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 16, 2024, to shareholders of record as of December 2, 2024. The ex-dividend date is expected to be December 2, 2024. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT): Distributio.
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.
System is aimed at the hospital and outpatient market and incorporates features to improve image quality and workflow, and reduce patient dose System is aimed at the hospital and outpatient market and incorporates features to improve image quality and workflow, and reduce patient dose
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.