WHEATON, Ill. -- (Business Wire)
First Trust Strategic High Income Fund II (the "Fund") (NYSE: FHY) has
declared the Fund’s regularly scheduled monthly common share
distribution payable on October 15, 2012 to shareholders of record as of
October 3, 2012. The ex-dividend date is expected to be October 1, 2012.
The monthly distribution information for the Fund appears below.
First Trust Strategic High Income Fund II
Distribution per share:
Distribution Rate based on the September 19, 2012 NAV of $17.20:
Distribution Rate based on the September 19, 2012 closing market
price of $17.60:
The majority, and possibly all, of this distribution will be paid out of
net investment income earned by the Fund. A portion of this distribution
may come from net short-term realized capital gains or return of
capital. The final determination of the source of tax status of all 2012
distributions will be made after the end of 2012.
The Fund is a diversified, closed-end management investment company that
seeks to provide a high level of current income. As a secondary
objective, the Fund seeks to provide capital growth. The Fund pursues
these investment objectives by investing up to 100% of its managed
assets in a diversified portfolio of below-investment grade and
investment grade debt securities and equity securities that the
investment sub-advisor believes offer attractive yield and/or capital
First Trust Advisors L.P., the Fund’s investment advisor, along with its
affiliate First Trust Portfolios L.P., are privately-held companies
which provide a variety of investment services, including asset
management and financial advisory services, with collective assets under
management or supervision of approximately $58 billion as of August 31,
2012 through unit investment trusts, exchange-traded funds, closed-end
funds, mutual funds and separate managed accounts.
Brookfield Investment Management Inc. (“Brookfield”) serves as the
Fund’s Sub-Advisor. Brookfield is a wholly-owned subsidiary of
Brookfield Asset Management, a global alternative asset manager with
approximately $150 billion in assets under management as of June 30,
2012. Brookfield Asset Management has over a 100-year history of owning
and operating assets with a focus on property, renewable power,
infrastructure and private equity and also offers a range of public and
private investment products and services. On behalf of its clients,
Brookfield Asset Management is also an active investor in the public
securities markets. The public market activities of Brookfield, an
SEC-registered investment advisor, complement the firm’s core
competencies as a direct investor. These activities encompass global
listed real estate and infrastructure equities, corporate high-yield
investments, opportunistic credit strategies and a dedicated insurance
asset management division. Headquartered in New York, NY, Brookfield
maintains offices and investment teams in Toronto, Chicago, Boston and
Past performance is no assurance of future results. Investment return
and market value of an investment in the Fund will fluctuate. Shares,
when sold, may be worth more or less than their original cost.
Principal Risk Factors: Investment in this Fund involves investment and
market risk, management risk, value investing risk, below-investment
grade securities risk, fixed-income securities risk, mortgage-backed
securities risk, asset-backed securities risk, convertible securities
risk, municipal securities risk, non-U.S. securities risk, non-U.S.
government securities risk, equity securities risk, currency risk,
distressed securities risk, preferred stock risk, inflation/deflation
risk, market discount risk, leverage risk, derivatives risk, market
disruption risk, portfolio turnover risk, and illiquid/restricted
securities risk. The risks of investing in the Fund are spelled out in
the prospectus, shareholder reports and other regulatory filings.
The Fund’s daily closing New York Stock Exchange price and net asset
value per share as well as other information can be found at www.ftportfolios.com
or by calling 1-800-988-5891.
First Trust Strategic High Income Fund II
Press Inquiries: Jane
Analyst Inquiries: Jeff Margolin, 630-915-6784
Inquiries: Jeff Margolin, 630-915-6784
Source: First Trust Strategic High Income Fund II
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