First Trust MLP and Energy Income Fund rescinds control share by-law; voting rights restored for all share acquisitions

FIRST TRUST MLP & ENERGY INCOME FUND

Board rescinded control share by-law effective June 22, 2023, removing voting restrictions on control share acquisitions.
The change applies to prior and future share acquisitions; no longer requires non-interested shareholder approval for voting rights.
Amended by-laws adopted for 15 First Trust closed-end funds, including FEI, FEN, FFA, FCT, MFD, and others.
Decision made after thorough review and deemed consistent with the best interests of each fund.
Control share by-law previously limited voting rights of holders who obtained beneficial ownership above a threshold.

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 MLP & ENERGY INCOME FUND: Amended and restated bylaws to rescind Article XII and its control share provisions, with conforming amendments (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 MLP and Energy 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 0001445546-23-004063

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