First Trust Strategic High Income Fund Declares Monthly Distribution for June of $0.16 Per Share
21 Mai 2007 - 10:17PM
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, 2007 to shareholders of record as of June 5,
2007. The ex-dividend date is expected to be June 1, 2007. The
monthly distribution information for the Fund appears below. First
Trust Strategic High Income Fund (FHI): Distribution per share:
$0.16ďż˝ Distribution Rate based on the May 18, 2007 NAV of $18.95:
10.13% Distribution Rate based on the May 18, 2007 closing market
price of $20.18: 9.51% The majority, and possibly all, of this
distribution will be paid out of net investment income earned by
the Fund. A portion of this distribution may come from net
short-term realized capital gains or return of capital. The final
determination of the source and tax status of all distributions
paid in 2007 will be made after the end of 2007. 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 $30 billion in
assets. Valhalla Capital Partners, LLC, the Fund�s sub-adviser
(�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 $650 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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