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First Trust Senior Floating Rate Income Fund II of Beneficial Interest
2024-04-14 09:15:00 ET
Summary
The latest inflation report may hinder the possibility of the Fed cutting rates in June, prompting income investors to hold on to floating rate income vehicles.
The First Trust Senior Floating Rate Income Fund II is a closed-end fund that focuses on senior secured floating-rate corporate loans.
The FCT CEF offers a high dividend yield of 11.30% and has outperformed the CEF debt industry on a price and total return basis.
With the latest inflation report putting up an obstacle to the idea of the Fed cutting rates in June, income investors may want to hang onto their floating rate income vehicles longer....