---
schema_version: "secwatch.filing_event.v1"
accession: "0001445546-25-008129"
form_type: "8-K"
ticker: "FCT"
cik: "0001282850"
company_name: "FIRST TRUST SENIOR FLOATING RATE INCOME FUND II"
filed_at: "2025-12-09T23:59:59+00:00"
generated_at: "2026-05-16T13:45:45.219253+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# FCT board approves reorganization into First Trust Flexible Income ETF

## Summary
- Board of FCT approved tax-free reorganization into newly created actively managed ETF.
- Shareholders will receive ETF shares equal to their FCT NAV; consummation expected in 2026.
- Reorganization subject to shareholder approval, regulatory requirements, and closing conditions.
- FTA manages both funds and reported ~$304 billion AUM as of October 31, 2025.
- Detailed proxy statement/prospectus to be filed with SEC in coming weeks.

## SEC filing metadata
- accession: 0001445546-25-008129
- form_type: 8-K
- ticker: FCT
- cik: 0001282850
- company_name: FIRST TRUST SENIOR FLOATING RATE INCOME FUND II
- filed_at: 2025-12-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1282850/000144554625008129/0001445546-25-008129-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1282850/000144554625008129/fct_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001445546-25-008129
- JSON: https://secwatch.observer/filing/0001445546-25-008129.json
- Plain text: https://secwatch.observer/filing/0001445546-25-008129.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.