First Trust Senior Floating Rate Income Fund II Declares Its Monthly Common Share Distribution of $0.097 Per Share for February
First Trust Senior Floating Rate Income Fund II (NYSE: FCT) has announced its monthly common share distribution of $0.097 per share for February, payable on February 18, 2025, to shareholders of record as of February 3, 2025. Based on January 17, 2025 figures, this represents a distribution rate of 10.76% on NAV ($10.82) and 11.28% on market price ($10.32).
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. The distribution will comprise net investment income and return of capital, potentially including net short-term realized capital gains. The final tax status determination will be made after 2025 end.
First Trust Advisors L.P. (FTA), the Fund's investment advisor, manages approximately $256 billion in assets as of December 31, 2024. The Fund maintains a practice of relatively stable monthly distributions, though this may impact its NAV.
First Trust Senior Floating Rate Income Fund II (NYSE: FCT) ha annunciato la sua distribuzione mensile delle azioni ordinarie di $0.097 per azione per febbraio, pagabile il 18 febbraio 2025, agli azionisti registrati al 3 febbraio 2025. Basandosi sui dati del 17 gennaio 2025, ciò rappresenta un tasso di distribuzione del 10.76% sul NAV ($10.82) e dell'11.28% sul prezzo di mercato ($10.32).
Il Fondo investe principalmente in prestiti aziendali senior garantiti a tasso variabile, con almeno l'80% dei suoi Attivi Gestiti allocati a strumenti di debito di grado inferiore in normali condizioni di mercato. La distribuzione comprenderà il reddito netto da investimenti e il rimborso di capitale, potenzialmente includendo guadagni di capitale realizzati a breve termine netti. La determinazione finale dello stato fiscale sarà effettuata dopo la fine del 2025.
First Trust Advisors L.P. (FTA), il consulente per gli investimenti del Fondo, gestisce circa $256 miliardi di attivi al 31 dicembre 2024. Il Fondo mantiene una pratica di distribuzioni mensili relativamente stabili, anche se questo potrebbe influenzare il suo NAV.
First Trust Senior Floating Rate Income Fund II (NYSE: FCT) ha anunciado su distribución mensual de acciones ordinarias de $0.097 por acción para febrero, pagadera el 18 de febrero de 2025, a los accionistas registrados a partir del 3 de febrero de 2025. Basándose en los datos del 17 de enero de 2025, esto representa una tasa de distribución del 10.76% sobre el NAV ($10.82) y del 11.28% sobre el precio de mercado ($10.32).
El Fondo invierte principalmente en préstamos corporativos senior asegurados a tasas variables, con al menos el 80% de sus Activos Gestionados asignados a instrumentos de deuda de menor grado en condiciones normales de mercado. La distribución consistirá en ingresos netos de inversión y devolución de capital, que potencialmente incluirá ganancias de capital realizadas netas a corto plazo. La determinación final del estatus fiscal se realizará después de finales de 2025.
First Trust Advisors L.P. (FTA), el asesor de inversiones del Fondo, gestiona aproximadamente $256 mil millones en activos a partir del 31 de diciembre de 2024. El Fondo mantiene una práctica de distribuciones mensuales relativamente estables, aunque esto podría afectar su NAV.
퍼스트 트러스트 시니어 플로팅 레이트 인컴 펀드 II (NYSE: FCT)는 2025년 2월에 대해 주당 $0.097의 월간 일반 주식 배당금을 발표했습니다. 배당금은 2025년 2월 18일에 지급되며, 2025년 2월 3일 기준 주주에게 지급됩니다. 2025년 1월 17일 기준으로, 이는 NAV($10.82) 기준으로 10.76%의 배당률과 시장 가격($10.32) 기준으로 11.28%를 나타냅니다.
이 펀드는 주로 고정금리 유동성 기업 대출에 투자하며, 정상적인 시장 조건에서는 관리 자산의 최소 80%가 낮은 신용 등급 채무 상품에 할당됩니다. 배당금은 순투자소득 및 자본환급으로 구성되며, 단기 실현된 순자본이득을 포함할 수 있습니다. 최종 세금 상태 결정은 2025년 말 이후에 이루어집니다.
펀드의 투자 고문인 퍼스트 트러스트 어드바이저스 L.P. (FTA)는 2024년 12월 31일 기준으로 약 $2560억의 자산을 관리하고 있습니다. 이 펀드는 상대적으로 안정적인 월간 배당금 지급 관행을 유지하고 있지만, 이는 NAV에 영향을 미칠 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 février, payable le 18 février 2025, aux actionnaires enregistrés au 3 février 2025. Sur la base des chiffres du 17 janvier 2025, cela représente un taux de distribution de 10,76 % sur la NAV ($10,82) et de 11,28 % sur le prix de marché ($10,32).
Le Fonds investit principalement dans des prêts d'entreprise seniors sécurisés à taux flottant, avec au moins 80 % de ses actifs gérés alloués à des instruments de dette de moindre qualité dans des conditions de marché normales. La distribution comprendra des revenus nets d'investissement et un retour de capital, y compris potentiellement des gains en capital nets réalisés à court terme. La détermination finale du statut fiscal sera effectuée après la fin de 2025.
First Trust Advisors L.P. (FTA), le conseiller en investissement du Fonds, gère environ $256 milliards d'actifs au 31 décembre 2024. Le Fonds maintient une pratique de distributions mensuelles relativement stables, bien que cela puisse impacter son NAV.
First Trust Senior Floating Rate Income Fund II (NYSE: FCT) hat seine monatliche Ausschüttung von $0.097 pro Aktie für Februar angekündigt, die am 18. Februar 2025 an Aktionäre ausgezahlt wird, die am 3. Februar 2025 im Firmenregister stehen. Basierend auf den Zahlen vom 17. Januar 2025 entspricht dies einer Ausschüttungsquote von 10,76% auf den NAV ($10,82) und 11,28% auf den Marktpreis ($10,32).
Der Fonds investiert hauptsächlich in senior gesicherte Unternehmensdarlehen mit variablen Zinssätzen, wobei mindestens 80% seiner verwalteten Vermögenswerte unter normalen Marktbedingungen in weniger bewertete Schuldeninstrumente fließen. Die Ausschüttung wird sich aus dem Nettoanlageergebnis und der Rückzahlung von Kapital zusammensetzen, möglicherweise einschließlich realisierter Nettokapitalgewinne. Die endgültige Steuerstatusbestimmung wird nach Ende 2025 getroffen.
First Trust Advisors L.P. (FTA), der Anlageberater des Fonds, verwaltet zum 31. Dezember 2024 etwa $256 Milliarden an Vermögenswerten. Der Fonds hält an einer Praxis relativ stabiler monatlicher Ausschüttungen fest, was jedoch Auswirkungen auf seinen NAV haben kann.
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First Trust Senior Floating Rate Income Fund II (FCT): |
Distribution per share:........................................................................................................................................................................................................... |
Distribution Rate based on the January 17, 2025 NAV of |
Distribution Rate based on the January 17, 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.
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Source: First Trust Senior Floating Rate Income Fund II
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