On April 05, 2023, Bulldog Investors, LLP announced that the unofficial results of the annual meeting of First Trust Dynamic Europe Equity Income Fund scheduled for April 3, 2023. Bulldog Investors stated that it did not attend the meeting, which was held to elect two trustees, or present its proxies after the Company publicly stated that no votes other than those cast for the incumbents would be counted. In addition, Bulldog Investors believes that a quorum was not reached at the meeting and the Company illegally prevented stockholders from voting approximately 1.7 million control shares that otherwise would have voted for Bulldog?s nominees.

Despite the Board?s plea to shareholders to elect its nominees, Bulldog estimates that if its proxies been voted as directed, its nominees would have been elected by a margin of 54% to 46%. Bulldog added that it intends to ask a court to determine that the Board?s manipulation of the corporate voting machinery by (1) unreasonably disqualifying Bulldog?s nominees, and (2) enforcing its control share bylaw, illegally infringed upon the stockholder franchise and that Bulldog?s nominees should be seated.