoopers LLP, dated March 20, 2025, is incorporated herein by reference to Exhibit 14(1) of Post-Effective Amendment No.1.](http://www.sec.gov/Archives/edgar/data/708191/000113322825003008/fft-efp15126_ex99141.htm)

<br>[(2) Consent of Deloitte & Touche LLP, dated March 20, 2025, is incorporated herein by reference to Exhibit 14(2) of Post-Effective Amendment No.1.](http://www.sec.gov/Archives/edgar/data/708191/000113322825003008/fft-efp15126_ex99142.htm)

(15) Not applicable.

(16) [Power of Attorney, dated December 1, 2024, is filed herein as Exhibit 16.](ex16.htm)

(17) Not applicable.

Item 17. Undertakings

(1) The undersigned Registrant agrees that prior to any public reoffering of the securities registered through the use of the prospectus which is a part of this Registration Statement by any person or party who is deemed to be an underwriter within the meaning of Rule 145(c) of the Securities Act of 1933, the reoffering prospectus will contain the information called for by the applicable registration form for reoffering by persons who may be deemed underwriters, in addition to the information called for by the other items of the applicable form.

(2) The undersigned Registrant agrees that every prospectus that is filed under paragraph (1) above will be filed as part of an amendment to the Registration Statement and will not be used until the amendment is effective, and that, in determining any liability under the Securities Act of 1933, each Post-Effective Amendment shall be deemed to be a new Registration Statement for the securities offered therein, and the offering of securities at that time shall be deemed to be the initial bona fide offering of them.

(3) The undersigned Registrant undertakes to file a post-effective amendment to this registration statement prior to the closing of the Reorganization described in this Registration Statement that contains an opinion of counsel supporting the tax matters discussed in this Registration Statement.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for the effectiveness of this Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this Post-Effective Amendment No. 2 to the Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Boston, and Commonwealth of Massachusetts, on the 6th day of June 2025.

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| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp; Fidelity Financial Trust | &nbsp;&nbsp; Fidelity Financial Trust |
|  | &nbsp;&nbsp; By | &nbsp;&nbsp; <u>/s/</u><u>Stacie M. Smith</u> |
| &nbsp;&nbsp; \|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\| |  | &nbsp;&nbsp; Stacie M. Smith, President |

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Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(Signature)</u>  | &nbsp;&nbsp; <u>(Title)</u> | &nbsp;&nbsp; <u>(Date)</u> |
| &nbsp;&nbsp; <u>/s/</u><u>Stacie M. Smith</u> | &nbsp;&nbsp; President and Treasurer | &nbsp;&nbsp; June 6, 2025  |
| &nbsp;&nbsp; Stacie M. Smith | &nbsp;&nbsp; (Principal Executive Officer) |  |
| &nbsp;&nbsp; <u>/s/Stephanie Caron</u> | &nbsp;&nbsp; Chief Financial Officer | &nbsp;&nbsp; June 6, 2025  |
| &nbsp;&nbsp; Stephanie Caron | &nbsp;&nbsp; (Principal Financial Officer) |  |
| &nbsp;&nbsp; <u>/s/Vijay C. Advani</u><br> &nbsp;&nbsp; \* | &nbsp;&nbsp; Trustee | &nbsp;&nbsp; June 6, 2025  |
| &nbsp;&nbsp; Vijay C. Advani |  |  |
| &nbsp;&nbsp; <u>/s/Thomas P. Bostick</u><br> &nbsp;&nbsp; \* | &nbsp;&nbsp; Trustee | &nbsp;&nbsp; June 6, 2025  |
| &nbsp;&nbsp; Thomas P. Bostick |  |  |
| &nbsp;&nbsp; <u>/s/Donald F. Donahue</u><br> &nbsp;&nbsp; \* | &nbsp;&nbsp; Trustee | &nbsp;&nbsp; June 6, 2025  |
| &nbsp;&nbsp; Donald F. Donahue |  |  |
| &nbsp;&nbsp; <u>/s/Bettina Doulton</u><br> &nbsp;&nbsp; \* | &nbsp;&nbsp; Trustee | &nbsp;&nbsp; June 6, 2025  |
| &nbsp;&nbsp; Bettina Doulton |  |  |
| &nbsp;&nbsp; <u>/s/Vicki L. Fuller</u><br> &nbsp;&nbsp; \* | &nbsp;&nbsp; Trustee | &nbsp;&nbsp; June 6, 2025  |
| &nbsp;&nbsp; Vicki L. Fuller |  |  |
| &nbsp;&nbsp; <u>/s/Patricia L. Kampling</u><br> &nbsp;&nbsp; \* | &nbsp;&nbsp; Trustee | &nbsp;&nbsp; June 6, 2025  |
| &nbsp;&nbsp; Patricia L. Kampling |  |  |
| &nbsp;&nbsp; <u>/s/Thomas Kennedy</u><br> &nbsp;&nbsp; \* | &nbsp;&nbsp; Trustee | &nbsp;&nbsp; June 6, 2025  |
| &nbsp;&nbsp; Thomas Kennedy |  |  |
| &nbsp;&nbsp; <u>/s/Robert A. Lawrence</u><br> &nbsp;&nbsp; \* | &nbsp;&nbsp; Trustee | &nbsp;&nbsp; June 6, 2025  |
| &nbsp;&nbsp; Robert A. Lawrence |  |  |
| &nbsp;&nbsp; <u>/s/Oscar Munoz</u><br> &nbsp;&nbsp; \* | &nbsp;&nbsp; Trustee | &nbsp;&nbsp; June 6, 2025  |
| &nbsp;&nbsp; Oscar Munoz |  |  |
| &nbsp;&nbsp; <u>/s/Karen B. Peetz</u><br> &nbsp;&nbsp; \* | &nbsp;&nbsp; Trustee | &nbsp;&nbsp; June 6, 2025  |
| &nbsp;&nbsp; Karen B. Peetz |  |  |
| &nbsp;&nbsp; <u>/s/David M. Thomas</u><br> &nbsp;&nbsp; \* | &nbsp;&nbsp; Trustee | &nbsp;&nbsp; June 6, 2025  |
| &nbsp;&nbsp; David M. Thomas |  |  |
| &nbsp;&nbsp; <u>/s/Susan Tomasky</u><br> &nbsp;&nbsp; \* | &nbsp;&nbsp; Trustee | &nbsp;&nbsp; June 6, 2025  |
| &nbsp;&nbsp; Susan Tomasky |  |  |
| &nbsp;&nbsp; <u>/s/Michael E. Wiley</u><br> &nbsp;&nbsp; \* | &nbsp;&nbsp; Trustee | &nbsp;&nbsp; June 6, 2025  |
| &nbsp;&nbsp; Michael E. Wiley |  |  |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp; \* | &nbsp;&nbsp; By: | &nbsp;&nbsp; <u>/s/Megan C. Johnson</u> |
|  |  | &nbsp;&nbsp; Megan C. Johnson, ****pursuant to a power of attorney dated December 1, 2024, and filed herewith. |

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## Ex-12

DechertLLP

1095 Avenue of the Americas<br>New York, NY 10036-6797

+1 212 698 3500 Main

+1 212 698 3599 Fax

www.dechert.com

June 6, 2025

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| &nbsp;&nbsp; Board of Trustees<br> Fidelity Advisor Equity Income Fund <br> a series of Fidelity Advisor Series I <br>245 Summer Street<br>Boston, Massachusetts 02210 |
| &nbsp;&nbsp; Board of Trustees <br> Fidelity Equity Dividend Income Fund <br> a series of Fidelity Financial Trust<br>245 Summer Street<br>Boston, Massachusetts 02210 |

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Dear Ladies and Gentlemen:

You have requested our opinion regarding certain federal income tax consequences to Fidelity Advisor Equity Income Fund (the "Acquired Fund"), a separate series of Fidelity Advisor Series I, a Massachusetts business trust (the "Acquired Fund Trust"), and Fidelity Equity Dividend Income Fund (the "Acquiring Fund"), a separate series of Fidelity Financial Trust, a Massachusetts business trust (the "Acquiring Fund Trust"), and to the holders of shares of beneficial interest in the Acquired Fund (the "Acquired Fund Shareholders"), in connection with the transfer of all of the assets, as defined in paragraph 3(b) of the Agreement and Plan of Reorganization (the "Agreement") dated as of October 16, 2024, executed by the Acquiring Fund Trust on behalf of the Acquiring Fund and by Acquired Fund Trust on behalf of the Acquired Fund, of the Acquired Fund to the Acquiring Fund in exchange solely for shares of beneficial interest of the Acquiring Fund (the "Acquiring Fund Shares") and the assumption of the Acquired Fund's liabilities as defined in paragraph 3(c) of the Agreement by the Acquiring Fund, followed by the distribution of the Acquiring Fund Shares received by the Acquired Fund in complete liquidation and termination of the Acquired Fund (the "Reorganization"), all pursuant to the Agreement.

For purposes of this opinion, we have examined and relied upon (1) the Agreement, (2) the facts and representations contained in the letter dated on or about the date hereof addressed to us from the Acquiring Fund Trust on behalf of the Acquiring Fund, (3) the facts and representations contained in the letter dated on or about the date hereof addressed to us from the Acquired Fund Trust on behalf of the Acquired Fund, and (4) such other documents and instruments as we have deemed necessary or appropriate for purposes of rendering this opinion.

This opinion is based upon the Internal Revenue Code of 1986, as amended (the "Code"), United States Treasury Regulations, judicial decisions, and administrative rulings and pronouncements of the Internal Revenue Service, all as in effect on the date hereof. This opinion is conditioned upon the Reorganization taking place in the manner described in the Agreement.

Based upon the foregoing, it is our opinion that for federal income tax purposes, with respect to the Acquired Fund and the Acquiring Fund:

1. The Reorganization will constitute a tax-free reorganization within the meaning of section 368(a) of the Code.

2. The Acquired Fund will not recognize gain or loss upon the transfer of substantially all of its assets to the Acquiring Fund in exchange solely for the Acquiring Fund Shares and the assumption of all liabilities of the Acquired Fund, except that the Acquired Fund may be required to recognize gain or loss with respect to contracts described in section 1256(b) of the Code or stock in a passive foreign investment company, as defined in section 1297(a) of the Code.

3. The Acquired Fund will not recognize gain or loss upon the distribution to its shareholders of the Acquiring Fund Shares received by the Acquired Fund in the Reorganization.

4. The Acquiring Fund will recognize no gain or loss upon receiving the properties of the Acquired Fund in exchange solely for the Acquiring Fund Shares and the assumption of all liabilities of the Acquired Fund.

5. The adjusted basis to the Acquiring Fund of the properties of the Acquired Fund received by the Acquiring Fund in the Reorganization will be the same as the adjusted basis of those properties in the hands of the Acquired Fund immediately before the exchange.

6. The Acquiring Fund's holding periods with respect to the properties of the Acquired Fund that the Acquiring Fund acquires in the Reorganization will include the respective periods for which those properties were held by the Acquired Fund (except where investment activities of the Acquiring Fund have the effect of reducing or eliminating a holding period with respect to an asset).

7. The Acquired Fund Shareholders will recognize no gain or loss upon receiving the Acquiring Fund Shares solely in exchange for the Acquired Fund shares.

8. The aggregate basis of the Acquiring Fund Shares received by an Acquired Fund Shareholder in the Reorganization will be the same as the aggregate basis of the Acquired Fund shares surrendered by the Acquired Fund Shareholder in exchange therefor.

9. An Acquired Fund Shareholder's holding period for the Acquiring Fund Shares received by the Acquired Fund Shareholder in the Reorganization will include the holding period during which the Acquired Fund Shareholder held the Acquired Fund shares surrendered in exchange therefor, provided that the Acquired Fund Shareholder held such shares as a capital asset on the date of the Reorganization.

We express no opinion as to the federal income tax consequences of the Reorganization except as expressly set forth above, or as to any transaction except those consummated in accordance with the Agreement. Without limiting the foregoing, we express no opinion as to the federal income tax consequences of the Reorganization to the Acquired Fund with respect to contracts described in section 1256(b) of the Code or stock in a passive foreign investment company, as defined in section 1297(a) of the Code.

Very truly yours,

/s/ Dechert LLP

## Ex-16

<u>POWER OF ATTORNEY</u>

We, the undersigned Trustees of the Fidelity Financial Trust (the Trust) hereby constitute and appoint Thomas C. Bogle, John V. O'Hanlon, Megan C. Johnson and Anthony H. Zacharski, each of them singly, our true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for us and in our names in the appropriate capacities, the Registration Statement of the Trust on Form N-14 under the Securities Act of 1933 and the Investment Company Act of 1940 relating to proposed reorganizations of Fidelity Advisor Series I: Fidelity Advisor Equity Income Fund into Fidelity Equity Dividend Income Fund, a series of the Trust, any and all subsequent Amendments, Pre-Effective Amendments, or Post-Effective Amendments to said Registration Statement, and any supplements or other instruments in connection therewith, and generally to do all such things in our names and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940, and all related requirements of the Securities and Exchange Commission. We hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof. This power of attorney is effective for all documents filed on or after December 1, 2024.

<br>WITNESS our hands on this first day of December 2024.

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| | |
|:---|:---|
| &nbsp;&nbsp; <u>/s/ Vijay C. Advani</u> | &nbsp;&nbsp; <u>/s/ Robert A. Lawrence</u> |
| &nbsp;&nbsp; Vijay C. Advani | &nbsp;&nbsp; Robert A. Lawrence |
| &nbsp;&nbsp; <u>/s/ Thomas P. Bostick</u> | &nbsp;&nbsp; <u>/s/ Oscar Munoz</u> |
| &nbsp;&nbsp; Thomas P. Bostick | &nbsp;&nbsp; Oscar Munoz |
| &nbsp;&nbsp; <u>/s/ Donald F. Donahue</u> | &nbsp;&nbsp; <u>/s/ Karen B. Peetz</u> |
| &nbsp;&nbsp; Donald F. Donahue | &nbsp;&nbsp; Karen B. Peetz |
| &nbsp;&nbsp; <u>/s/ Bettina Doulton</u> | &nbsp;&nbsp; <u>/s/ David M. Thomas</u> |
| &nbsp;&nbsp; Bettina Doulton | &nbsp;&nbsp; David M. Thomas |
| &nbsp;&nbsp; <u>/s/ Vicki L. Fuller</u> | &nbsp;&nbsp; <u>/s/ Susan Tomasky</u> |
| &nbsp;&nbsp; Vicki L. Fuller | &nbsp;&nbsp; Susan Tomasky |
| &nbsp;&nbsp; <u>/s/ Patricia L. Kampling</u> | &nbsp;&nbsp; <u>/s/ Michael E. Wiley</u> |
| &nbsp;&nbsp; Patricia L. Kampling | &nbsp;&nbsp; Michael E. Wiley |
| &nbsp;&nbsp; <u>/s/ Thomas Kennedy</u> |  |
| &nbsp;&nbsp; Thomas Kennedy |  |

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