FSD News

First Trust High Income Long/Short Fund (the "Fund") announced today that, based on voting results, shareholders of the Fund voted at the annual meeting of shareholders to elect Robert F. Keith as Class I Trustee to serve as a member of the Board of Trustees of the Fund for a three-year term. Additionally, shareholders of the Fund voted against a shareholder’s proposal to terminate all investment advisory and management agreements pertaining to the Fund. Below are the voting results on the two proposals at the meeting.

First Trust Advisors L.P. ("FTA") is pleased to announce that the Board of Trustees of each of First Trust High Income Long/Short Fund (NYSE: FSD), First Trust/Aberdeen Emerging Opportunity Fund (NYSE: FEO), and First Trust/Aberdeen Global Opportunity Income Fund (NYSE: FAM) has authorized the continuation of each Fund’s Share Repurchase Program. Pursuant to each Fund’s Share Repurchase Program, each Fund may, from time to time and at the direction of management personnel, repurchase up to the amount of shares in each Fund’s Share Repurchase Program described below in secondary market transactions in accordance with applicable law. Each Fund’s Share Repurchase Program will continue until the earlier of (i) the repurchase of the amount of shares remaining in each Fund’s Share Repurchase Program (4.35% of outstanding FSD shares, 4.91% of outstanding FEO shares and 4.18% of outstanding FAM shares) or (ii) March 15, 2021.

Investment manager Donald Netter, who has battled First Trust High Income Long/Short Fund (FSD) for years, is urging shareholders to fire the investment adviser at this year's annual meeting, saying its returns are too low and fees too high. Netter, whose Dolphin Limited Partnership I LP owns shares of FSD, filed a shareholder proposal with regulators on Thursday and is now soliciting votes before the March 9 annual meeting. Five months ago Netter stepped up his battle with FSD by asking the closed-end fund to restructure or give investors their money back after it had traded at a discount for years.

First Trust High Income Long/Short Fund (the "Fund") (NYSE: FSD) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.11 per share payable on April 15, 2020, to shareholders of record as of April 2, 2020. The ex-dividend date is expected to be April 1, 2020. The monthly distribution information for the Fund appears below.

GREENWICH, Conn. , Sept. 24, 2019 /PRNewswire/ -- Thirteen days from Dolphin Limited Partnership I, L.P.'s ("Dolphin") original letter of September 3, 2019 , FSD sent a letter dated September ...

Dolphin Limited Partnership I, L.P. and other entities, long-term shareholders of First Trust High Income Long/Short Fund (NYSE: FSD), which hold over 450,000 shares of FSD or approximately $6.7 million, announced today that they sent a letter to the Board of Trustees of FSD to reiterate recommendations they had made to FSD nearly a year ago. Starting in September 2018, Dolphin had approximately five months of continuous communications with FSD regarding proposals to close the then approximately 13% discount of FSD’s market price to its net asset value (which discount has persisted), including communications regarding a proposal intended to benefit all shareholders and to be voted on at FSD’s April 8, 2019 Shareholder’s Meeting (the “Original Proposal”).

First Trust High Income Long/Short Fund (the "Fund") (NYSE: FSD) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.11 per share payable on June 15, 2020, to shareholders of record as of June 2, 2020. The ex-dividend date is expected to be June 1, 2020. The monthly distribution information for the Fund appears below.

First Trust High Income Long/Short Fund (the "Fund") (NYSE: FSD) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.11 per share payable on May 15, 2020, to shareholders of record as of May 4, 2020. The ex-dividend date is expected to be May 1, 2020. The monthly distribution information for the Fund appears below.

Dolphin Limited Partnership I, L.P., a near 3-year shareholder of First Trust High Income Long/Short Fund (NYSE: FSD), announced today that it is having the attached letter mailed to all FSD shareholders in advance of the March 9, 2020 annual meeting. The record date of the meeting is January 6, 2020. FSD's proxy statement (January 13, 2020) on page 21 contains Dolphin's binding Proposal 2 to terminate all investment advisory and management agreements pertaining to the Fund as soon as legally permitted pursuant to such agreements and Section 15(a)(3) of the Investment Company Act of 1940. Dolphin urges all shareholders to vote FOR Proposal 2. IF YOU HAVE NOT VOTED, OR WANT TO CHANGE YOUR VOTE FOR PROPOSAL 2, YOU MAY DO SO.