First Trust Senior Floating Rate Income Fund (FCT) removed from NYSE listing
Rhea-AI Filing Summary
First Trust Senior Floating Rate Income Fund is being removed from listing and registration on the New York Stock Exchange LLC for its Common Shares of Beneficial Interest. The action is made under Section 12(b) of the Securities Exchange Act of 1934 using Form 25.
The exchange certifies it has complied with its own rules and the requirements of 17 CFR 240.12d2-2(b), and the fund has complied with exchange rules and 17 CFR 240.12d2-2(c) governing voluntary withdrawal. The notification is signed on behalf of NYSE by an authorized analyst in Market Watch.
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Key Figures
Commission File Number: 001-32182
Issuer address ZIP code: 60187
Issuer telephone: 630-765-8000
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4 metrics
Commission File Number
001-32182
Exchange Act registration file number referenced in the Form 25
Issuer address ZIP code
60187
ZIP code for 120 E. Liberty Drive, Suite 400, Wheaton, Illinois
Issuer telephone
630-765-8000
Telephone number of the issuer’s principal executive offices
Form 25 expiry reference
March 31, 2018
Expiration date referenced in the header table of the notification
Key Terms
Form 25, Section 12(b), Common Shares of Beneficial Interest, 17 CFR 240.12d2-2(b), +1 more
5 terms
Form 25 regulatory
"FORM 25 NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION"
A Form 25 is an official filing with the U.S. Securities and Exchange Commission used to remove a company's stock or other security from a national exchange list. Investors should care because delisting often means less visibility, lower trading volume and wider price swings—similar to a product moving from a major supermarket to a small local market, which can make buying, selling and valuing the security more difficult.
Section 12(b) regulatory
"UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934"
Section 12(b) of the U.S. Securities Exchange Act requires securities listed on a national stock exchange to be registered with the U.S. Securities and Exchange Commission (SEC) and to follow regular public reporting and disclosure rules. For investors, a 12(b) listing generally means more routine financial updates, regulatory oversight and easier buying and selling—like a storefront that must display its inventory and prices, making it simpler to inspect and trade the product.
17 CFR 240.12d2-2(b) regulatory
"Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied"
voluntary withdrawal regulatory
"governing the voluntary withdrawal of the class of securities from listing"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the Form 25 filing mean for FIRST TRUST SENIOR FLOATING RATE INCOME FUND (FCT)?
The Form 25 filing means FCT’s Common Shares of Beneficial Interest are being removed from listing and registration on the New York Stock Exchange LLC under Section 12(b) of the Exchange Act, following compliance with applicable NYSE and SEC rules.
Which securities of FCT are affected by this NYSE delisting action?
The action affects FCT’s Common Shares of Beneficial Interest. These shares are being withdrawn from listing and registration on the New York Stock Exchange, in accordance with 17 CFR 240.12d2-2 provisions cited in the notification.
What regulatory rules govern FCT’s delisting from the NYSE?
The delisting is governed by Section 12(b) of the Securities Exchange Act and SEC rules 17 CFR 240.12d2-2(b) and 17 CFR 240.12d2-2(c), which cover exchange-initiated removal and issuer voluntary withdrawal of a class of securities from listing and registration.
Which exchange was FCT listed on before this Form 25 action?
FCT was listed on the New York Stock Exchange LLC. The Form 25 notification states that this exchange has complied with its rules to strike the class of securities from listing and that the issuer has met requirements for voluntary withdrawal.