FCT Stock Recent News

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.

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.

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.

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.

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.

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 April 15, 2025, to shareholders of record as of April 1, 2025. The ex-dividend date is expected to be April 1, 2025. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT):               Distribution per sha.

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, 2024, to shareholders of record as of October 1, 2024. The ex-dividend date is expected to be October 1, 2024. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT): Distribution per share: $0.0.

24/7 Wall Street Insights Closed-End Mutual Funds (CEF) trade like stocks but provide comparable performance to their Open-End Mutual Fund cousins and may have additional advantages.

The First Trust Senior Floating Rate Income Fund II has performed well due to its floating rate collateral in a rising interest rate environment. However, with anticipated Fed rate cuts, the fund's performance is expected to slow down as floating rate assets become less attractive. The fund's historical performance in low interest rate environments is not impressive.

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