First Trust/Four Corners Senior Floating Rate Income Fund Announces Expected Amount of Per Share Liquidating Distribution
September 20 2010 - 5:33PM
Business Wire
First Trust/Four Corners Senior Floating Rate Income Fund (NYSE
Amex: FCM), a diversified closed-end management investment company
(“FCM” or the “Fund”), announced today that pursuant to the Plan of
Termination, Liquidation and Dissolution (the “Plan”) announced by
the Fund on July 22, 2010, the Fund will make a first and final
liquidating distribution currently expected to be $13.6693 per
share to be paid entirely in cash to holders of record of shares of
the Fund at the close of business on September 30, 2010 (the
“Record Date”). Shares of FCM shall cease trading on the NYSE Amex
at the close of trading on the Record Date. The final liquidating
distribution is expected to be 100% return of capital, however, the
final determination of the source and tax status of this and all
other distributions paid in 2010 will be made after the end of
fiscal year 2010.
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