First Trust Strategic High Income Fund Declares Monthly Distribution for June of $0.16 Per Share
22 Mai 2006 - 11:51PM
Business Wire
First Trust Strategic High Income Fund (the "Fund") (NYSE:FHI)
today declared the Fund's regularly scheduled monthly distribution,
payable on June 15, 2006 to shareholders of record as of June 5,
2006. The ex-dividend date is expected to be June 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 May 19, 2006 NAV of $19.16:......10.02%
Distribution Rate based on the May 19, 2006 closing market price of
$19.27:.................................9.96% *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 $25 billion in
assets. Valhalla Capital Partners, LLC ("Valhalla") is a boutique
asset management firm focused on managing high-yield portfolios
with an emphasis on structured finance securities. The three
managing partners have 47 years combined industry experience and
the investment team has an average of over 10 years experience in
working with high-yield and structured finance securities. Valhalla
currently manages approximately $350 million in assets. 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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