FIRST TRUST SENIOR FLOATING RATE INCOME FUND II 8-K

What Happened First Trust Senior Floating Rate Income Fund II (NYSE: FCT) announced that its shareholders approved a plan to reorganize FCT into First Trust Flexible Income ETF, a newly formed series of First Trust Exchange-Traded Fund VIII (FFLX). The approval was reported following a special meeting of shareholders on June 25, 2026. The reorganization is expected to close on August 10, 2026, or as soon as practicable thereafter, subject to customary closing conditions, and is expected to be tax-free.

Key Details

• Shareholder vote occurred on June 25, 2026 and was reported in the Form 8-K (Regulation FD disclosure).
• Expected closing date: August 10, 2026 (subject to customary closing conditions).
• The reorganization is expected to be tax-free; upon closing, FCT’s assets will be transferred to, and liabilities assumed by, FFLX.
• FCT shareholders will receive shares of FFLX with a value equal to the aggregate net asset value (NAV) of their FCT shares.

Why It Matters This is a structural change from a closed-end fund (FCT) to an exchange-traded fund (FFLX). For shareholders, the transaction will convert their FCT holdings into ETF shares valued at FCT’s NAV and could affect liquidity and how the investment is bought and sold going forward. The filing confirms the timeline and that the exchange is expected to be tax-free, but the closing remains subject to customary conditions. Shareholders should watch for final closing notice and any additional disclosures about operational or tax details.