First Trust Senior Floating Rate 2022 Target Term Fund has decreased its regularly scheduled monthly common share distribution to $0.0103 per share from $0.0128 per share. The distribution will be payable on May 17, 2021, to shareholders of record as of May 4, 2021. The ex-dividend date is expected to be May 3, 2021. The monthly distribution information for the Fund appears below: Distribution per share: $0.0103, Distribution Rate based on the April 19, 2021 NAV of $9.63: 1.28%. Distribution Rate based on the April 19, 2021 closing market price of $9.44: 1.31% and Decrease from previous distribution of $0.0128: 19.53% .