First Trust Strategic High Income Fund Declares Monthly Distribution for February of $0.16 Per Share
23 Januar 2007 - 12:27AM
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, 2007 to shareholders of record as of
February 5, 2007. The ex-dividend date is expected to be February
1, 2007. The monthly distribution information for the Fund appears
below. First Trust Strategic High Income Fund (FHI): Distribution
per share: $0.16� Distribution Rate based on the January 19, 2007
NAV of $19.84: 9.68% Distribution Rate based on the January 19,
2007 closing market price of $20.36: 9.43% 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 below-investment
grade debt securities. The Fund employs leverage. First Trust
Advisors L.P. acts as the Fund�s investment advisor 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 50
years combined industry experience and the investment team has an
average of over 11 years experience in working with high-yield and
structured finance securities. Valhalla currently manages
approximately $500 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.
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