Board of First Trust Senior Floating Rate Income Fund II Approves Conversion into an ETF
First Trust Senior Floating Rate Income Fund II Common Shares of Beneficial Interest (FCT)
US:NYSE Investor Relations:
ftportfolios.com/retail/cef/cefsummary.aspx?ticker=fct
Company Research
Source: Business Wire
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that the Board of Trustees of First Trust Senior Floating Rate Income Fund II (NYSE: FCT), a closed-end fund managed by FTA, approved the reorganization (the “Reorganization”) of FCT into First Trust Flexible Income ETF, a newly created exchange-traded fund (“ETF”) that will be traded on the NYSE and will be an actively managed ETF managed by FTA.Under the terms of the Reorganization, which is expected to be tax-free, the assets of FCT would be transferred to, and the liabilities of FCT would be assumed by, the new ETF, and shareholders of FCT would receive shares of the new ETF with a value equal to the aggregate net asset value of the FCT shares held by them. It is currently expected that the Reorganization will be consummated during 2026, subject to requisite approval by the shareholders of FCT and satisfaction of applicable regulatory requirements and approvals and customary closing conditions. T
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- First Trust Senior Floating Rate Income Fund II declares $0.097 dividend [Seeking Alpha]Seeking Alpha
- First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for JanuaryBusiness Wire
- FCT: CEF Arbitrage Opportunity Via The Conversion [Seeking Alpha]Seeking Alpha
- Board of First Trust Senior Floating Rate Income Fund II Approves Conversion into an ETF [Yahoo! Finance]Yahoo! Finance
- First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for December [Yahoo! Finance]Yahoo! Finance
FCT
Sec Filings
- 12/9/25 - Form 8-K
- 10/29/25 - Form NPORT-P
- FCT's page on the SEC website