seekingalpha.com
VVR: Avoid This Floating-Rate Fund For The Time Being
VVR: Avoid This Floating-Rate Fund For The Time Being
First Trust Senior Floating Rate Income Fund IIFCTNYSE
Loading
Latest News
Loading news...
businesswire.com
First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for March
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on March 16, 2026, to shareholders of record as of March 2, 2026. The ex-dividend date is expected to be March 2, 2026. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT): Distribution per sha.
seekingalpha.com
FCT: No Near-Term Growth Catalyst
First Trust Senior Floating Rate Income Fund II remains a hold due to limited earnings growth and unattractive price-to-NAV valuation. FCT's 11.7% yield is at risk as net investment income fails to cover distributions, especially with declining interest rates. The fund's reliance on net realized gains to support payouts introduces volatility and threatens dividend sustainability.
businesswire.com
First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for February
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on February 17, 2026, to shareholders of record as of February 2, 2026. The ex-dividend date is expected to be February 2, 2026. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT): Distribution per share: $.
defenseworld.net
First Trust Senior Floating Rate Income Fund II (NYSE:FCT) Share Price Passes Above 50-Day Moving Average – Time to Sell?
First Trust Senior Floating Rate Income Fund II (NYSE: FCT - Get Free Report) crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $9.74 and traded as high as $10.08. First Trust Senior Floating Rate Income Fund II shares last traded at $10.0220, with
defenseworld.net
First Trust Senior Floating Rate Income Fund II (NYSE:FCT) Sees Significant Decrease in Short Interest
First Trust Senior Floating Rate Income Fund II (NYSE: FCT - Get Free Report) saw a large drop in short interest in December. As of December 15th, there was short interest totaling 49,124 shares, a drop of 34.7% from the November 30th total of 75,267 shares. Based on an average daily volume of 232,788 shares, the
businesswire.com
First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for January
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on January 15, 2026, to shareholders of record as of January 2, 2026. The ex-dividend date is expected to be January 2, 2026. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT): Distribution per share: $0.0.
seekingalpha.com
FCT: CEF Arbitrage Opportunity Via The Conversion
First Trust Senior Floating Rate Income Fund II has announced board approval to convert the fund into an ETF. This strategic move reflects a shift in structure, potentially enhancing liquidity and investor access. The conversion would remove the large discount to NAV, thus creating capital gains for holders.
businesswire.com
Board of First Trust Senior Floating Rate Income Fund II Approves Conversion into an ETF
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that the Board of Trustees of First Trust Senior Floating Rate Income Fund II (NYSE: FCT), a closed-end fund managed by FTA, approved the reorganization (the “Reorganization”) of FCT into First Trust Flexible Income ETF, a newly created exchange-traded fund (“ETF”) that will be traded on the NYSE and will be an actively managed ETF managed by FTA. Under the terms of the Reorganization, which is expected to be tax‑.
businesswire.com
First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for December
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on December 15, 2025, to shareholders of record as of December 1, 2025. The ex-dividend date is expected to be December 1, 2025. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT): Distribution per share: $.
businesswire.com
First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for November
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on November 17, 2025, to shareholders of record as of November 3, 2025. The ex-dividend date is expected to be November 3, 2025. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT): Distribution per share: $.
businesswire.com
First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for October
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on October 15, 2025, to shareholders of record as of October 1, 2025. The ex-dividend date is expected to be October 1, 2025. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT): Distribution per share: $0.
seekingalpha.com
FCT: Lower Interest Rates May Increase Appeal
FCT offers a high 11.6% yield and monthly distributions, appealing to income investors, but with notable sustainability concerns in a falling rate environment. The fund's discount to NAV is near decade lows, limiting valuation upside even if interest rates decline as anticipated. FCT relies heavily on below-investment-grade loans and leverage, increasing the risk of defaults and NAV deterioration during market downturns.
businesswire.com
First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for September
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on September 15, 2025, to shareholders of record as of September 2, 2025. The ex-dividend date is expected to be September 2, 2025. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT): Distribution per share.
businesswire.com
First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for August
WHEATON, Ill--(BUSINESS WIRE)--First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on August 15, 2025, to shareholders of record as of August 1, 2025. The ex-dividend date is expected to be August 1, 2025. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT): Distribution per share: $0.097 D.
seekingalpha.com
FCT: NAV Destruction Is A Big Problem As This Fund Tries To Sustain Its Distribution
First Trust Senior Floating Rate Income Fund II offers an attractive 11.68% yield, but that yield is unsustainable as the fund fails to cover distributions after recent Fed rate cuts. The FCT fund's net asset value is declining, indicating distributions are being paid from capital, not income, and a distribution cut is likely imminent. Peer funds have already cut distributions and suffered share price declines; FCT investors risk both income reduction and capital loss if they buy now.
businesswire.com
First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for July
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on July 15, 2025, to shareholders of record as of July 1, 2025. The ex-dividend date is expected to be July 1, 2025. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT): Distribution per share: $0.097.
businesswire.com
First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for June
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on June 16, 2025, to shareholders of record as of June 2, 2025. The ex-dividend date is expected to be June 2, 2025. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT): Distribution per share: $0.097 Distri.
businesswire.com
FCT Partners with Interac to Transform Identity Verification in Real Estate Transactions
OAKVILLE, Ontario--(BUSINESS WIRE)--FCT, Canada's leading provider of title insurance and real estate technology, today announced an agreement with Interac Corp. (Interac) to integrate the Interac Verified™ credential service into FCT's real estate technology solutions. The agreement and pending integration set the stage for broader adoption of secure and reusable digital identity credentials across the Canadian real estate ecosystem, marking a major step toward a national standard for digitall.
businesswire.com
First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for May
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on May 15, 2025, to shareholders of record as of May 1, 2025. The ex-dividend date is expected to be May 1, 2025. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT): Distribution per share: $0.097 Distribut.