FCT shareholders approve reorganization into First Trust Flexible Income ETF; expected close Aug 10, 2026

FIRST TRUST SENIOR FLOATING RATE INCOME FUND II

Shareholders of First Trust Senior Floating Rate Income Fund II (FCT) approved reorganization into newly formed ETF FFLX.
Reorganization expected to close on August 10, 2026; will be tax-free with FCT shareholders receiving FFLX shares at NAV.
FCT will transition portfolio to increased cash holdings before close, which may cause returns to differ from its principal strategy.

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