First Trust High Income Long/Short Fund Announces Results of Annual Shareholder Meeting: Fund Defeats Shareholder Proposal

By: First Trust High Income Long/Short Fund via Business Wire

April 08, 2021 at 16:34 PM EDT

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 re-elect Richard E. Erickson and Thomas R. Kadlec as Trustees of the Fund. 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.

The Fund’s shareholders voted at the meeting to elect each of Dr. Erickson and Mr. Kadlec as a Class II Trustee to serve as a member of the Board of Trustees of the Fund for a three-year term. James A. Bowen, Niel B. Nielson and Robert F. Keith are current and continuing Trustees of the Fund.

In addition, shareholders of the Fund voted against a shareholder’s proposal to terminate all investment advisory and management agreements pertaining to the Fund. According to the vote tally, of the votes actually cast on the shareholder’s proposal (i.e. exclusive of broker non-votes and abstentions), a substantial majority of the shares voted at the meeting on the proposal voted against the shareholder’s proposal.

The Fund is a diversified, closed-end management investment company. The Fund’s primary investment objective is to provide current income. The Fund’s secondary objective is capital appreciation. The Fund seeks to achieve its investment objectives by investing, under normal market conditions, a majority of its assets in a diversified portfolio of U.S. and foreign (including emerging markets) high-yield corporate fixed-income securities of varying maturities that are rated below-investment grade at the time of purchase.