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Article: First Trust/Four Corners Senior Floating Rate Income Fund Declares Monthly Common Share Distribution for October of $0.1023 Per Share.
- Article from:
- Business Wire
- Article date:
- September 20, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LISLE, Ill. -- First Trust/Four Corners Senior Floating Rate Income Fund (the "Fund") (AMEX:FCM) has declared the Fund's regularly scheduled monthly common share distribution, payable on October 15, 2007 to shareholders of record on October 3, 2007. The ex-dividend date is expected to be October 1, 2007. The monthly distribution information for the Fund appears below.
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The decrease in the monthly distribution is due in part to senior loan spreads narrowing in the first half of 2007, which have had the effect of decreasing the fund's earnings over time as the senior loan coupon rates reset. Additionally, earnings have been affected by the ...