High Income Securities Fund joins suit to enforce FDEU trustee vote results
High Income Securities Fund (PCF), Bulldog Investors LLP and Special Opportunities Fund, Inc. (SPE) announced on May 11, 2023 that they filed an action in the U.S. District Court for the District of Massachusetts. The suit concerns the April 3, 2023 annual meeting of First Trust Dynamic Europe Equity Income Fund (FDEU) and seeks to enforce votes for SPE's nominees to its Board of Trustees. The filing does not state any direct financial effect on PCF shareholders.
- Action filed in the U.S. District Court for the District of Massachusetts; announced May 11, 2023
- Seeks a declaration that SPE's nominees received a majority of votes that would have been cast had the FDEU board counted them
- Also seeks a declaration that FDEU's control share bylaw violates the Investment Company Act of 1940 and is invalid
- Morris Kandinov LLP is serving as counsel to Bulldog, SPE and PCF