First Trust Strategic High Income Fund Declares Long-Term Capital Gain Distribution of $0.067 Per Share
12 Dezember 2006 - 11:34PM
Business Wire
First Trust Strategic High Income Fund (the "Fund") (NYSE: FHI)
today announced a long-term capital gain distribution of $0.067 per
share. The distribution will be payable on December 29, 2006 to
shareholders of record as of December 22, 2006. The ex-dividend
date is expected to be December 20, 2006. The final determination
of the source and tax status of all distributions paid in 2006 will
be made after the end of 2006. 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
employs leverage. First Trust Advisors L.P. acts as the Fund�s
investment adviser and currently manages or supervises
approximately $28 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 $400 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. Please see the Fund�s
prospectus for additional information on the risks of investing in
the Fund. 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.
Federated Hermes (NYSE:FHI)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Federated Hermes (NYSE:FHI)
Historical Stock Chart
Von Jul 2023 bis Jul 2024