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First Trust Specialty Finance and Financial Opportunities Fund (FGB) is a closed-end management investment company based in the United States. Its primary investment objective is to achieve a high level of current income, with a secondary goal of attaining a positive total return. To meet these objectives, the Fund invests at least 80% of its Managed Assets in a diversified portfolio of securities issued by specialty finance and other financial companies.
The Fund is managed by First Trust Advisors L.P., a firm with a rich history dating back to 1991. First Trust Advisors prides itself on providing trusted investment products and advisory services, aimed at helping financial advisors and their clients set and achieve long-term financial goals. The firm operates on core principles that include knowing what you own, investing for the long-term, employing discipline, re-balancing, and controlling taxes.
Recent achievements include a robust portfolio performance that aligns with their investment strategy, emphasizing income generation and capital appreciation. The Fund is continuously exploring new investment opportunities while adhering to its disciplined investment approach. Current projects focus on identifying undervalued assets in the specialty finance sector, aiming to maximize returns while managing risks effectively.
First Trust Specialty Finance and Financial Opportunities Fund collaborates with various financial institutions to enhance its investment opportunities and deliver superior results. Its products are designed to cater to both individual and institutional investors seeking reliable income and long-term growth. With an unwavering commitment to innovation, the Fund consistently offers original ideas and inventive products to meet the evolving needs of its clients.
Overall, FGB stands out as a significant player in the specialty finance market, offering investors a unique blend of income and growth potential. The Fund's disciplined approach, coupled with its strategic partnerships and robust portfolio management, makes it a compelling choice for investors looking to diversify their portfolios with specialty finance securities.
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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