Investment Fund Bows Out After ETF Asset Shuffle and Payout
Published Date: 9/1/2026
Notice
Summary
Applicant, a closed-end investment company, seeks an order declaring that it has ceased to be an investment company. The applicant has transferred its assets to First Trust Active Global Quality Income ETF, a series of First Trust Exchange-Traded Fund VIII, and on November 11, 2023 made a final distribution to its shareholders based on net asset value. Expenses of $509,897.68 incurred in connection with the reorganization were paid by the applicant. Filing Date: The application was filed on July 29, 2026. Applicant's Address: 120 East Liberty Drive, Suite 400, Wheaton, Illinois 60187.
Analyzed Economic Effects
7 provisions identified: 7 benefits, 0 costs, 0 mixed.
Final NAV Payout — First Trust Dynamic Europe
If you owned shares of First Trust Dynamic Europe Equity Income Fund, you received a final distribution based on net asset value on November 11, 2023. The fund transferred its assets to First Trust Active Global Quality Income ETF and paid $509,897.68 in reorganization expenses; the deregistration application was filed on July 29, 2026.
Final NAV Payout — First Trust High Income
If you owned shares of First Trust High Income Long/Short Fund, you received a final distribution based on net asset value on July 22, 2024 after the fund transferred its assets to abrdn Income Credit Strategies Fund. The reorganization incurred $1,726,137.89 in expenses; the deregistration application was filed on July 29, 2026.
Final NAV Payout — First Trust/abrdn Global Opportunity
If you owned shares of First Trust/abrdn Global Opportunity Income Fund, you received a final distribution based on net asset value on September 23, 2024 after the fund transferred its assets to abrdn Income Credit Strategies Fund. Expenses of $581,851.21 for the reorganization were paid by the applicant's investment adviser and by abrdn Investments Limited; the deregistration application was filed on July 29, 2026.
Final NAV Payout — Macquarie/First Trust Fund
If you owned shares of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund, you received a final distribution based on net asset value on September 23, 2024 after assets were transferred to abrdn Global Infrastructure Income Fund. The reorganization expenses totaled $622,100.43 and were paid by the investment advisers; the deregistration application was filed on July 29, 2026.
Liquidating Distributions — Pioneer Floating Rate
If you owned shares of Pioneer Floating Rate Fund, Inc., the fund made liquidating distributions based on net asset value on October 10, 2025 and April 23, 2026. The fund paid $34,095.50 in liquidation expenses; the deregistration application was filed on July 30, 2026.
Liquidating Distributions — Pioneer Municipal Fund
If you owned shares of Pioneer Municipal High Income Opportunities Fund, Inc., the fund made liquidating distributions based on net asset value on August 22, 2025 and April 23, 2026. The fund paid $31,876.08 in liquidation expenses; the deregistration application was filed on July 30, 2026.
Final NAV Payout — WST Investment Trust
If you owned shares of WST Investment Trust, you received a final distribution based on net asset value on September 30, 2024 after the trust transferred its assets to NEOS Enhanced Income Credit Select ETF. The reorganization expenses were $404,759 and were paid by the trust's and the acquiring fund's investment advisers; the deregistration application was filed on August 3, 2026.
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