Declares Long-Term Capital Gain Distribution
First Trust Advisors, L.P.
Lisle, IL, December 12, 2006 -- First Trust Strategic High Income Fund (the "Fund") (NYSE: FHI) today announced a long-term capital gain distribution of $0.067 per share.
The distribution will be payable on December 29, 2006 to shareholders of record as of December 22, 2006. The ex-dividend date is expected to be December 20, 2006. The final determination of the source and tax status of all distributions paid in 2006 will be made after the end of 2006.
The Fund is a 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 at least 80% of its managed assets in a diversified portfolio of high income producing securities that the sub-adviser believes offer attractive yield and capital appreciation potential. The fund employs leverage.
First Trust Advisors L.P. acts as the Fund’s investment adviser and currently manages or supervises approximately $28 billion in assets.
Valhalla Capital Partners, LLC (“Valhalla”) is a boutique asset management firm focused on managing high-yield portfolios with an emphasis on structured finance securities. The three managing partners have 47 years combined industry experience and the investment team has an average of over 10
years experience in working with high-yield and structured finance securities. Valhalla currently manages approximately $400 million in assets.
View more information on First Trust Advisors, LP or other Closed-End Funds.
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