(Source: Business Wire)
First Trust Strategic High Income Fund III (the "Fund") (NYSE: FHO) has
declared the Fund's regularly scheduled monthly common share
distribution payable on October 15, 2009 to shareholders of record as of
October 5, 2009. The ex-dividend date is expected to be October 1, 2009.
The monthly distribution and cash balance information for the Fund
appears below.
First Trust Strategic High Income Fund III (FHO):
Distribution per share: $0.04
Distribution Rate based on the September 18, 2009 NAV of $3.83: 12.53%
Distribution Rate based on the September 18, 2009 closing market price of $3.73: 12.87%
Cash Balance on September 18, 2009: $299,871 or 0.86% of Net Assets
-------------------------------------------------------------------------------
The tax character of the Fund's fiscal year to date distributions,
including this distribution, will depend on the Fund's investment
experience during the remainder of its fiscal year. However, based on
information for the fiscal year to date it is likely that the Fund's
distributions will include a return of capital component for its current
fiscal year. The final determination of the source and tax status of all
distributions paid in 2009 will be made after the end of 2009.
The Fund is a diversified, closed-end management investment company that
seeks to provide a high level of current income. As a secondary
objective, the Fund seeks to provide capital growth.
