Home Logon FTA Investment Managers Blog Subscribe About Us Contact Us

Search by Ticker, Keyword or CUSIP       
 
 

Preferred Income Opportunity, 7 (Terminated)   Ticker: FRAYDX
 

 From Date: 
To Date: 

* All distributions are considered estimated until Record Date.
** Reinvestment price reflects the price at which distributions were reinvested and applies only to units purchased through the reinvestment CUSIP.
Record
Date *
Distribution
Date
Reinvest
Date
Reinvest
Price **
Reinvest
Interest
Principal
Distributions
(per unit)
Income Distributions (per unit)
Monthly Quarterly Semi-Annual Annual
11/10/17 11/25/17 11/22/17 $9.88980 N/A --- $0.01400 --- --- ---
12/10/17 12/25/17 12/21/17 $9.80460 N/A --- $0.04250 --- --- ---
12/29/17 01/09/18 01/05/18 $9.66230 N/A --- $0.05050 --- --- ---
01/10/18 01/25/18 01/23/18 $9.50800 N/A --- $0.04250 --- --- ---
02/10/18 02/25/18 02/22/18 $9.18280 N/A --- $0.04250 --- --- ---
03/10/18 03/25/18 03/22/18 $9.35000 N/A --- $0.04250 --- --- ---
04/10/18 04/25/18 04/23/18 $9.21120 N/A --- $0.04160 --- --- ---
05/10/18 05/25/18 05/23/18 $9.13090 N/A --- $0.04160 --- --- ---
06/10/18 06/25/18 06/21/18 $9.38660 N/A --- $0.04160 --- --- ---
07/10/18 07/25/18 07/23/18 $9.42690 N/A --- $0.04130 --- --- ---
08/10/18 08/25/18 08/23/18 $9.36190 N/A --- $0.04130 --- --- ---
09/10/18 09/25/18 09/21/18 $9.13260 N/A --- $0.04130 --- --- ---
10/10/18 10/25/18 10/23/18 $8.84610 N/A --- $0.04130 --- --- ---
11/10/18 11/25/18 11/21/18 $8.44210 N/A $0.19830 $0.04130 --- --- ---
12/10/18 12/25/18 12/21/18 $8.13680 N/A --- $0.04130 --- --- ---
01/31/19 02/04/19 N/A N/A N/A $8.83120 --- --- --- ---
      Sub-Totals:          
      2017 --- $0.05650 --- --- ---
      2018 $0.19830 $0.55060 --- --- ---
      2019 $8.83120 --- --- --- ---
      Totals:          
        $9.02950 $0.60710 --- --- ---

Final determination of the source and tax status of all distributions paid in the current year are to be made after year-end and distributed to your financial reporting institution, via the Trustee, during the 1st calendar quarter annually.

Risk Considerations

Sector Concentration Risk. A portfolio which is concentrated in an individual sector is subject to additional risks, including limited diversification.

Financials Risk. The companies engaged in the financials sector are subject to the adverse effects of volatile interest rates, economic recession, decreases in the availability of capital, increased competition from new entrants in the field, and potential increased regulation.

High-Yield or Junk Bonds Risk. Investing in high-yield securities or "junk" bonds should be viewed as speculative and you should review your ability to assume the risks associated with investments which utilize such securities. High-yield securities are subject to numerous risks, including higher interest rates, economic recession, deterioration of the junk bond market, possible downgrades and defaults of interest and/or principal. High-yield security prices tend to fluctuate more than higher rated securities and are affected by short-term credit developments to a greater degree.

Preferred Securities Risk. Preferred securities are equity securities of the issuing company which pay income in the form of dividends. Preferred securities are typically subordinated to bonds and other debt instruments in a company's capital structure, and therefore will be subject to greater credit risk than those debt instruments.

Operational Risk. As the use of Internet technology has become more prevalent in the course of business, the trust has become more susceptible to potential operational risks through breaches in cybersecurity.


Income distributions per unit will vary with changes in dividends received on the underlying securities and with changes in the trust's fees and expenses. Principal distributions per unit will be made only when the trust receives principal cash and will therefore vary. Both income and principal distributions may be affected by the sale of securities in the portfolio. Refer to the prospectus for a further discussion of the factors which could affect income and principal distributions.

This product information does not constitute an offer to sell, or a solicitation of an offer to buy securities in any state to any person to whom it is not lawful to make such an offer. Sales of any of these securities must include prospectus delivery and the services of a retail broker/dealer duly licensed in the appropriate states.

Not FDIC Insured, Not Bank Guaranteed and May Lose Value.

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by FactSet Research Systems Inc. and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, ©2024 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.

Fund Cusip Information
30305U300 (Cash)
30305U318 (Reinvest)
30305U326 (Cash-Fee)
30305U334 (Reinvest-Fee)
Printer Friendly Page Printer Friendly Page
 
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
Follow First Trust:  
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2024 All rights reserved.