FTHY News and Press, First Trust High Yield Opportunities 2027 Term Fund From 02/16/23

Summary FTHY is trading at an attractive discount and looks like a candidate, with the Fed slowing the pace of interest rate increases. These interest rate increases might even be near an end, with the latest 25 basis points expected to be one of the last. This fund's distribution y...

Summary Term funds have a few topics making them different that I hope to clear up with today's overview. Term funds can benefit shareholders as NAV is realized one way or another. Given that almost all publicly traded CEFs launched after 2018 are term funds, you likely hold some of...

First Trust High Yield Opportunities 2027 Term Fund (the "Fund") (NYSE: FTHY) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.1269 per share payable on February 27, 2023, to shareholders of record as of February 2, 2023. The ex-dividend dat...

First Trust High Yield Opportunities 2027 Term Fund (the "Fund") (NYSE: FTHY) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.1269 per share payable on December 27, 2022, to shareholders of record as of December 2, 2022. The ex-di...

First Trust Advisors L.P. ("FTA") announced today that its Leveraged Finance Investment Team, portfolio manager for the First Trust Senior Floating Rate Income Fund II (NYSE: FCT) and First Trust High Yield Opportunities 2027 Term Fund (NYSE: FTHY) (each a "Fund" or collectively, the "F...

Summary HYT has announced its rights offering results. Subscribers received a slim discount to the market price. Undersubscription plus 1-for-5 offer meant that NAV/share dilution is minimal. Author's note: This article was released to CEF/ETF Income Laboratory mem...

Summary FTHY continues to trade at an attractively deep discount, reaching near its widest discount since it launched. The fund is expected to liquidate in 2027; this should reduce as we get closer though we still have quite a bit of time. Rising rates and credit risks have pu...

Summary EVG looked like a better deal earlier this year, but the discount has narrowed. That pushes me to be more cautious overall because the valuation isn't attractive enough to compensate for risks. If you are already holding this fund, it doesn't appear overvalued, but a c...

Summary 1 out of 23 CEF sectors positive on price and 1 out of 23 sectors positive on NAV last week. MLPs lead while commodities lag. MLPs are the most discounted CEF sector. Author’s note: This article was released to CEF/ETF Income Laboratory members on Au...

Summary 20 out of 23 CEF sectors positive on price and 16 out of 23 sectors positive on NAV last week. OPP rights offering announced. Aberdeen (now "abrdn") and Delaware CEFs are merging, subject to shareholder approval. Author's note: This article was released to CEF/...