FMP
First Trust Senior Floating Rate 2022 Target Term Fund
FIV
NYSE
Inactive Equity
First Trust Senior Floating Rate 2022 Target Term Fund (the Fund) is a diversified, closed-end management investment company. The Fund's investment objectives are to seek a high level of current income and to return $9.85 per common share of beneficial interest of the Fund (the original net asset value) per common share before deducting offering costs of $0.02 per common share to holders of common shares on or about February 1, 2022. The Fund focuses on investing approximately 80% of its Managed Assets in a portfolio of senior secured floating-rate loans (senior loans) of any maturity. Trust Advisors L.P. is the investment advisor of the Fund.
9.73 USD
0 (0%)
EBIT (Operating profit)(Operating income)(Operating earning) = GROSS MARGIN (REVENUE - COGS) - OPERATING EXPENSES (R&D, RENT) EBIT = (1*) (2*) -> operating process (leverage -> interest -> EBT -> tax -> net Income) EBITDA = GROSS MARGIN (REVENUE - COGS) - OPERATING EXPENSES (R&D, RENT) + Depreciation + amortization EBITA = (1*) (2*) (3*) (4*) company's CURRENT operating profitability (i.e., how much profit it makes with its present assets and its operations on the products it produces and sells, as well as providing a proxy for cash flow) -> performance of a company (1*) discounting the effects of interest payments from different forms of financing (by ignoring interest payments), (2*) political jurisdictions (by ignoring tax), collections of assets (by ignoring depreciation of assets), and different takeover histories (by ignoring amortization often stemming from goodwill) (3*) collections of assets (by ignoring depreciation of assets) (4*) different takeover histories (by ignoring amortization often stemming from goodwill)
