TORONTO, April 9, 2013 /CNW/ - On March 21, 2013, the Minister of Finance presented the federal government's 2013 budget. The budget proposed certain measures which are expected to affect the tax treatment of distributions paid to taxable unitholders of investment funds that utilize forward agreements to provide investors with exposure to an underlying reference portfolio.
Based on its review to date, FT Portfolios Canada Co., the manager, believes that these changes will not affect First Trust Advantaged Short Duration High Yield Bond Fund (TSX: FSD.UN) (the "Fund"), or the tax treatment of its distributions, until the expiration of the Fund's forward agreement in May 2016. The manager will provide additional detail to unitholders as it becomes available.
SOURCE First Trust Advantaged Short Duration High Yield Bond Fund