The First Trust High Income Long/Short Fund announced the results of its annual shareholder meeting, where Richard E. Erickson and Thomas R. Kadlec were re-elected as Class II Trustees for a three-year term. Shareholders also voted against a proposal to terminate the Fund's investment advisory and management agreements. The Fund primarily aims to provide current income and capital appreciation by investing in a diversified portfolio of high-yield corporate fixed-income securities rated below investment grade.
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First Trust Advisors L.P. has announced the continuation of the Share Repurchase Program for three funds: First Trust New Opportunities MLP & Energy Fund (FPL), First Trust Energy Infrastructure Fund (FIF), and First Trust High Income Long/Short Fund (FSD). The program allows for the repurchase of up to 5% of each Fund's outstanding shares, totaling 1,247,121 for FPL, 848,383 for FIF, and 1,673,507 for FSD, until March 15, 2022. Share buybacks aim to enhance shareholder value, although there is no guarantee on the purchase levels.
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