FCT: 11% Yield, Monthly Payer [Seeking Alpha]
First Trust Senior Floating Rate Income Fund II Common Shares of Beneficial Interest (FCT)
US:NYSE Investor Relations:
ftportfolios.com/retail/cef/cefsummary.aspx?ticker=fct
Company Research
Source: Seeking Alpha
The First Trust Senior Floating Rate Income Fund II is a closed-end fund that focuses on senior secured floating-rate corporate loans. The FCT CEF offers a high dividend yield of 11.30% and has outperformed the CEF debt industry on a price and total return basis. With the latest inflation report putting up an obstacle to the idea of the Fed cutting rates in June, income investors may want to hang onto their floating rate income vehicles longer. We took a look at the First Trust Senior Floating Rate Income Fund II NYSE: FCT ), a closed-end fund, or CEF, operating in this arena. Fund Profile: The primary investment objective of First Trust Senior Floating Rate Income Fund II is to seek a high level of current income with capital preservation as a secondary objective. The Fund pursues its investment objectives by investing primarily in a portfolio of senior secured floating-rate corporate loans (“Senior Loans”). Under normal market conditions, at least 80% of the Fund's Manage
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FCT
News
- First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for MayBusiness Wire
- First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for AprilBusiness Wire
- First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for MarchBusiness Wire
FCT
Sec Filings
- 4/25/24 - Form NPORT-P
- 4/18/24 - Form 3
- 2/9/24 - Form SC
- FCT's page on the SEC website