First Trust New Opportunities MLP & Energy Fund rescinds control share by-law alongside 13 other funds

FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND

Board rescinded control share by-law provisions from by-laws of 14 First Trust closed-end funds, effective June 22, 2023.
Control share by-law previously limited voting rights of shareholders acquiring beneficial ownership above a threshold.
Rescission removes voting restrictions for all past and future share acquisitions; all shares now have full voting rights.
Funds affected include FPL, MFD, FCT, FEN, FFA, FAM, FMY, FGB, FSD, FIF, FEI, FPF, FDEU, and FTHY.
Amended and restated by-laws filed as Exhibit 3.1 to each fund's Form 8-K.

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 NEW OPPORTUNITIES MLP & ENERGY FUND: Amended and restated By-Laws to rescind Article XII (control share provisions) and make 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 New Opportunities MLP & Energy 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 0001445546-23-004077

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