FIRST TRUST SENIOR FLOATING RATE INCOME FUND II 8-K

What Happened

• First Trust Advisors L.P. (FTA) announced on May 14, 2026 that its Leveraged Finance Investment Team, the portfolio manager for First Trust Senior Floating Rate Income Fund II (NYSE: FCT), will release an update on the Fund’s proposed reorganization into First Trust Flexible Income ETF (“FFLX”), a newly formed exchange-traded fund and series of First Trust Exchange-Traded Fund VIII. The announcement was filed via Form 8-K and includes a press release dated May 14, 2026.

Key Details

• Filing date: May 14, 2026 (Form 8-K, Accession 0001445546-26-003631).
• Fund: First Trust Senior Floating Rate Income Fund II (NYSE: FCT).
• Proposed transaction: Reorganization of the Fund into First Trust Flexible Income ETF (“FFLX”), a newly formed ETF series.
• Disclosure: FTA’s Leveraged Finance Investment Team will provide an update for financial professionals and investors; press release included as Exhibit 99.1.

Why It Matters

• The filing signals a material corporate action (a proposed reorganization from a closed-end fund into an ETF) that could affect the Fund’s structure, trading characteristics and investor considerations. Investors in FCT should watch for the forthcoming update for details on timing, terms, shareholder approvals and any operational or tax implications.