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Article: First Trust Specialty Finance and Financial Opportunities Fund (formerly known as First Trust/Gallatin Specialty Finance and Financial Opportunities Fund) Decreases its Quarterly Distribution to $0.185 Per Share.
- Article from:
- Business Wire
- Article date:
- February 10, 2009
CopyrightCOPYRIGHT 2009 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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WHEATON, Ill. -- First Trust Specialty Finance and Financial Opportunities Fund (the "Fund") (NYSE: FGB) today declared the Fund's regularly scheduled quarterly distribution of $0.185 per share, payable on February 27, 2009 to shareholders of record on February 20, 2009. The ex-dividend date is expected to be February 18, 2009. The distribution represents a decrease from the previous quarterly distribution of $0.25 per share.
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As the turmoil in the financial marketplace continues, additional securities within FGB's portfolio have decreased their dividends. These decreases require a reduction in FGB's quarterly distribution in order to ...