Welcome to our dedicated page for First Trust Specialty Finance news (Ticker: FGB), a resource for investors and traders seeking the latest updates and insights on First Trust Specialty Finance stock.
This page provides a historical news archive for First Trust Specialty Finance and Financial Opportunities Fund (FGB), a diversified, closed-end management investment company that focused on specialty finance and other financial companies. Company announcements describe FGB as seeking a high level of current income, with a secondary objective of attractive total return, by investing at least 80% of its managed assets in securities of specialty finance and other financial firms that its sub-advisor believed offered opportunities for income and capital appreciation.
The news flow for FGB has included regular distribution declarations, detailing its quarterly per-share distributions and explaining that portions of these payments could come from net investment income, capital gains, or return of capital. Releases also routinely outlined principal risk factors, such as market risk, current market conditions risk, risks tied to investments in business development companies (BDCs), real estate investment trusts (REITs), mortgage-related and other asset-backed securities, sector concentration in financials, and the effects of leverage.
A significant portion of the more recent news coverage concerns the fund’s corporate actions and reorganization. Press releases and a Form 8-K report that shareholders approved, and the fund completed, a reorganization of FGB into FT Confluence BDC & Specialty Finance Income ETF (FBDC), an actively managed ETF managed by First Trust Advisors L.P. and sub-advised by Confluence Investment Management LLC. These items explain that FGB’s assets were transferred to FBDC, its liabilities were assumed by FBDC, and FGB shareholders received FBDC shares equal in value to their FGB holdings.
Investors and researchers can use this news archive to review FGB’s historical distribution announcements, risk disclosures, shareholder meeting results, and the sequence of events leading to its ETF reorganization and subsequent removal from NYSE listing.
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WHEATON, Ill. -- First Trust Specialty Finance and Financial Opportunities Fund (NYSE: FGB) has declared a quarterly distribution of
The First Trust Specialty Finance and Financial Opportunities Fund (NYSE: FGB) has announced a quarterly distribution of $0.0825 per share, payable on December 1, 2022, to shareholders of record by November 23, 2022. The ex-dividend date is set for November 22, 2022. Based on the November 9, 2022 NAV of $3.68, the distribution rate is 8.97%, and 9.79% based on the closing market price of $3.37. The Fund invests primarily in securities of specialty finance companies, targeting both income and capital appreciation.
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The First Trust Specialty Finance and Financial Opportunities Fund (NYSE: FGB) has announced a quarterly distribution of $0.0825 per share, payable on August 31, 2022. Shareholders of record as of August 23, 2022 will receive this distribution, with an ex-dividend date of August 22, 2022. This distribution represents an annualized yield of 8.13% based on the NAV of $4.06 and 9.14% based on the market price of $3.61. The Fund aims to provide high current income while investing at least 80% of its assets in specialty finance securities.
The First Trust Specialty Finance and Financial Opportunities Fund (NYSE: FGB) has announced a quarterly distribution of
The Fund aims to provide high current income and capital appreciation.
The First Trust Specialty Finance and Financial Opportunities Fund (NYSE: FGB) has announced a quarterly distribution of
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