First Trust Senior Floating Rate Income Fund II (FCT) Stock News

First Trust Senior Floating Rate Income Fund II (NYSE: FCT) has announced a monthly common share distribution of $0.097 per share payable on November 15, 2024, to shareholders of record as of November 1, 2024. The ex-dividend date is also November 1, 2024. The distribution rate is 10.72% based on the October 18, 2024 NAV of $10.86, and 11.25% based on the closing market price of $10.35. The distribution includes net investment income, return of capital, and possibly net short-term realized capital gains. Final tax status will be provided on Form 1099-DIV after year-end.

The Fund, managed by First Trust Advisors L.P., aims for high current income and capital preservation by investing primarily in senior secured floating-rate corporate loans. It will invest at least 80% of its managed assets in lower-grade debt instruments under normal conditions. The Fund's investment strategy is unaffected by its distribution practices, which may impact NAV.

First Trust Senior Floating Rate Income Fund II (NYSE: FCT) announced a monthly common share distribution of $0.097 per share for October 2024. The payment date is October 15, 2024, with a record date of October 1, 2024. The distribution rate is 10.72% based on the September 18, 2024 NAV of $10.86 and 11.26% based on the closing market price of $10.34. The distribution includes net investment income, return of capital, and may include short-term realized capital gains. The final determination of the source and tax status will be provided on Form 1099-DIV after the end of 2024. The Fund aims to maintain a stable monthly distribution, which can be adjusted periodically. The Fund invests primarily in senior secured floating-rate corporate loans and aims for high current income and capital preservation. The Fund is managed by First Trust Advisors L.P., which oversees $241 billion in assets as of August 31, 2024.

First Trust Senior Floating Rate Income Fund II (NYSE: FCT) has declared its monthly common share distribution of $0.097 per share for September, payable on September 16, 2024, to shareholders of record as of September 3, 2024. The distribution rate is 10.72% based on the August 19, 2024 NAV of $10.86, and 11.38% based on the closing market price of $10.23.

The Fund primarily invests in senior secured floating-rate corporate loans, with at least 80% of its Managed Assets in lower grade debt instruments under normal market conditions. Its primary objective is to seek a high level of current income, with capital preservation as a secondary goal.

First Trust Advisors L.P. (FTA) serves as the Fund's investment advisor, managing approximately $235 billion in assets as of July 31, 2024.

First Trust Senior Floating Rate Income Fund II (NYSE: FCT) has declared its monthly common share distribution of $0.097 per share for August, payable on August 15, 2024, to shareholders of record as of August 1, 2024. The distribution rate is 10.65% based on the July 19, 2024 NAV of $10.93, and 11.28% based on the closing market price of $10.32.

The Fund's primary objective is to seek a high level of current income, with capital preservation as a secondary goal. It invests primarily in senior secured floating-rate corporate loans, with at least 80% of its Managed Assets in lower grade debt instruments under normal market conditions.

First Trust Advisors L.P. (FTA) serves as the Fund's investment advisor, managing approximately $228 billion in assets as of June 30, 2024. The Fund faces various risks, including market volatility, interest rate changes, and credit risk associated with below-investment grade securities.

First Trust Senior Floating Rate Income Fund II (NYSE: FCT) has announced a monthly common share distribution of $0.097 per share for July 2024. Shareholders on record as of July 1, 2024, will receive this distribution on July 15, 2024. The distribution rate is 10.65% based on the June 18 NAV of $10.93 and 11.48% based on the market price of $10.14. This payout will include net investment income and return of capital, with possible short-term realized capital gains. The final tax status will be determined post-2024 and reported on Form 1099-DIV. The Fund invests primarily in senior secured floating-rate corporate loans, targeting high current income and capital preservation. Principal risks involve market fluctuations, economic conditions, and credit risks associated with lower-grade debt instruments.

First Trust Senior Floating Rate Income Fund II (NYSE: FCT) announced its scheduled monthly common share distribution of $0.097 per share for June 2024. This distribution, payable on June 17, 2024, to shareholders of record as of June 3, 2024, represents a distribution rate of 10.56% based on the May 17, 2024 NAV of $11.02 and 11.03% based on the May 17, 2024 closing market price of $10.55. The distribution consists of net investment income, return of capital, and potential net short-term realized capital gains.

First Trust Advisors L.P., managing approximately $218 billion in assets, serves as the investment advisor. The Fund invests primarily in senior secured floating-rate corporate loans, focusing on lower-grade debt instruments, which may present higher credit risk. The Fund aims to maintain stable monthly distributions, which could affect its NAV. Risks associated with the Fund include market risk, credit risk, interest rate risk, and liquidity risk, among others.

Summary not available.

Summary not available.

Summary not available.