{"schema_version":"secwatch.filing_event.v1","accession":"0001445546-23-004069","form_type":"8-K","ticker":null,"cik":"0001392994","company_name":"FIRST TRUST SPECIALTY FINANCE & FINANCIAL OPPORTUNITIES FUND","filed_at":"2023-06-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.678931+00:00","generated_at":"2026-06-13T17:48:33.241319+00:00","sec_items":["5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"Board rescinds control-share by-laws for 14 First Trust closed-end funds","bullets":["Rescinds Article XII control-share provisions effective June 22, 2023; removes voting restrictions on large share acquisitions.","Affects 14 funds including FGB (First Trust Specialty Finance and Financial Opportunities Fund) and others listed in the press release.","Amended and restated by-laws filed; prior control share acquisitions no longer subject to voting limitations.","No financial impact; governance change only."],"urls":{"canonical":"https://secwatch.observer/filing/0001445546-23-004069","json":"https://secwatch.observer/filing/0001445546-23-004069.json","markdown":"https://secwatch.observer/filing/0001445546-23-004069.md","text":"https://secwatch.observer/filing/0001445546-23-004069.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1392994/000144554623004069/0001445546-23-004069-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1392994/000144554623004069/fgb_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T17:48:33.241319+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ae697e0601972430c1b022d23879085a85c85e29","claim":"FIRST TRUST SPECIALTY FINANCE & FINANCIAL OPPORTUNITIES FUND: Rescinded Article XII control share provisions and made other conforming amendments to the Amended and Restated By-Laws (effective 2023-06-22).","evidence_excerpt":"On June 22, 2023, the Board of Trustees of First Trust Specialty Finance and Financial Opportunities 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.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1392994/000144554623004069/0001445546-23-004069-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"},{"label":"Effective","value":"2023-06-22"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}