FCT Stock Recent News

The latest inflation report may hinder the possibility of the Fed cutting rates in June, prompting income investors to hold on to floating rate income vehicles. 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.

First Trust Senior Floating Rate Income Fund II is a closed-end fund that provides income-focused investors with a high level of current income. The FCT fund's portfolio of floating-rate securities is resistant to changes in interest rates, making it a good option in a rising rate environment. The fund has delivered a respectable performance over the past few years, outperforming bond indices and offering a total return of 12.63% over three years.

First Trust Senior Floating Rate Income Fund II is a fixed-income closed-end fund that focuses on leveraged loans, offering a high dividend yield. FCT has outperformed other fixed-income offerings this year, thanks to its floating rate collateral and the current market conditions. The fund has a low leverage ratio of 18% for its asset class and an 11.7% dividend yield.

First Trust Senior Floating Rate Income Fund II is a fixed income closed end fund. The vehicle has a very low leverage ratio of 11%, which is suitable for the current bear cycle.