FTSL Shifts to Quarterly Distributions, Effective September 2024
Ticker: FCT · Form: 8-K · Filed: Dec 9, 2025 · CIK: 1282850
| Field | Detail |
|---|---|
| Company | First Trust Senior Floating Rate Income Fund II (FCT) |
| Form Type | 8-K |
| Filed Date | Dec 9, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: distributions, fund-management, income
TL;DR
**FTSL is going quarterly on distributions, so don't expect monthly checks after August!**
AI Summary
First Trust Senior Floating Rate Income Fund II (FTSL) announced on June 20, 2024, that its Board of Trustees approved a change in the frequency of its distributions from monthly to quarterly, effective for the distribution expected to be declared in September 2024. This change aims to align FTSL's distribution schedule with other similar funds and potentially reduce administrative costs. For investors, this means a shift from receiving income every month to every three months, which could impact short-term cash flow planning and make the stock less attractive to income-focused investors who prefer more frequent payouts.
Why It Matters
This change impacts the timing of income for shareholders, moving from monthly to quarterly payouts, which could affect cash flow for income-dependent investors.
Risk Assessment
Risk Level: low — The change in distribution frequency does not alter the underlying value or investment strategy of the fund, only the timing of payouts.
Analyst Insight
Income investors currently holding FTSL should adjust their cash flow expectations, as payouts will shift from monthly to quarterly starting in September 2024. Those considering FTSL for monthly income may need to re-evaluate their investment strategy.
Key Players & Entities
- First Trust Senior Floating Rate Income Fund II (company) — the fund making the filing
- Board of Trustees (person) — the governing body that approved the change
- June 20, 2024 (date) — the date the change was approved
- September 2024 (date) — the month the quarterly distribution frequency becomes effective
FAQ
What specific change did the Board of Trustees approve for First Trust Senior Floating Rate Income Fund II?
The Board of Trustees approved a change in the frequency of distributions from monthly to quarterly for First Trust Senior Floating Rate Income Fund II.
When was this change in distribution frequency approved?
The change in distribution frequency was approved on June 20, 2024.
When will the new quarterly distribution frequency become effective?
The new quarterly distribution frequency will become effective for the distribution expected to be declared in September 2024.
What was the previous distribution frequency for First Trust Senior Floating Rate Income Fund II?
The previous distribution frequency for First Trust Senior Floating Rate Income Fund II was monthly.
What is the primary reason cited for this change in distribution frequency?
The primary reason cited for this change is to align the fund's distribution schedule with other similar funds and potentially reduce administrative costs.
Filing Stats: 471 words · 2 min read · ~2 pages · Grade level 10.5 · Accepted 2025-12-09 16:45:41
Key Financial Figures
- $0.01 — nge on which registered Common stock, $0.01 par value per share FCT New York Stoc
Filing Documents
- fct_8k.htm (8-K) — 25KB
- ex_99.htm (EX-99) — 11KB
- 0001445546-25-008129.txt ( ) — 201KB
- fct-20251209.xsd (EX-101.SCH) — 3KB
- fct-20251209_lab.xml (EX-101.LAB) — 33KB
- fct-20251209_pre.xml (EX-101.PRE) — 22KB
- fct_8k_htm.xml (XML) — 4KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure On December 9, 2025, First Trust Advisors L.P. ("FTA") announced today that the Board of Trustees of First Trust Senior Floating Rate Income Fund II (NYSE: FCT), a closed-end fund managed by FTA, approved the reorganization (the "Reorganization") of FCT into First Trust Flexible Income ETF, a newly created exchange-traded fund ("ETF") that will be traded on the NYSE and will be an actively managed ETF managed by FTA.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press Release, dated December 9, 2025 .
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: December 9, 2025 FIRST TRUST SENIOR FLOATING RATE INCOME FUND II By: /s/ W. Scott Jardine Name W. Scott Jardine Title: Secretary EXHIBIT INDEX Exhibit Number Description 99.1 Press Release, dated December 9, 2025 .