First Trust High Yld Oprtnts 2027 Trm Fd (N:FTHY)
Business Focus: Closed End Funds
| Sector: Financials | Industry: Closed End Funds |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 120 East Liberty Drive, Suite 400 WHEATON IL 60187 |
| Tel: | N/A |
| Website: | N/A |
| IR: | N/A |
| Key People | ||
| James M. Dykas President, Chief Executive Officer | Derek D. Maltbie Chief Financial Officer, Chief Accounting Officer, Treasurer | Kristi A. Maher Chief Compliance Officer, Assistant Secretary |
| Daniel J. Lindquist Vice President | W. Scott Jardine Secretary, Chief Legal Officer | |
| Business Overview |
| First Trust High Yield Opportunities 2027 Term Fund (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide current income. Under normal market conditions, the Fund seeks to achieve its investment objective by investing at least 80% of its managed assets in high yield debt securities of any maturity that are rated below investment grade at the time of purchase or unrated securities. Its high yield debt securities include United States (U.S.) and non-U.S. corporate debt obligations and senior secured floating rate loans (Senior Loans). The Fund may invest no more than 25% of its managed assets in any single industry in the corporate debt market. The Fund invests in various industries, such as aerospace and defense, commercial printing, application software, cable and satellite, electric utilities, automobile manufacturers, building products, and apparel retail. The Fund's investment advisor is First Trust Advisors L.P. |
| Financial Overview |
| For the six months ended 30 November 2023, First Trust High Yld Oprtnts 2027 Trm Fd revenues decreased 6% to $25.8M. Net income totaled $35.6M vs. loss of $26.7M. Revenues reflect Other decrease of 20% to $23K. Net Income reflects Investments decrease of 75% to $13.6M (expense), Net change in unrealized appreciation (d increase from $9.8M to $33.2M (income), Listing expense decrease of 27% to $18K (expense). |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $660.25M as of Nov 30, 2023 |
| Annual revenue (TTM): | $50.00M as of Nov 30, 2023 |
| EBITDA (TTM): | $31.71M as of Nov 30, 2023 |
| Net annual income (TTM): | $42.73M as of Nov 30, 2023 |
| Free cash flow (TTM): | -$4.09M as of Nov 30, 2023 |
| Net Debt Last Fiscal Year: | $136.97M as of Nov 30, 2023 |
| Shares outstanding: | 36,772,989 as of Nov 30, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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