- First Trust Senior Floating Rate Income Fund II (FCT, Financial) declares a monthly distribution of $0.097 per share payable on May 15, 2025.
- The distribution yields 11.91% based on an April 17, 2025, market closing price of $9.77.
- The Fund invests primarily in senior secured floating-rate corporate loans, targeting lower-grade debt instruments.
First Trust Senior Floating Rate Income Fund II (FCT) has announced a monthly common share distribution of $0.097 per share for May 2025. This distribution is scheduled to be paid on May 15, 2025, to shareholders who are recorded as of May 1, 2025. The ex-dividend date for the payment is also May 1, 2025.
The distribution rate, as of April 17, 2025, stands at 11.17% based on the net asset value (NAV) of $10.42, and 11.91% based on the closing market price of $9.77. This distribution will include net investment income, return of capital, and may comprise net short-term realized capital gains.
First Trust Senior Floating Rate Income Fund II primarily focuses on investing in senior secured floating-rate corporate loans, ensuring at least 80% of its Managed Assets are allocated to lower-grade debt instruments under normal market conditions. As of March 31, 2025, First Trust Advisors L.P., the Fund's investment advisor, manages approximately $258 billion in assets.
