First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for March
First Trust Senior Floating Rate Income Fund II (NYSE: FCT) has announced its monthly common share distribution of $0.097 per share for March, payable on March 17, 2025, to shareholders of record as of March 3, 2025. The ex-dividend date is expected to be March 3, 2025.
The Fund primarily invests in senior secured floating-rate corporate loans, with at least 80% of its Managed Assets allocated to lower grade debt instruments under normal market conditions. Its primary objective is to seek high current income, with capital preservation as a secondary goal.
First Trust Advisors L.P. (FTA), the Fund's investment advisor, manages approximately $266 billion in assets as of January 31, 2025. The Fund maintains a practice of seeking stable monthly distributions, though this may impact the Fund's NAV. The distribution will consist of net investment income earned and return of capital, potentially including net short-term realized capital gains.
First Trust Senior Floating Rate Income Fund II (NYSE: FCT) ha annunciato la sua distribuzione mensile di azioni comuni di $0.097 per azione per marzo, pagabile il 17 marzo 2025, agli azionisti registrati al 3 marzo 2025. La data di stacco del dividendo è prevista per il 3 marzo 2025.
Il Fondo investe principalmente in prestiti aziendali garantiti a tasso variabile, con almeno l'80% delle sue attività gestite allocate a strumenti di debito di grado inferiore in normali condizioni di mercato. Il suo obiettivo principale è cercare un alto reddito corrente, con la preservazione del capitale come obiettivo secondario.
First Trust Advisors L.P. (FTA), il consulente per gli investimenti del Fondo, gestisce circa $266 miliardi in attività al 31 gennaio 2025. Il Fondo mantiene una prassi di cercare distribuzioni mensili stabili, anche se questo può influenzare il NAV del Fondo. La distribuzione consisterà in reddito netto da investimenti guadagnato e restituzione di capitale, potenzialmente includendo guadagni di capitale realizzati a breve termine netti.
First Trust Senior Floating Rate Income Fund II (NYSE: FCT) ha anunciado su distribución mensual de acciones comunes de $0.097 por acción para marzo, pagadera el 17 de marzo de 2025, a los accionistas registrados al 3 de marzo de 2025. La fecha ex-dividendo se espera que sea el 3 de marzo de 2025.
El Fondo invierte principalmente en préstamos corporativos garantizados a tasa flotante, con al menos el 80% de sus activos gestionados asignados a instrumentos de deuda de menor grado en condiciones normales de mercado. Su objetivo principal es buscar un alto ingreso corriente, con la preservación del capital como objetivo secundario.
First Trust Advisors L.P. (FTA), el asesor de inversiones del Fondo, gestiona aproximadamente $266 mil millones en activos a partir del 31 de enero de 2025. El Fondo mantiene una práctica de buscar distribuciones mensuales estables, aunque esto puede afectar el NAV del Fondo. La distribución consistirá en ingresos netos de inversiones generados y devolución de capital, potencialmente incluyendo ganancias de capital realizadas a corto plazo netas.
퍼스트 트러스트 시니어 플로팅 레이트 인컴 펀드 II (NYSE: FCT)는 2025년 3월에 대해 주당 $0.097의 월간 보통주 배당금을 발표했습니다. 배당금은 2025년 3월 17일에 지급되며, 권리주주 기준일은 2025년 3월 3일입니다. 배당락일은 2025년 3월 3일로 예상됩니다.
펀드는 주로 보증된 변동금리 기업 대출에 투자하며, 정상적인 시장 조건에서 관리 자산의 최소 80%를 낮은 등급의 채무 상품에 할당합니다. 주요 목표는 높은 현재 소득을 추구하는 것이며, 자본 보존은 두 번째 목표입니다.
펀드의 투자 자문사인 퍼스트 트러스트 어드바이저스 L.P. (FTA)는 2025년 1월 31일 기준으로 약 $2660억의 자산을 관리하고 있습니다. 펀드는 안정적인 월간 배당금을 추구하는 관행을 유지하고 있지만, 이는 펀드의 NAV에 영향을 미칠 수 있습니다. 배당금은 발생한 순투자소득과 자본 반환으로 구성되며, 단기 실현된 자본 이익이 포함될 수 있습니다.
First Trust Senior Floating Rate Income Fund II (NYSE: FCT) a annoncé sa distribution mensuelle d'actions ordinaires de $0.097 par action pour mars, payable le 17 mars 2025, aux actionnaires enregistrés au 3 mars 2025. La date ex-dividende est prévue pour le 3 mars 2025.
Le Fonds investit principalement dans des prêts d'entreprise garantis à taux variable, avec au moins 80 % de ses actifs gérés alloués à des instruments de dette de moindre qualité dans des conditions de marché normales. Son objectif principal est de rechercher un revenu courant élevé, avec la préservation du capital comme objectif secondaire.
First Trust Advisors L.P. (FTA), le conseiller en investissements du Fonds, gère environ $266 milliards d'actifs au 31 janvier 2025. Le Fonds maintient une pratique de recherche de distributions mensuelles stables, bien que cela puisse avoir un impact sur la NAV du Fonds. La distribution consistera en des revenus nets d'investissement générés et un retour de capital, pouvant inclure des gains en capital réalisés à court terme nets.
First Trust Senior Floating Rate Income Fund II (NYSE: FCT) hat seine monatliche Ausschüttung von $0.097 pro Aktie für März bekannt gegeben, die am 17. März 2025 an Aktionäre ausgezahlt wird, die am 3. März 2025 im Aktienregister stehen. Das Ex-Dividende-Datum wird voraussichtlich der 3. März 2025 sein.
Der Fonds investiert hauptsächlich in besicherte Unternehmensdarlehen mit variablem Zinssatz, wobei mindestens 80% seiner verwalteten Vermögenswerte unter normalen Marktbedingungen in niedrigere Schuldtitel investiert werden. Das Hauptziel ist die Erzielung eines hohen aktuellen Einkommens, wobei der Kapitalerhalt ein sekundäres Ziel darstellt.
First Trust Advisors L.P. (FTA), der Anlageberater des Fonds, verwaltet zum 31. Januar 2025 etwa $266 Milliarden an Vermögenswerten. Der Fonds verfolgt die Praxis, stabile monatliche Ausschüttungen anzustreben, was jedoch den NAV des Fonds beeinflussen kann. Die Ausschüttung wird aus den erwirtschafteten Nettoanlageerträgen und der Rückzahlung von Kapital bestehen, möglicherweise einschließlich realisierter Nettogewinne aus kurzfristigen Kapitalanlagen.
- None.
- None.
First Trust Senior Floating Rate Income Fund II (FCT):
Distribution per share: |
|
Distribution Rate based on the February 19, 2025 NAV of |
|
Distribution Rate based on the February 19, 2025 closing market price of |
|
This distribution will consist of net investment income earned by the Fund and return of capital and may also consist of net short-term realized capital gains. The final determination of the source and tax status of all distributions paid in 2025 will be made after the end of 2025 and will be provided on Form 1099-DIV.
The Fund has a practice of seeking to maintain a relatively stable monthly distribution which may be changed periodically. First Trust Advisors L.P. ("FTA") believes the practice may benefit the Fund's market price and premium/discount to the Fund's NAV. The practice has no impact on the Fund's investment strategy and may reduce the Fund's NAV.
The Fund is a diversified, closed-end management investment company. The Fund's primary investment objective is to seek a high level of current income. As a secondary objective, the Fund attempts to preserve capital. The Fund pursues these investment objectives by investing primarily in senior secured floating-rate corporate loans. Under normal market conditions, the Fund will invest at least
First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor. FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services. FTA has collective assets under management or supervision of approximately
Principal Risk Factors: Risks are inherent in all investing. Certain risks applicable to the Fund are identified below, which includes the risk that you could lose some or all of your investment in the Fund. The principal risks of investing in the Fund are spelled out in the Fund's annual shareholder reports. The order of the below risk factors does not indicate the significance of any particular risk factor. The Fund also files reports, proxy statements and other information that is available for review.
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. There can be no assurance that the Fund's investment objectives will be achieved. The Fund may not be appropriate for all investors.
Market risk is the risk that a particular investment, or shares of a fund in general may fall in value. Investments held by the Fund are subject to market fluctuations caused by real or perceived adverse economic conditions, political events, regulatory factors or market developments, changes in interest rates and perceived trends in securities prices. Shares of a fund could decline in value or underperform other investments as a result. In addition, local, regional or global events such as war, acts of terrorism, market manipulation, government defaults, government shutdowns, regulatory actions, political changes, diplomatic developments, the imposition of sanctions and other similar measures, spread of infectious disease or other public health issues, recessions, natural disasters or other events could have significant negative impact on a fund and its investments.
Current market conditions risk is the risk that a particular investment, or shares of the fund in general, may fall in value due to current market conditions. For example, changes in governmental fiscal and regulatory policies, disruptions to banking and real estate markets, actual and threatened international armed conflicts and hostilities, and public health crises, among other significant events, could have a material impact on the value of the fund's investments.
The Fund will typically invest in senior loans rated below investment grade, which are commonly referred to as "junk" or "high-yield" securities and considered speculative because of the credit risk of their issuers. Such issuers are more likely than investment grade issuers to default on their payments of interest and principal owed to the Fund, and such defaults could reduce the Fund's NAV and income distributions. An economic downturn would generally lead to a higher non-payment rate, and a senior loan may lose significant market value before a default occurs. Moreover, any specific collateral used to secure a senior loan may decline in value or become illiquid, which would adversely affect the senior loan's value.
The senior loan market has seen an increase in loans with weaker lender protections which may impact recovery values and/or trading levels in the future. The absence of financial maintenance covenants in a loan agreement generally means that the lender may not be able to declare a default if financial performance deteriorates. This may hinder the Fund's ability to reprice credit risk associated with a particular borrower and reduce the Fund's ability to restructure a problematic loan and mitigate potential loss. As a result, the Fund's exposure to losses on investments in senior loans may be increased, especially during a downturn in the credit cycle or changes in market or economic conditions.
A second lien loan may have a claim on the same collateral pool as the first lien or it may be secured by a separate set of assets. Second lien loans are typically secured by a second priority security interest or lien on specified collateral securing the Borrower's obligation under the interest. Because second lien loans are second to first lien loans, they present a greater degree of investment risk. Specifically, these loans are subject to the additional risk that the cash flow of the Borrower and property securing the loan may be insufficient to meet scheduled payments after giving effect to those loans with a higher priority. In addition, loans that have a lower than first lien priority on collateral of the Borrower generally have greater price volatility than those loans with a higher priority and may be less liquid.
In the event a borrower fails to pay scheduled interest or principal payments on a senior loan held by the Fund, the Fund will experience a reduction in its income and a decline in the value of the senior loan, which will likely reduce dividends and lead to a decline in the net asset value of the Fund's common shares. If the Fund acquires a senior loan from another lender, for example, by acquiring a participation, the Fund may also be subject to credit risks with respect to that lender. Although senior loans may be secured by specific collateral, the value of the collateral may not equal the Fund's investment when the senior loan is acquired or may decline below the principal amount of the senior loan subsequent to the Fund's investment. Also, to the extent that collateral consists of stock of the borrower or its subsidiaries or affiliates, the Fund bears the risk that the stock may decline in value, be relatively illiquid, and/or may lose all or substantially all of its value, causing the senior loan to be under collateralized. Therefore, the liquidation of the collateral underlying a senior loan may not satisfy the issuer's obligation to the Fund in the event of non-payment of scheduled interest or principal, and the collateral may not be readily liquidated.
Distressed securities frequently do not produce income while they are outstanding. The Fund may be required to incur certain extraordinary expenses in order to protect and recover its investment. The Fund also will be subject to significant uncertainty as to when and in what manner and for what value the obligations evidenced by the distressed securities will eventually be satisfied.
Use of leverage can result in additional risk and cost, and can magnify the effect of any losses.
The Fund's portfolio is also subject to credit risk, interest rate risk, liquidity risk, prepayment risk and reinvestment risk. Interest rate risk is the risk that fixed-income securities will decline in value because of changes in market interest rates. Credit risk is the risk that an issuer of a security will be unable or unwilling to make dividend, interest and/or principal payments when due and that the value of a security may decline as a result. Credit risk may be heightened for the Fund because it invests in below investment grade securities. Liquidity risk is the risk that the fund may have difficulty disposing of senior loans if it seeks to repay debt, pay dividends or expenses, or take advantage of a new investment opportunity. Prepayment risk is the risk that, upon a prepayment, the actual outstanding debt on which the Fund derives interest income will be reduced. The Fund may not be able to reinvest the proceeds received on terms as favorable as the prepaid loan. Reinvestment risk is the risk that income from the Fund's portfolio will decline if the Fund invests the proceeds from matured, traded or called instruments at market interest rates that are below the Fund's portfolio's current earnings rate.
The risks of investing in the Fund are spelled out in the shareholder reports and other regulatory filings.
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
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 https://www.ftportfolios.com or by calling 1-800-988-5891.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250220860391/en/
Press Inquiries: Ryan Issakainen, 630-765-8689
Analyst Inquiries: Jeff Margolin, 630-915-6784
Broker Inquiries: Sales Team, 866-848-9727
Source: First Trust Senior Floating Rate Income Fund II
FAQ
What is the March 2025 distribution amount for FCT and when is it payable?
What percentage of FCT's assets are invested in lower grade debt instruments?
How much assets does First Trust Advisors manage as of January 2025?
What are the primary and secondary investment objectives of FCT?
What types of investments make up FCT's portfolio primarily?
How does FCT's distribution stability practice affect its NAV?
