First Trust Senior Floating Rate 2022 Target Term Fund
FIV
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- James M. Dykas
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Boston MA United States of America 60187
- IPO Date
- Dec 22, 2016
- CIK
- 0001687081
- Website
- ftportfolios.com
- Similar Companies
- Business
- First Trust Senior Floating Rate 2022 Target Term Fund (NYSE: FIV) is a closed-end fund that seeks a high level of current income with capital preservation as a secondary objective by investing primarily in senior floating-rate loans and other floating-rate debt instruments; the portfolio targets return of principal and capital at the fund's termination date through active management of investments in senior loans to U.S. and non-U.S. borrowers across diverse industries, including below-investment-grade securities. The fund offers monthly distributions to shareholders derived from net investment income and other sources. Managed by First Trust Advisors L.P. and launched in 2019 with headquarters in Wheaton, Illinois, the fund operates globally with a focus on senior secured loans from corporate issuers in North America and select international markets. The fund completed its termination and liquidation process in late 2021 or early 2022, ahead of its original 2022 target term, following board approval of early liquidation on September 14, 2021, and formal announcement on December 16, 2021; this strategic decision included a waiver of the management fee during the wind-down period to benefit shareholders. No active trading or new investments occur post-termination, with all positions liquidated and proceeds distributed to shareholders based on net asset value.