other material
confidence high
sentiment neutral
materiality 0.60
First Trust High Income Long/Short Fund rescinds control share by-law; voting limits on large acquisitions removed
FIRST TRUST HIGH INCOME LONG/SHORT FUND
- Board rescinded control share by-law provisions effective June 22, 2023.
- All prior and future share acquisitions will no longer be subject to voting limitations.
- Conforming amendments to Amended and Restated By-Laws adopted by the Fund.
- Change applies to 14 First Trust closed-end funds, including FSD.
- Non-interested shareholders previously determined voting rights of control share acquirers.