---
schema_version: "secwatch.filing_event.v1"
accession: "0001445546-23-004059"
form_type: "8-K"
ticker: "FCT"
cik: "0001282850"
company_name: "FIRST TRUST SENIOR FLOATING RATE INCOME FUND II"
filed_at: "2023-06-23T23:59:59+00:00"
generated_at: "2026-06-13T17:42:19.627217+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Board rescinded control share provisions in by-laws of 14 First Trust closed-end funds effective June 22, 2023.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.

## SEC filing metadata
- accession: 0001445546-23-004059
- form_type: 8-K
- ticker: FCT
- cik: 0001282850
- company_name: FIRST TRUST SENIOR FLOATING RATE INCOME FUND II
- filed_at: 2023-06-23T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1282850/000144554623004059/0001445546-23-004059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1282850/000144554623004059/fct_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001445546-23-004059
- JSON: https://secwatch.observer/filing/0001445546-23-004059.json
- Plain text: https://secwatch.observer/filing/0001445546-23-004059.txt

## Key facts
- Governance Changes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1282850/000144554623004059/0001445546-23-004059-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.