First Trust Strategic High Income Fund Declares Monthly Common Share Distribution of $0.025 Per Share for November
20 Oktober 2009 - 10:39PM
Business Wire
First Trust Strategic High Income Fund (the "Fund") (NYSE: FHI)
has declared the Fund’s regularly scheduled monthly common share
distribution payable on November 16, 2009 to shareholders of record
as of November 4, 2009. The ex-dividend date is expected to be
November 2, 2009. The monthly distribution and cash balance
information for the Fund appears below.
First Trust Strategic High Income Fund
(FHI):
Distribution per share: $0.025 Distribution Rate based on
the October 19, 2009 NAV of $2.84: 10.56% Distribution Rate based
on the October 19, 2009 closing market price of $2.67: 11.24% Cash
Balance on October 19, 2009: $1,564,857 or 6.01% of Net Assets
The tax character of the Fund’s fiscal year to date
distributions, including this distribution, will depend on the
Fund’s investment experience during the remainder of its fiscal
year. However, based on information for the fiscal year to date it
is likely that the Fund’s distributions will include a return of
capital component for its current fiscal year. The final
determination of the source and tax status of all distributions
paid in 2009 will be made after the end of 2009.
The Fund is a diversified, 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 up to 100% of
its managed assets in a diversified portfolio of high income
producing securities that the investment sub-advisor believes offer
attractive yield and capital appreciation potential.
First Trust Advisors L.P., the Fund’s investment advisor, along
with its affiliate First Trust Portfolios L.P., are privately-held
companies which provide a variety of investment services, including
asset management, financial advisory services, and municipal and
corporate investment banking, with collective assets under
management or supervision of over $24 billion as of September 30,
2009 through closed-end funds, unit investment trusts, mutual
funds, separate managed accounts and exchange-traded funds.
Brookfield Investment Management Inc. (formerly, Hyperion
Brookfield Asset Management, Inc.), the Fund’s investment
sub-advisor, is a registered investment advisor that specializes in
fixed income, high yield, structured products (commercial
mortgage-backed securities, residential mortgage-backed securities
and asset-backed securities) as well as global real estate
investment trusts and listed infrastructure securities.
Headquartered in New York, the firm had approximately $20 billion
of assets under management as of October 1, 2009. Brookfield
Investment Management Inc. is a subsidiary of Brookfield Asset
Management Inc., a global asset manager focused on property, power
and other infrastructure assets with approximately $80 billion of
assets under management as of September 30, 2009.
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,
non-U.S. securities risk, non-U.S. 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 risks of investing in the Fund are spelled out in the
prospectus, shareholder report and other regulatory filings.
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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