First Trust Tax-Advantaged Preferred Income Fund

As of June 30, 2009 First Trust Tax-Advantaged Preferred Income Fund has gone out of business. First Trust Tax-Advantaged Preferred Income Fund is a close ended fixed income mutual fund launched and managed by First Trust Advisors L.P. The fund is also co-managed by Stonebridge Advisors LLC. It invests in the fixed income markets of the United States. The fund primarily invests in preferred stocks of companies operating across diversified sectors. It benchmarks the performance of its portfolio against the S&P Preferred Index and a blended benchmark comprising of 50% Merrill Lynch Preferred Stock DRD Eligible Index, 27% Merrill Lynch Preferred Stock Adjustable Rate Index, 15% Merrill Lynch Preferred Stock American Depository Shares Index, and 8% Scotia Capital Canada Income Trust Total Return Index. First Trust Tax-Advantaged Preferred Income Fund was formed on June 20, 2006 and is domiciled in the United States.