First Trust Strategic High Income Fund Declares Monthly Distribution for July of $0.16 Per Share
20 Juni 2006 - 10:38PM
Business Wire
First Trust Strategic High Income Fund (the "Fund") (NYSE:FHI)
today declared the Fund's regularly scheduled monthly distribution,
payable on July 17, 2006 to shareholders of record as of July 6,
2006. The ex-dividend date is expected to be July 3, 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 June 19, 2006 NAV of
$19.22: 9.99% Distribution Rate based on the June 19, 2006 closing
market price of $19.20: 10.00% *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 adviser 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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