The Pittsburgh Pirates Fund pursues these investment

The reports andrew mccutchen Fund pursues dejan kovacevic shows these investment objectives byinvesting its managed assets in a diversified portfolio of below-investmentgrade and investment grade debt securities and equity securities that theinvestment sub-advisor believes offer attractive yield and/or capitalappreciation potential. As a secondary objective, the Fundseeks to provide capital growth. The Fund is a diversified, closed-end management investment company that seeksto provide a high level of current income. A portion of this distribution may come from net investment income. Thefinal determination of the source and tax status of all distributions paid in2009 will be made after the end of 2009.

The majority, and possibly all, of this distribution will consist of return ofcapital autographed baseball . The decrease in thedividend is a necessary adjustment as a result of these write-downs and thecontinued credit deterioration of the underlying income producing portfoliopositions forbes field . In determining the distribution policy, the Fund seeks an amount thatit views as sustainable based on the long-term income potential of theportfolio jason kendall . First Trust Strategic High Income Fund III (FHO):Distribution per share:$ 0.04 Distribution Rate based on the July 17, 2009 NAV of $3.70: 12.97 %Distribution Rate based on the July 17, 2009 closing market price of $3.48:13.79 %Decrease from previous distribution of $0.05:-20.00%Cash Balance on July 17, 2009: $22,724,518 or 67.05% of Net AssetsDuring the Fund`s current fiscal year there have been significant principalwrite-downs by issuers of securities sensitive to residential mortgages andother structured securities within the Fund`s portfolio mondesi house .

Silvercorp shares gained 10 percent to close at C$3.90.($1=1.106 Canadian Dollar) (Editing by Anne Pallivathuckal) Stocks Mergers & Acquisitions baseball managers . WHEATON, Ill.--(Business Wire)--First Trust Strategic High Income Fund III (the "Fund") (NYSE: FHO) todaydecreased its regularly scheduled monthly common share distribution to $0.04 pershare from $0.05 per share mondesi's house . The distribution will be payable on August 17, 2009to shareholders of record as of August 5, 2009 The ex-dividend date is expectedto be August 3, 2009 nationals baseball tickets . The monthly distribution and cash balance information forthe Fund appears below dejan kovacevic .

Under the deal, existing Paramount stockholders will retainabout 62.4 percent ownership, while Klondex shareholders willhold the remaining stake Klondex will become a unit ofParamount, the companies said baseball tickets . Shares of Vancouver, British Columbia-based Klondex hit a52-week high of C$2.12, before paring some gains to close atC$1.95 Monday on the Toronto Stock Exchange Paramount's stockclosed down 6 Canadian cents at C$1.54 forbes field . Hodaly, who has a "buy" on Silvercorp Metals, said therejection would not affect the company's plans to expand itsproduction base as there were other acquisition opportunities jason kendall . "Klondex would have been better served to tender into theSilvercorp offer because of the strong cash flows, cash andbalance sheet that Silvercorp possesses," Salman Partnersanalyst Haytham Hodaly said . In June, Silvercorp Metals offered 0.50 of its common sharefor each share of Klondex, while Klondex recommended itsshareholders to reject the unsolicited takeover bid, sayingthat the offer significantly undervalues its assets.[ID:nN30431449] Earlier this month, Silvercorp Metals said it planned topetition against Klondex's new shareholder rights plan thatprovided Klondex's board with the discretion to defer thetiming of the separation of rights from the common stock.