M&A
confidence high
sentiment neutral
materiality 0.60
First Trust Senior Floating Rate Income Fund II completes reorganization into First Trust Flexible Income ETF
FIRST TRUST SENIOR FLOATING RATE INCOME FUND II
- Reorganization completed Aug 10, 2026; FCT shareholders received FFLX shares equal to NAV of FCT holdings.
- Shareholders approved at June 25, 2026 special meeting; boards approved Dec 7-8, 2025.
- FFLX is actively managed ETF seeking current income from fixed income securities, bank loans, CLOs, etc.
- FFLX expects to declare and pay a distribution in August 2026.
- FTA manages ~$368B in assets as of June 30, 2026.