Monitor the shareholder vote outcome on June 25, 2026. If approved, FCT shares will convert to ETF shares; shareholders who do not wish to participate must act before the deadlines (late July 2026). The stock may trade at a discount or premium to NAV as the reorganization date approaches.
Price Chart
Executive Summary
First Trust Senior Floating Rate Income Fund II (FCT) filed additional definitive proxy soliciting materials providing instructions for shareholders on handling their shares in connection with the proposed reorganization into First Trust Flexible Income ETF. The shareholder vote is scheduled for June 25, 2026, and if approved, the reorganization is expected on or about August 7, 2026. This filing is procedural and does not contain new financial information.
Key Financial Metrics
Key Facts
- Shareholder vote to approve reorganization of FCT into First Trust Flexible Income ETF is scheduled for June 25, 2026.
- Reorganization date expected on or about August 7, 2026, pending shareholder approval.
- Non-certificated shareholders must contact their broker or redeem shares at least 10 days prior to reorganization date.
- Certificated shareholders must surrender original certificates at least 15 days prior to reorganization date.
- If shareholders take no action, shares will be automatically sold 8 days prior to reorganization date.
Financial Impact
No financial figures disclosed; filing provides procedural instructions only.
Risk Factors
- Reorganization may not receive shareholder approval.
- Shareholders who fail to act may have their shares automatically sold, potentially at an unfavorable price.
- Conversion to an ETF could alter the fund's trading characteristics and tax treatment.
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| DEFA14A Filing (Primary) | 0001445546-26-004405 |
| Document: 0001445546-26-004405-index-headers.html | 0001445546-26-004405 |
| Document: 0001445546-26-004405-index.html | 0001445546-26-004405 |
| Document: 0001445546-26-004405.txt | 0001445546-26-004405 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 10, 2026 11w ago | 25-NSE | $9.67 | awaiting T+20 | — | — |
Aug 10, 2026 11w ago | 8-K | $9.67 | awaiting T+20 | — | — |
Jun 25, 2026 17w ago | 8-K | $9.70 $9.63 | ▼ −0.72% | ▼ −1.98% | — |
Jun 16, 2026 19w ago | DEFA14A | $9.59 $9.61 | ▲ +0.21% | ▲ +0.01% | — |
Jun 9, 2026 20w ago | DEFA14A | $9.57 $9.60 | ▲ +0.31% | ▼ −3.31% | — |
Jun 9, 2026 20w ago | DEFA14A | $9.57 $9.60 | ▲ +0.31% | ▼ −3.31% | — |
May 29, 2026 21w ago | DEFA14A | $9.66 $9.61 | ▼ −0.52% | ▲ +1.28% | — |
May 14, 2026 23w ago | 8-K | $9.66 $9.60 | ▼ −0.64% | ▼ −2.76% | — |
US Market Status
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