WHEATON, Ill.--(BUSINESS WIRE)--
First Trust High Income Long/Short Fund (the "Fund") (NYSE: FSD) has
declared the Fund’s regularly scheduled monthly common share
distribution payable on July 16, 2012 to shareholders of record as of
July 5, 2012. The ex-dividend date is expected to be July 2, 2012. The
monthly distribution information for the Fund appears below.
First Trust High Income Long/Short Fund
(FSD): |
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|
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Distribution per share:
| | | | | $0.1335 |
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Distribution Rate based on the June 19, 2012 NAV of $17.85:
| | | | |
8.97%
|
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Distribution Rate based on the June 19, 2012 closing market price of
$17.65:
| | | | |
9.08%
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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 and 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 current income. The Fund has a secondary objective of
capital appreciation. The Fund will seek to achieve its investment
objectives by investing, under normal market conditions, a majority of
its assets in a diversified portfolio of U.S. and foreign (including
emerging markets) high yield corporate fixed-income securities of
varying maturities that are rated below-investment grade at the time of
purchase.
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 $53 billion as of May 31,
2012 through unit investment trusts, exchange-traded funds, closed-end
funds, mutual funds and separate managed accounts.
MacKay Shields LLC (“MacKay”) serves as the Fund’s investment
sub-advisor. MacKay is an indirect wholly-owned subsidiary of New York
Life Insurance Company and a wholly-owned subsidiary of New York Life
Investment Management Holdings LLC. MacKay is a multi product investment
management firm with approximately $64.8 billion in assets under
management as of March 31, 2012. MacKay manages a number of fixed income
strategies for institutional clients and retail mutual funds, including:
high yield, high yield active core, core plus, global fixed income,
municipal and investment grade. MacKay also manages convertible
strategies.
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, Current Economic Conditions – Credit
Crisis Liquidity and Volatility Risk, Fixed-Income Securities Risk,
Issuer Risk, Interest Rate Risk, Prepayment Risk, Reinvestment Risk,
Credit and Below-Investment Grade Securities Risk, Short Selling Risk,
Valuation Risk, Credit Rating Agency Risk, Non-U.S. Securities Risk,
Emerging Markets Risk, Currency Risk, Preferred Stock Risk, Credit
Linked Notes Risk, Loan Participations and Assignments Risk, Leverage
Risk, Derivatives Risk, Credit Default Swaps Risk, U.S. Government
Securities Risk, Non-U.S. Government Debt Securities Risk, Common Stock
Risk, REIT Risk, Asset-Backed, Mortgage Backed or Mortgage-Related
Securities Risk, Inflation/Deflation Risk, New Types of Securities Risk,
Counterparty and Prime Brokerage Risk, Government Intervention in
Financial Markets Risk, Portfolio Turnover Risk, Market Disruption and
Geopolitical Risk, Illiquid/Restricted Securities Risk, Reverse
Repurchase Agreements Risk, Repurchase Agreements Risk, Certain
Affiliations, Temporary Defensive Strategies Risk, and Secondary Market
for the Fund’s Common Shares. 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 High Income Long/Short Fund
Press Inquiries: Jane
Doyle, 630-765-8775
Analyst Inquiries: Jeff Margolin, 630-915-6784
Broker
Inquiries: Jeff Margolin, 630-915-6784
Source: First Trust Advisors L.P.
| Copyright: | Copyright Business Wire 2012 |
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