FIRST TRUST HY OPPORTUNITIES 2027 TERM SEC Filings

FTHY NYSE

Welcome to our dedicated page for FIRST TRUST HY OPPORTUNITIES 2027 TERM SEC filings (Ticker: FTHY), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.

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Whether you’re gauging high-yield risk, monitoring distribution sustainability, or simply looking for “understanding FTHY SEC documents with AI,” this page delivers every filing plus the context professionals rely on—without the jargon.

07/28/2025 02:06 PM

Filing

[DEF 14A] First Trust High Yield Opportunities 2027 Term Fund Definitive Proxy Statement

Rhea-AI Summary

The DEF 14A covers two First Trust closed-end funds—First Trust Senior Floating Rate Income Fund II (FCT) and First Trust High Yield Opportunities 2027 Term Fund (FTHY). A joint annual meeting will be held on 4 Sep 2025 @ 12:00 p.m. CT (record date 11 Jul 2025). Shareholders are asked to elect three Class III trustees—James A. Bowen (Interested), Robert F. Keith, Bronwyn Wright—and one new Class II trustee, Thomas J. Driscoll, a recently retired Deloitte partner. Election is by plurality of votes cast, with a 33⅓ % quorum.

If elected, the board will expand from seven to eight members (1 interested / 7 independent) and maintain its staggered structure (three-year terms). Robert F. Keith continues as Lead Independent Trustee; committee chairs rotate 1 Jan 2026. All standing committees (Audit, Valuation, Nominating & Governance, Dividend, Executive) reported regular activity; F2024 board meetings totaled six per fund.

Ownership data show no control person in FCT; FTHY has a 31.1 % position held by Morgan Stanley Smith Barney, which could influence outcomes. Trustee/insider holdings remain de-minimis except CEO Bowen’s 139,500 FTHY shares. Deloitte & Touche stays auditor; FY 2024 audit fees were $59k (FCT) and $49k (FTHY); tax-related fees were modest. Independent trustee compensation rose to $285k retainer plus per-fund fees.

No changes to investment strategy, distribution policy, or fee structure are proposed; financial results are not discussed. Investors’ primary decision is whether the current governance slate remains suitable.

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FAQ

What is the current stock price of FIRST TRUST HY OPPORTUNITIES 2027 TERM (FTHY)?

The current stock price of FIRST TRUST HY OPPORTUNITIES 2027 TERM (FTHY) is $14.51 as of August 1, 2025.

What is the market cap of FIRST TRUST HY OPPORTUNITIES 2027 TERM (FTHY)?

The market cap of FIRST TRUST HY OPPORTUNITIES 2027 TERM (FTHY) is approximately 543.9M.

What is the primary objective of FTHY?

The primary objective is to generate current income by investing in high yield instruments within a diversified, closed-end structure.

How does FTHY generate revenue?

FTHY generates revenue by deploying capital in income-producing assets that offer high yield potential, supported by disciplined portfolio management.

What distinguishes a closed-end fund like FTHY from open-ended funds?

Unlike open-ended funds, a closed-end fund issues a fixed number of shares, allowing it to implement specialized strategies without the pressure of constant redemptions.

What type of investments does the fund primarily hold?

The fund primarily invests in high yield fixed income instruments and other credit market opportunities that are designed to provide a consistent income stream.

How is risk managed within FTHY?

Risk management is achieved by maintaining a diversified portfolio, employing disciplined rebalancing, and adhering to key investment principles that mitigate credit risks.

How does FTHY differ from other income-focused funds?

FTHY differentiates itself through its closed-end structure, disciplined investment approach, and a long-standing heritage of thoughtful portfolio management.

What role does First Trust play in managing the fund?

First Trust provides the strategic framework and disciplined investment process that underpins the fund's management, ensuring adherence to core principles and risk control.

How can investors benefit from understanding FTHY's investment strategy?

Investors gain insights into how a disciplined, diversified approach can deliver steady current income, helping them assess the fund's potential within a broader investment portfolio.