Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

First Trust MLP and Energy Income Fund Declares its Initial Monthly Common Share Distributions of $0.1083 Per Share for February, March and April

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/10/2013 | 10:25pm CET

First Trust MLP and Energy Income Fund (the "Fund") (NYSE: FEI) has declared the Fund's initial regularly scheduled monthly common share distributions for February, March and April each in the amount of $0.1083 per share.

   

February

   

March

   

April

Payable Date: 02/15/13 03/15/13 04/15/13
Record Date: 02/05/13 03/05/13 04/03/13
Expected Ex-Dividend Date: 02/01/13 03/01/13 04/01/13
 

The monthly distribution information for the Fund appears below.

First Trust MLP and Energy Income Fund (FEI):

 
Distribution per share: $0.1083
Distribution Rate based on the January 9, 2013 NAV of $19.67: 6.61%
Distribution Rate based on the January 9, 2013 closing market price of $20.26: 6.41%
Distribution Rate based on the initial offer price of $20.00: 6.50%
 

It is anticipated that, due to the tax treatment of cash distributions made by master limited partnerships ("MLPs") in which the Fund invests, a significant portion of distributions the Fund makes to Common Shareholders may consist of a tax-deferred return of capital. The final determination of the source and tax status of all distributions paid in 2013 will be made after the end of 2013.

The Fund is a non-diversified, closed-end management investment company that seeks to provide a high level of total return with an emphasis on current distributions paid to common shareholders. The Fund will seek to provide its common shareholders with a vehicle to invest in a portfolio of cash-generating securities, with a focus on investing in publicly traded master limited partnerships ("MLPs") and MLP-related entities in the energy sector and energy utilities industries. Under normal market conditions, the Fund will invest at least 85% of its Managed Assets in equity and debt securities of MLPs, MLP-related entities and other energy sector and energy utilities companies. To generate additional income, the Fund currently expects to write (or sell) covered call options on up to 35% of its Managed Assets.

First Trust Advisors L.P., the Fund's investment advisor, along with its affiliate First Trust Portfolios L.P., are privately-held companies which provide a variety of investment services, including asset management and financial advisory services, with collective assets under management or supervision of approximately $63 billion as of December 31, 2012 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.

Energy Income Partners, LLC ("EIP") serves as the Fund's investment sub-advisor and provides advisory services to a number of investment companies and partnerships for the purpose of investing in MLPs and other energy infrastructure securities. EIP is one of the early investment advisors specializing in this area. As of November 30, 2012, EIP managed or supervised approximately $2.8 billion in client assets.

Past performance is no assurance of future results. Investment return and market value of an investment in the Fund will fluctuate. Shares, when sold, may be worth more or less than their original cost.

Principal Risk Factors: Investment in this Fund involves No Operating History Prior to November 2012, Investment and Market Risk, Market Discount from Net Asset Value, Management Risk and Reliance on Key Personnel, Potential Conflicts of Interest Risk, Investment Concentration Risk, Commodity Pricing Risk, Supply and Demand Risk, Depletion and Exploration Risk, Regulatory Risk, Interest Rate Risk, Acquisition or Reinvestment Risk, Affiliated Party Risk, Catastrophe Risk, Terrorism/Market disruption Risk, MLP Risks, Industry Specific Risk, Cash Flow Risk, MLP and Deferred Tax Risk, Tax Law Change Risk, Non-U.S. Securities Risk, Delay in Investing the Proceeds, Equity Securities Risk, Canadian Income Equities Risk, Debt Securities Risk, Below Investment Grade Securities Risk, Leverage Risk, Derivatives Risk, Covered Call Options Risk, Portfolio Turnover Risk, Competition Risk, Restricted Securities Risk, Liquidity Risk, Valuation Risk, Non-Diversification, Anti-Takeover Provisions, Inflation Risk, Certain Affiliations, Secondary Market for the Fund's common Shares. The risks of investing in the Fund are spelled out in the prospectus, shareholder reports and other regulatory filings.

The Fund's daily closing New York Stock Exchange price and net asset value per share as well as other information can be found at www.ftportfolios.com or by calling 1-800-988-5891.

First Trust MLP and Energy Income Fund
Press Inquiries: Jane Doyle, 630-765-8775
Analyst Inquiries: Jeff Margolin, 630-915-6784
Broker Inquiries: Jeff Margolin, 630-915-6784


© Business Wire 2013
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
Date Title
08:35p ROADRUNNER TRANSPORTATION SYSTEMS INC : SHAREHOLDER UPDATE: Brodsky & Smith, LLC Announces an Investigation of the Board of Directors of Roadrunner Transportation Systems, Inc. (RRTS)
08:34p VOLKSWAGEN : VW makes $5.4 billion profit in 2016, limits executive pay
08:33p AAUP AMERICAN ASSOCIATION OF UNIVERSITY PROFESSO : Political Litmus Tests Have No Place in Higher Ed
08:33p KALIBRATE TECHNOLOGIES : Certas Energy Expands Use Of Kalibrate Pricing Cloud In European Fuel-Retail Market
08:33p KALIBRATE TECHNOLOGIES : BP Choose Kalibrate’s Strategic Location Solutions
08:33p KALIBRATE TECHNOLOGIES : Top 5 Fuel and Convenience Retailer Renews Commitment to Kalibrate Pricing Solutions
08:33p KALIBRATE TECHNOLOGIES : Positions Fuel Retailer for Success through India’s Market Deregulation
08:33p KALIBRATE TECHNOLOGIES : EFR-Group Selects Kalibrate as Strategic Location Solution Partner
08:33p KALIBRATE TECHNOLOGIES : ST1 Nordic Fuel Retail Networks Expand Use of Kalibrate’s Pricing Cloud
08:33p KALIBRATE TECHNOLOGIES : selected to support Morrisons Petrol Pricing commitments through the Pricing Cloud
Latest news
Advertisement
Hot News 
-4.87%Baidu posts bleak fourth quarter, but sees business reshuffle driving 2017 growth
-3.94%VIVENDI : Shares Hit Hard by Fall in Profit -- 2nd Update
-5.77%Property website Rightmove generates fewer client leads in 2016
-7.42%Canada's MacDonald Dettwiler to buy satellite imagery firm DigitalGlobe
-4.52%J.C. Penney holiday quarter sales drop, to shut 130-140 stores
Most Read News
02:58a SAMSUNG ELECTRONICS : tightens donation rules; report says two group executives offer to quit
02/23 Exclusive - Trump says Republican border tax could boost U.S. jobs
08:33a GM DEMANDS NON-COMPETE CLAUSES IN RETURN FOR OPEL PATENTS : Spiegel
02/23 Safran rejects TCI Fund Management's criticism of Zodiac Aero bid
12:06a TOSHIBA : says it is considering sale of majority stake in chip unit
Most recommended articles
02/23DJVIVENDI : Full-Year Earnings Beat Estimates
01:49p HUSKY ENERGY : Canada's Husky Energy posts fourth quarter profit, partly on asset sales
01:48p CUMULUS MEDIA : refinancing plan rejected by U.S. judge
01:41p GLENCORE : No end in sight to strike at Noranda zinc plant in Quebec
01:41p VOLKSWAGEN : VW eyes stable 2017 earnings after underlying profit hits record