Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

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

01/10/2013 | 04:25pm US/Eastern
Recommend:
0

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
Recommend :
0
React to this article
Latest news
Date Title
8m ago THE MEDICINES COMPANY 96 HOUR DEADLINE ALERT : Approximately 96 Hours Remain; Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors of Deadline in Securities Class Action Lawsuit Against the Medicines Company - MDCO
13m ago INTERCEPT PHARMACEUTICALS : 96 HOUR DEADLINE ALERT: Approximately 96 Hours Remain; Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors of Deadline in Securities Class Action Lawsuit Against Pharmaceuticals, Inc. - ICPT
17m ago Captain of sunken South Korean ferry arrested
17m ago First bodies found within cabins of S. Korean sunken ferry
19m ago BP : FERC Issues Letter Order Accepting Southern Star Central Gas Pipeline, Inc.'s 3/25/14 Filing of Tariff Records to Reflect a Non-conforming Negotiated...
19m ago BP : FERC Issues Letter Order Accepting Gulf Crossing Pipeline Company LLC's 4/1/14 Filing of a Revised Tariff Record to Amend the Negotiated Rate Firm...
22m ago LI SHUFU : Volvo is back on track after first couple of years of marriage with Geely
22m ago VOLVO B : Chinese President Xi Jinping visits Volvo Cars plant in Ghent
42m ago BOEING : to give California workers $47M in back pay
49m ago PG&E6CPREF : FERC Issues Order Approving Extension of Time re Pacific Gas and Electric Company Under P-1962
Latest news
Advertisement
Hot News 
HAVELOCK EUROPA : Preliminary Results to 31 December 2013
LDK SOLAR : Provides Additional Information on its Request for Review of NYSE Regulation's Decision to Suspend Trading and Commence Delisting Procedures
HAYNES PUBLISHING : Third Quarter Hit By Us Inventory Returns, Weak UK
SPACEANDPEOPLE : Shares Slide As It Lowers 2014 Forecast
BLUR : Shares In Blur Group Plummet Due To Delayed Revenue Recognition
Most Read News
4h ago OAK VALLEY BANCORP NDA : : Reports 1st Quarter Results
4h ago ON THE WEB THEGUARDIAN.COM/SPORT : Premier League today Follow Spurs v Fulham from 12.45pm then Chelsea against Sunderland from 5.30pm Premier League tomorrow Keep up to date with Norwich v Liverpool, Hull v Arsenal and Everton v Manchester United La Liga Live coverage as Barcelona take on Athletic Bilbao from 8pm
4h ago REVLON : Olivia Wilde Is One Hot Mama in Maiyet
3h ago MADISON SQUARE GARDEN : Lundqvist's name all over Rangers record book, now star goalie wants name on Stanley Cup
4h ago KANSAS CITY SOUTHERN : SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Kansas City Southern - KSU
Most recommended articles
1d ago U.S. shares seen opening lower as tech giants stumble
1d ago Financials bolster FTSE after reassuring U.S. earnings
1d ago BLACKSTONE : earnings rise 30 percent, boosted by private equity gains
1h ago AMR loses bid to terminate retiree benefits
3h ago Mt. Gox suitors seek support to save bitcoin exchange
Dynamic quotes  
ON
| OFF