First Trust closed-end funds rescind control share by-law across 14 funds

FIRST TRUST SENIOR FLOATING RATE INCOME FUND II

Board rescinded control share provisions in by-laws of 14 First Trust closed-end funds effective June 22, 2023.
Control Share By-Law previously required non-interested shareholder approval for voting rights on control-share acquisitions.
Rescission removes voting-rights limitations on all prior and future share purchases immediately.
Amended and Restated By-Laws adopted; full text filed as Exhibit 3.1 to Form 8-K.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

FIRST TRUST SENIOR FLOATING RATE INCOME FUND II: Amended and restated by-laws to rescind control share provisions (Article XII) and make conforming changes (effective 2023-06-22).

Change: bylaw amendment
Effective: 2023-06-22

Exact text from the filing

On June 22, 2023, the Board of Trustees of First Trust Senior Floating Rate Income Fund II amended and restated its existing Amended and Restated By-Laws (and as so amended and restated, the “By-Laws”), effective immediately. The By-Laws were revised to rescind Article XII and its accompanying control share provisions, along with other conforming amendments.

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Source: SEC EDGAR

accession 0001445546-23-004059

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