First Trust Strategic High Income Fund Declares Monthly Common Share Distribution of $0.025 Per Share for June
20 Mai 2010 - 11:15PM
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 June 15, 2010 to shareholders of record as
of June 3, 2010. The ex-dividend date is expected to be June 1,
2010. The monthly distribution information for the Fund appears
below.
First Trust Strategic High Income Fund
(FHI):
Distribution per share: $0.025 Distribution Rate based on the May
19, 2010 NAV of $3.43: 8.75% Distribution Rate based on the May 19,
2010 closing market price of $3.00: 10.00%
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 2010 will be made after
the end of 2010.
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 approximately $32 billion as of April
30, 2010 through closed-end funds, unit investment trusts, mutual
funds, separate managed accounts and exchange-traded funds.
Brookfield Investment Management Inc., the Fund’s investment
sub-advisor, is an SEC 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 securities and listed infrastructure securities.
Headquartered in New York, the firm had approximately $24 billion
of assets under management as of March 31, 2010. 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 $100 billion of
assets under management as of March 31, 2010.
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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