First Trust Strategic High Income Fund III Declares its Monthly Common Share Distribution of $0.025 Per Share for March
22 Fevereiro 2011 - 6:42PM
Business Wire
First Trust Strategic High Income Fund III (the "Fund") (NYSE:
FHO) has declared its regularly scheduled monthly common share
distribution payable on March 15, 2011 to shareholders of record as
of March 3, 2011. The ex-dividend date is expected to be March 1,
2011. The monthly distribution information for the Fund appears
below.
First Trust
Strategic High Income Fund III (FHO):
Distribution per share: $ 0.025 Distribution Rate based on
the February 18, 2011 NAV of $5.08: 5.91% Distribution Rate based
on the February 18, 2011 closing market price of $4.29: 6.99%
Principal write-downs by issuers of the Fund’s residential
mortgage and other structured securities have significantly
contributed to the Fund’s historical return of capital
distributions. The tax character of the Fund’s fiscal year to date
distributions, including this distribution, will depend on the
Fund’s investment experience during the remainder of its fiscal
year, including any additional principal write-downs by the issuers
of the Fund’s securities. While it is uncertain what will transpire
over the remainder of the Fund’s fiscal year, it is likely that the
Fund’s current fiscal year distributions will include a return of
capital component. The final determination of the source and tax
status of all 2011 distributions will be made after the end of
2011.
The Fund is a diversified, closed-end management investment
company that seeks to provide a high level of current income. As a
secondary objective, the Fund seeks to provide capital growth. The
Fund pursues these investment objectives by investing up to 100% of
its managed assets in a diversified portfolio of below-investment
grade and investment grade debt securities and equity securities
that the investment sub-advisor believes offer attractive yield
and/or capital appreciation potential.
First Trust Advisors L.P., the Fund’s investment advisor, along
with its affiliate First Trust Portfolios L.P., are privately-held
companies which provide a variety of investment services, including
asset management, financial advisory services, and municipal and
corporate investment banking, with collective assets under
management or supervision of approximately $43 billion as of
January 31, 2011 through closed-end funds, unit investment trusts,
mutual funds, separate managed accounts and exchange-traded
funds.
Brookfield Investment Management Inc., the Fund’s investment
sub-advisor, is an SEC registered investment advisor that
specializes in core fixed income, high yield, structured products
(commercial mortgage-backed securities, residential mortgage-backed
securities and asset-backed securities) as well as global real
estate securities and listed infrastructure securities.
Headquartered in New York, the firm had approximately $23 billion
of assets under management as of December 31, 2010. Brookfield
Investment Management Inc. is a subsidiary of Brookfield Asset
Management Inc., a global asset manager focused on property, power
and other infrastructure assets with approximately $100 billion of
assets under management as of December 31, 2010.
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.
Principal Risk Factors: Investment in this Fund involves
investment and market risk, management risk, value investing risk,
below-investment grade debt securities risk, fixed-income
securities risk, mortgage-backed securities risk, asset-backed
securities risk, convertible securities risk, municipal securities
risk, non-U.S. securities risk, non-U.S. government securities
risk, equity securities risk, currency risk, distressed securities
risk, preferred stock risk, inflation/deflation risk, market
discount risk, leverage risk, derivatives risk, market disruption
risk, portfolio turnover risk, and illiquid/restricted securities
risk. The risks of investing in the Fund are spelled out in the
prospectus, shareholder report and other regulatory filings.
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
www.ftportfolios.com or by calling 1-800-988-5891.
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