First Trust Senior Floating Rate Income Fund II

First Trust Announces Results of Special Meeting of Shareholders Relating to the Reorganization of First Trust Senior Floating Rate Income Fund II with and into First Trust Flexible Income ETF

Shareholders of First Trust Senior Floating Rate Income Fund II approved the reorganization of the fund into the First Trust Flexible Income ETF. The transaction is expected to close on or around August 10, 2026, on a tax-free basis, with FCT assets transferring to FFLX. During the transition, FCT will hold increased cash levels, which may affect performance and cause returns to differ from the fund's principal investment strategy.

•4mo ago

First Trust Announces Adjournment of Special Meeting of Shareholders Relating to the Reorganization of First Trust Senior Floating Rate Income Fund II with and into First Trust Flexible Income ETF

First Trust Advisors adjourned the special shareholder meeting for First Trust Senior Floating Rate Income Fund II (FCT) from June 9 to June 25, 2026. The adjournment allows additional time for solicitation and voting on the proposed reorganization of FCT into First Trust Flexible Income ETF (FFLX). If approved, the reorganization is expected to close in Q3 2026, with FTA waiving 0.10% of its management fee for the first year post-closing.

•4mo ago

First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for June

First Trust Senior Floating Rate Income Fund II (FCT) declared a monthly common share distribution of $0.097 per share for June. The distribution is payable on June 15, 2026, to shareholders of record as of June 1, 2026, with an expected ex-dividend date of June 1. Based on the May 19 NAV of $9.85, the distribution rate is 11.82%, or 11.95% based on the closing market price of $9.74.

•5mo ago

First Trust Advisors L.P. Announces Portfolio Manager Update Regarding the Reorganization of First Trust Senior Floating Rate Income Fund II

First Trust Advisors announced that its Leveraged Finance Investment Team will release an update on the proposed reorganization of First Trust Senior Floating Rate Income Fund II (FCT) into First Trust Flexible Income ETF (FFLX). The update is scheduled for release on May 18, 2026, and will be available for listening until June 17, 2026. This release serves as a notice of the upcoming communication rather than disclosing the terms of the reorganization itself. FCT is a closed-end fund seeking high current income through senior secured floating-rate corporate loans, while FFLX is a newly formed ETF organized as a separate series of First Trust Exchange-Traded Fund VIII.

•5mo ago