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

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
React to this article
Latest news
Date Title
03:14p Studies from Dongguk University Have Provided New Data on Obesity (The effects of co-administration of probiotics with herbal medicine on obesity,...
03:14p SYSTEM RESEARCH : Investigators from University of Texas Report New Data on Neurobiology (The ever-changing electrical synapse)
03:14p LIVING CELL TECHNOLOGIES : Appendix 4C Quarterly Report
03:14p PDG REALTY EMPREEND E PARTICIPACOES : Notice to the Market*
03:14p BLACKBERRY : Launches the blackberry classic in australia
03:13p SYSTEM RESEARCH : Reports from Stanford University Highlight Recent Findings in Neurobiology
03:13p SYSTEM RESEARCH : Reports from University of California Advance Knowledge in Neuroscience (A learning-based approach to artificial sensory feedback leads to optimal...
03:13p SYSTEM RESEARCH : Research Data from Ohio State University Update Understanding of Neuroscience (Gestational stress induces persistent depressive-like behavior and...
03:13p ARRAY BIOPHARMA : Announces Agreement To Acquire ENCORAFENIB LGX818
03:13p Study Results from Chiba University in the Area of Olfactory Pathways Reported (Expression and Localization of Type II Diacylglycerol Kinase Isozymes...
Latest news
Advertisement
Hot News 
BERKELEY MINERAL RESOURCES : Obsidian IR
GROUPE STERIA : Sopra Steria and CEA sign a technology transfer partnership in the cyber security field
SONGBIRD ESTATES : Reluctantly Recommends QIA-Brookfield Takeover Offer
DATA MODUL : eDM-pITX-BT – industrial Pico-ITX SBC based on latest Intel® Atom™ E3815/ J1900 processors
ACTIVE ENERGY : Shares Soar As It Gets Offers For KAQUO Joint Venture
Most Read News
02:49p U.S. stocks dip, dollar higher after Fed statement
01/27 BIOSOLAR : Plans to Lower the Cost of Solar Power With Energy Storage Technology
01/27 BOMBARDIER EXPECTS NEW ORDERS AFTER CHINA HIGH-SPEED TRAIN SAFETY CLEARANCE : executive
08:13a EXELIS : Aerospace company signs Navy contract
01/27DJON-DEMAND WORKERS : 'We Are Not Robots'
Most recommended articles
03:13pDJMARKET SNAPSHOT : U.S. Stocks Stumble After Fed Statement
03:06p Fed to remain 'patient,' expects inflation to rise in 'medium term'
03:00p Fiat Chrysler meets full year profit guidance
02:59p Fed to extend reverse repo tests through end of Q1
02:59pDJS&P Near Settlement Of Crisis-Era Suits -- Update
Dynamic quotes  
ON
| OFF