FCT: CEF Arbitrage Opportunity Via The Conversion

Group 1 - The First Trust Senior Floating Rate Income Fund II (FCT) is a fixed-income closed-end fund that was last covered in 2024, with a previous downgrade to Hold due to market conditions [1] - Binary Tree Analytics (BTA) focuses on providing transparency and analytics in capital markets, particularly in closed-end funds (CEFs), exchange-traded funds (ETFs), and special situations, aiming for high annualized returns with low volatility [1] Group 2 - The article does not provide any specific investment recommendations or advice regarding the suitability of investments for particular investors [2][3]