First Trust Strategic High Income Fund Declares Monthly Distribution for February of $0.16 Per Share
20 Januar 2006 - 10:47PM
Business Wire
First Trust Strategic High Income Fund (the "Fund") (NYSE:FHI)
today declared the Fund's regularly scheduled monthly distribution,
payable on February 15, 2006 to shareholders of record as of
February 3, 2006. The ex-dividend date is expected to be February
1, 2006. The monthly distribution information for the Fund appears
below. -0- *T First Trust Strategic High Income Fund (FHI):
--------------------------------------------- Distribution per
share: $0.16 Distribution Rate based on the January 19, 2006 NAV of
$18.94: 10.14% Distribution Rate based on the January 19, 2006
closing market price of $18.70: 10.27% *T The Fund is a closed-end
management investment company that seeks to provide a high level of
current income. As a secondary objective, the Fund seeks to provide
capital growth. The Fund pursues these investment objectives by
investing at least 80% of its managed assets in a diversified
portfolio of high income producing securities that the sub-adviser
believes offer attractive yield and capital appreciation potential.
The fund does not employ leverage. First Trust Advisors L.P. acts
as the Fund's investment advisor and currently manages or
supervises approximately $22 billion in assets. Hilliard Lyons
Asset Management ("HLAM") is the Fund's sub-adviser. HLAM is a
division of J.J.B. Hilliard, W.L. Lyons, Inc., which is an indirect
wholly-owned subsidiary of The PNC Financial Services Group, Inc.
("PNC"). PNC, a publicly-held financial holding company, provides
commercial and retail banking and other financial services in the
areas of investment banking, asset management, mutual funds,
trusts, securities brokerage, insurance, leasing, and mortgage
banking. HLAM serves as investment adviser or sub-adviser to
approximately $4.8 billion in assets as of September 30, 2005,
which consists of two mutual funds, one money market fund, and
separately managed accounts and trust assets. HLAM or its
predecessors have been managing assets since 1967. Past performance
is no assurance of future results. Investment return and market
value of an investment in the Fund will fluctuate. Shares, when
sold, may be worth more or less than their original cost. Principal
Risk Factors: Investment in this Fund involves investment and
market risk, management risk, value investing risk,
below-investment grade securities risk, fixed-income securities
risk, mortgage-backed securities risk, asset-backed securities
risk, convertible securities risk, municipal securities risk,
foreign securities risk, foreign government securities risk, equity
securities risk, currency risk, distressed securities risk,
preferred stock risk, inflation/deflation risk, market discount
risk, leverage risk, derivatives risk, market disruption risk,
portfolio turnover risk, and illiquid/restricted securities risk.
The Fund's daily closing New York Stock Exchange price and net
asset value per share as well as other information can be found at
www.ftportfolios.com or by calling 1-800-988-5891.
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