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Article: First Trust/Four Corners Senior Floating Rate Income Fund Declares Monthly Common Share Distribution for April of $0.09 Per Share.
- Article from:
- Business Wire
- Article date:
- March 20, 2008
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Copyright informationCOPYRIGHT 2008 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 April 15, 2008 to shareholders of record on April 3, 2008. The ex-dividend date is expected to be April 1, 2008. The monthly distribution information for the Fund appears below.
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The decrease in this month's distribution is primarily the result of recent Federal Reserve interest rate decreases, which have impacted the Fund's earnings as the coupon rates on the senior floating rate loans the Fund invests in have reset to lower levels.
The majority, and possibly all, ...
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