Mergers & Acquisitions ·
On June 25, 2026, shareholders of First Trust Senior Floating Rate Income Fund II (FCT) approved a reorganization to…
FCTFirst Trust Senior Floating Rate Income Fund II
On June 25, 2026, shareholders of First Trust Senior Floating Rate Income Fund II (FCT) approved a reorganization to merge the Fund into First Trust Flexible Income ETF (FFLX), a newly formed series of First Trust Exchange-Traded Fund VIII. The transaction is expected to close on August 10, 2026, subject to customary conditions. The reorganization is intended to be tax-free, with FCT assets transferred to and liabilities assumed by FFLX. FCT shareholders will receive FFLX shares equal to the aggregate net asset value of their FCT holdings. The company is a closed-end management investment company that operates in the asset management industry.