FCT: CEF Arbitrage Opportunity Via The Conversion [Seeking Alpha]
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: Seeking Alpha
This strategic move reflects a shift in structure, potentially enhancing liquidity and investor access. The conversion would remove the large discount to NAV, thus creating capital gains for holders. FCT investors should monitor implementation timelines and any changes to the fund's investment mandate. Richard Drury/DigitalVision via Getty Images Thesis The First Trust Senior Floating Rate Income Fund II ( FCT ) is a fixed-income closed-end fund, or CEF, that we last covered in 2024. At the time we downgraded the CEF to Hold, arguing This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in FCT over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I h
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High impacting First Trust Senior Floating Rate Income Fund II Common Shares of Beneficial Interest news events
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FCT
News
- 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
- Board of First Trust Senior Floating Rate Income Fund II Approves Conversion into an ETF [Yahoo! Finance]Yahoo! Finance
- Board of First Trust Senior Floating Rate Income Fund II Approves Conversion into an ETFBusiness Wire
- 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