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

FIRST TRUST MORTGAGE INCOME FUND

Board rescinded control share provisions in by-laws of 14 First Trust closed-end funds, effective June 22, 2023.
Control Share By-Law previously limited voting rights for holders acquiring >20% of shares without non-interested shareholder approval.
Rescission eliminates all prior and future voting restrictions on Control Share Acquisitions for these funds.
Funds include FMY, FCT, FEN, FFA, FAM, FGB, FSD, FIF, FEI, FPF, FPL, FDEU, FTHY, MFD.

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 MORTGAGE INCOME FUND: Board amended and restated By-Laws to rescind Article XII (control share provisions) and make conforming amendments, effective immediately on June 22, 2023 (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 Mortgage 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 0001445546-23-004073

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