First Trust Senior Floating Rate Income Fund II Approves Conversion to ETF
ByAinvest
Tuesday, Dec 9, 2025 4:12 pm ET1min read
FCT--
First Trust Senior Floating Rate Income Fund II will convert into an ETF, with the reorganization expected to be tax-free. The fund will be transferred to and liabilities assumed by the new ETF, with shareholders receiving shares with a value equal to the aggregate net asset value of their FCT shares. The conversion is subject to shareholder approval and satisfaction of regulatory requirements.
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