The First Trust SSI Strategic Convertible Securities ETF (FCVT) is set to pay $0.045 a share for October, after nine straight months at the same rate, according to First Trust Advisors L.P.
First Trust’s distribution calendar lists Oct. 21 for both the record date and the expected ex-dividend date. Convertible securities from U.S. and non-U.S. issuers must make up at least 80% of FCVT’s net assets under normal market conditions. The diversified portfolio is actively managed, with total return as its objective.
The October payment is currently classified as ordinary income per share. The fund will determine the final tax treatment for 2026 after year-end; the classification may include short-term gains realized by the fund or a return of capital.
Shareholders are scheduled to receive the distribution on Oct. 30.
