Form 8-K - Current report
July 23 2024 - 5:24PM
Edgar (US Regulatory)
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported): July 23, 2024
First Trust High Income Long/Short Fund
(Exact name of registrant as specified in its charter)
Massachusetts |
811-22442 |
27-3072807 |
(State or other jurisdiction |
(Commission File Number) |
(IRS Employer |
of incorporation) |
|
Identification No.) |
120 East Liberty Drive, Suite 400
Wheaton, Illinois
(Address of principal executive offices) |
60187
(zip code) |
Registrant’s telephone number, including area
code: (630) 765-8000
_____________________________________________________
(Former Name or Former Address, if Changed Since Last
Report.)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
☐ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
☐ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of class |
Trading Symbol |
Name of Exchange on which registered |
Common stock, $0.01 par value per share |
FSD |
New York Stock Exchange |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 7.01 | Regulation FD Disclosure. |
First Trust High Income Long/Short
Fund (“FSD”) is filing herewith a press release issued on July 22, 2024, as Exhibit 99.1. abrdn Income Credit Strategies
Fund (NYSE: ACP) (“ACP”) and FSD announced the completed reorganization of FSD with and into ACP after
close of regular business on July 19, 2024.
| Item 9.01 | Financial
Statements and Exhibits. |
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: July 23, 2024 |
|
FIRST TRUST HIGH INCOME LONG/SHORT FUND |
|
|
|
|
By: |
/s/ W. Scott Jardine |
|
Name |
W. Scott Jardine |
|
Title: |
Secretary |
EXHIBIT INDEX
![](https://www.sec.gov/Archives/edgar/data/1494530/000144554624005137/primage.jpg)
FOR IMMEDIATE RELEASE
For More Information Contact:
abrdn
U.S. Closed-End Funds Investor
Relations
1-800-522-5465
Investor.Relations@abrdn.com
First Trust Advisors L.P.
1-800-988-5891
info@ftportfolios.com
ABRDN INCOME CREDIT STRATEGIES FUND (ACP) AND
FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) ANNOUNCE CLOSING OF REORGANIZATION
(Philadelphia, PA and Wheaton, IL, July 22, 2024) – abrdn
Income Credit Strategies Fund (NYSE: ACP) (“ACP” or the “Acquiring Fund”) and First
Trust High Income Long/Short Fund (NSYE: FSD) (“FSD” or the “Acquired Fund”) announce today the completed
reorganization of the Acquired Fund with the Acquiring Fund after close of regular business on July 19, 2024.
In the reorganization, common shareholders
of FSD received an amount of ACP common shares with a net asset value equal to the aggregate net asset value of their holdings of FSD
common shares, as determined at the close of regular business on July 19, 2024.
Relevant details pertaining to the reorganization
are as follows:
Acquiring Fund |
Website for additional information |
Acquired Fund |
Acquiring
Fund NAV per Share ($)
7/19/24 |
Conversion Ratio |
ACP |
abrdnacp.com |
FSD |
6.6326 |
1.893482 |
There are no proposed changes to the current investment objective,
strategies, structure, or policies of the Acquiring Fund as a result of the reorganization.
abrdn welcomes the FSD shareholders to the abrdn Fund family.
As a leading global asset manager, abrdn is dedicated to creating long-term value for our clients. As of March 31, 2024, abrdn manages
over $472.8 billion in assets on behalf of institutional and retail clients worldwide and believes that our global footprint ensures that
we are always close to our clients and the challenges they face. For more information on the abrdn range of open-end and closed-end mutual
funds please visit abrdn.com/us.
Important Information
In the United States, abrdn is the marketing name for the following
affiliated, registered investment advisers: abrdn Inc., abrdn Investments Limited., abrdn Asia Limited, and abrdn ETFs Advisors LLC.
First Trust Advisors LP. (“FTA”) is a federally registered
investment advisor and serves as the investment advisor of the Fund. FTA and its affiliate First Trust Portfolios L.P. (“FTP”),
a FINRA registered broker-dealer, are privately-held companies that provide a variety of
investment services. FTA has collective assets under management or supervision of approximately $228 billion as of June 30, 2024, through
unit investment trusts, exchange-traded funds, closed-end funds, mutual funds, and separate managed accounts.
FTA is the supervisor of the First Trust
unit investment trusts, while FTP is the sponsor. FTP is also a distributor of mutual fund shares and exchange-traded fund creation units.
FTA and FTP are based in Wheaton, Illinois.
The information in this press release is for informational purposes
only and shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities
or the solicitation of any vote or approval in any jurisdiction pursuant to or in connection with the proposed transaction or otherwise,
nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities
shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Closed-end funds are traded on the secondary market through one
of the stock exchanges. The Acquiring Fund’s investment return and principal value will fluctuate so that an investor’s shares
may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net
asset value (NAV) of the fund’s portfolio. There is no assurance that the Acquiring Fund will achieve its investment objective.
Past performance does not guarantee future results.
abrdnacp.com
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