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 CEST

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
12:40p BAKER HUGHES INC : Results of Operations and Financial Condition (form 8-K)
12:38p CHIHO TIANDE : Next Day Disclosure Return
12:38p NACCO INDUSTRIES : Announces Dates Of 2017 First Quarter Earnings Release And Conference Call
12:38p EXOVA : Form 8.5 (EPT/RI) Exova Group Plc
12:38p MIRAMAR HOTEL & INVESTMENT : Form of Proxy for Annual General Meeting (and at any adjournment thereof)
12:38p MIRAMAR HOTEL & INVESTMENT : General Mandates to Issue New Shares and to Buy Back Shares and Re-election of Directors
12:38p RAIFFEISEN BANK AVAL' : Shareholders of Raiffeisen Bank Aval approved the results of the bank’s performance in 2016
12:38p ABERDEEN ASSET MANAGEMENT : Form 8.5 (EPT/RI) Aberdeen Asset Management Plc
12:38p BOOKER : Form 8.5 (EPT/NON-RI) - BOOKER GROUP PLC
12:38p BARCLAYS : Form 8.5 (EPT/NON-RI) - BOOKER GROUP PLC
Latest news
Advertisement
Hot News 
11.95%LVMH's Arnault to take full control of Christian Dior
-6.45%WHITBREAD : Britain's Costa Coffee-owner Whitbread sees tougher times ahead
-3.67%TELEFONAKTIEBOLAGET LM ERICSSON : Ericsson Pushed to Hefty Loss by Write-Downs, Restructuring Costs
1.25%AKZO NOBEL : Dutch Economic Affairs minister says still opposed to Akzo Nobel takeover
4.26%LVMH : to Buy Christian Dior Couture for EUR6 Billion
Most Read News
04/24 Ahead of NAFTA talks, U.S. sets 20 percent duties on Canadian softwood lumber
01:29a TOSHIBA TO START TAKING BIDS IN JUNE FOR ITS SWISS UNIT LANDIS+GYR : Kyodo
02:35aDJLVMH : to Buy Christian Dior Couture for EUR6 Billion
01:40aDJNOVARTIS : 1Q Net Income Down 17%, Hurt by Drug Failure
01:19aDJSAP : 1Q Net Profit EUR521 Million, Revenue EUR5.3 Billion
Most recommended articles
04/21 TWENTY FIRST CENTURY FOX : Government extends period for regulators to report on Sky-Fox merger
06:38aDJHefty Stocks Keep Oil Price Near April Low
06:32a LVMH's Arnault to take full control of Christian Dior
06:29a BERNARD ARNAULT : LVMH's Arnault to take full control of Christian Dior
06:27aDJSINGAPORE PRESS : Buys Local Health-Care Firm for S$164 Million