Every 8-K that First Trust Senior Floating Rate Income Fund II (FCT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow FCT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FCT filings page.
First Trust Senior Floating Rate Income Fund II completed its previously approved reorganization into First Trust Flexible Income ETF (FFLX) before the NYSE opened on August 10, 2026. Shareholders of FCT received FFLX shares with a value equal to the aggregate net asset value of their FCT holdings.
In the transaction, FCT’s assets were transferred to FFLX and FFLX assumed FCT’s liabilities. FCT shareholders had approved the reorganization on June 25, 2026, following approval by the Boards of Trustees of both FCT and FFLX on December 7-8, 2025.
FFLX is an actively managed ETF seeking to maximize current income by investing in income-generating fixed income securities, including corporate debt, bank loans, mortgage-backed and asset-backed securities, collateralized loan obligations and preferred securities. FFLX expects to declare and pay a distribution in August 2026. First Trust Advisors L.P., with approximately $368 billion of assets under management or supervision as of June 30, 2026, serves as investment advisor.
First Trust Senior Floating Rate Income Fund II has received shareholder approval to reorganize with and into the newly formed First Trust Flexible Income ETF. The transaction is expected to close on August 10, 2026, subject to customary conditions, and is intended to be tax-free.
At completion, all assets and liabilities of FCT will move to FFLX, and FCT shareholders will receive FFLX shares equal in value to the aggregate net asset value of their FCT holdings. Ahead of the closing, FCT will hold higher levels of cash or cash equivalents, which may cause returns to differ from those expected under its normal investment strategy.
First Trust Advisors L.P. announced that its Leveraged Finance Investment Team, which manages First Trust Senior Floating Rate Income Fund II (FCT), will release an audio update for professionals and investors about the proposed reorganization of FCT into First Trust Flexible Income ETF (FFLX).
The replay will be available from 5:00 p.m. Eastern Time on May 18, 2026 through 5:00 p.m. Eastern Time on June 17, 2026. The fund is a diversified closed-end fund focused on senior secured floating-rate corporate loans and generally invests at least 80% of its managed assets in lower grade debt instruments.
First Trust Senior Floating Rate Income Fund II announced that its Board of Trustees has approved a proposed reorganization of the closed-end fund into a new exchange-traded fund called First Trust Flexible Income ETF. The new ETF will be actively managed and listed for trading on the NYSE, with First Trust Advisors L.P. continuing as investment manager.
This move would shift investors from a traditional closed-end fund structure to an ETF structure, which typically offers intraday trading and different pricing dynamics. Details of timing, mechanics, and any required approvals are referenced in an accompanying press release dated December 9, 2025.