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First Trust Senior Floating Rate Income Fund II is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. The fund invests in the fixed income markets of the United States. It seeks to invest in a portfolio of senior secured floating rate corporate loans. The fund benchmarks the performance of its portfolio against the S&P/LSTA Leveraged Loan Index. It was formerly known as First Trust/Four Corners Senior Floating Rate Income Fund II. First Trust Senior Floating Rate Income Fund II was formed on May 25, 2004 and is domiciled in the United States.

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today the results of the special meeting of shareholders of First Trust Senior Floating Rate Income Fund II (NYSE: FCT) (the “Fund”) held on June 25, 2026. Shareholders of FCT, a diversified, closed-end management investment company organized as a Massachusetts business trust, have approved the reorganization of FCT with and into First Trust Flexible Income ETF, a newly formed series of First Trust Exchange-Traded Fund.

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has decreased its regularly scheduled monthly common share distribution to $0.0813 per share from $0.097 per share. The distribution will be payable on July 15, 2026, to shareholders of record as of July 1, 2026. The ex-dividend date is expected to be July 1, 2026. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT): Distribu.

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that the special meeting of shareholders of First Trust Senior Floating Rate Income Fund II (NYSE: FCT) (the “Fund”) held on June 9, 2026 has been adjourned in order to permit additional solicitation of shareholders and to allow shareholders additional time to vote on the reorganization of the Fund with and into First Trust Flexible Income ETF (the “Reorganization”), a newly formed series of First Trust Exchange-T.

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on June 15, 2026, to shareholders of record as of June 1, 2026. The ex-dividend date is expected to be June 1, 2026. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT): Distribution per share: $0.097 Dist.

First Trust Senior Floating Rate Income Fund II (FCT) is downgraded to 'Hold' as its discount to NAV has narrowed to -1%. FCT's upcoming conversion to an ETF (FFLX), pending a June 2026 shareholder vote, will eliminate leverage and discount volatility. Post-conversion, FFLX will offer less risk and volatility but will no longer provide leveraged exposure to floating rate loans.