First Trust closed-end funds rescind control share by-law, removing voting restrictions

FIRST TRUST ENERGY INCOME & GROWTH FUND

Board rescinded Control Share By-Law for 14 First Trust closed-end funds, including FEN, MFD, FCT, FFA, FAM, FMY.
Effective June 22, 2023; all prior and new share purchases no longer trigger voting limitations.
Rescission removes entrusting non-interested shareholders to approve voting rights of control share acquisitions.
Amended By-Laws filed as Exhibit 3.1 with SEC; press release dated June 23, 2023.

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FIRST TRUST ENERGY INCOME & GROWTH FUND: Rescinded Article XII control share provisions and made conforming amendments to the By-Laws (effective 2023-06-22).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 Energy Income and Growth 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 0001445546-23-004065

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