Board of Trustees of First Trust/Four Corners Senior Floating Rate Income Fund approves & adopts Plan of Termination, Liquida...
22 Juli 2010 - 3:01PM
Business Wire
First Trust/Four Corners Senior Floating Rate Income Fund (NYSE
Amex: FCM), a diversified closed-end management investment company
(“FCM” or the “Fund”), today announced that the Board of Trustees
of the Fund (the “Board”) approved and adopted a Plan of
Termination, Liquidation and Dissolution (the “Plan”) which will
result in the termination of FCM in accordance with the laws of the
Commonwealth of Massachusetts and the Fund’s Declaration of Trust,
as amended. As a result of adopting the Plan, FCM will begin to
wind up its affairs and will no longer seek to attain its
previously stated investment objectives.
Once the assets of FCM have been liquidated, FCM will establish
and will provide notice of a “Record Date,” i.e. the date on which
shares of FCM will cease trading on the NYSE Amex, the transfer
books of FCM will close and all certificates representing FCM
shares will be deemed canceled. Holders of record of shares of FCM
at the close of business on the Record Date shall be entitled to a
distribution of their allocable portion of the trust property of
FCM in accordance with the Plan. The Fund expects to make a first
and final liquidating distribution in approximately 90 days to
holders of record on the record date.
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