First Trust Dynamic Europe Equity Income Fund rescinds control share by-law

FIRST TRUST DYNAMIC EUROPE EQUITY INCOME FUND

Board rescinded Control Share By-Law effective June 22, 2023, removing voting restrictions on large share acquisitions.
Previously, holders in a Control Share Acquisition needed non-interested shareholder approval to vote shares.
Rescission applies to 14 First Trust closed-end funds, including FDEU, FCT, FEN, FFA, FAM, FMY, FGB, FSD, FIF, FEI, FPF, FPL, FTHY, and MFD.
All prior and future purchases are no longer subject to the control share limitations.
Change intended to align with best interests of each fund.

Key facts

Extracted from this filing and checked against the source text.

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

FIRST TRUST DYNAMIC EUROPE EQUITY INCOME FUND: Rescinded Article XII control share provisions via amended and restated by-laws (effective 2023-06-22).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 Dynamic Europe Equity Income Fund 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 0001445546-23-004061

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