Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  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.







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
06:18a OMNIA : Lawmakers want feds to slow Horizon plan
06:14a ALLERGAN : Data Presented at IDWeek Reports AVYCAZ™ (ceftazidime and avibactam) Demonstrated In Vitro Antimicrobial Activity Against Common Enterobacteriaceae Pathogens, Including Certain Carbapenem-Resistant Strains
06:09a TRIPADVISOR : Curry house is named the nation's No 1
06:09a AEROFLOT : Information for Transaero passengers with tickets for 11 October 2015
06:09a KEC : wins orders of Rs. 668 crore
06:08a TATE & LYLE : Sweet taste of success ; Letters
06:08a BRUNEL : Kestrel captured in stunning close-up above Brunel's line
06:07a GREAT WESTERN MINING : 'Trains slower than 1977' - claim defended
06:07a GOGO : Man with dead cat inside car is son of retired San Jose police captain
06:06a SOTHEBYS : Picasso masterpiece up for estimated Pounds 39m
Latest news
Hot News 
6D GLOBAL TECHNOLOGIES : SIXD Levi & Korsinsky, LLP Announces the Commencement of an Investigation Involving Possible Securities Fraud Violations by Certain Officers and Directors of 6D Global Technologies, Inc.
ADGORITHMS : Annual Earnings To Miss Expectations On Market Disruption
UTi Announces Agreement to be Acquired by DSV in Transaction Valued at $1.35 Billion
SMART TECHNOLOGIES : Updates Financial Outlook and Announces Strategic Review
SOLARWINDS : DameWare Remote Support Enhances Over-the-Internet Desktop Troubleshooting Capabilities
Most Read News
10/09 NASDA NATIONAL ASSOCIATION OF STATE DEPARTMENT O : South Carolina: Statement from Commissioner Hugh Weathers about Rain Damage
10/09 GOMEZ TRIAL ATTORNEYS : and Baron & Budd, P.C. File More Butte Wildfire Lawsuits
10/09 Goldberg Law PC Announces an Investigation of Claims Against Ocean Rig UDW Inc. on Behalf of Investors
10/09 IMPORTANT INVESTOR DEADLINE : Goldberg Law PC Reminds Investors With Losses in Volkswagen AG of November 24, 2015 Deadline
02:17a Cruise news
Most recommended articles
05:45aDJIn Bank Earnings, Clues on Housing Market's Health
01:06aDJTV Trouble for Millions of Viewers as Dish, Tegna Hit Stalemate
10/09 Top Sectors and Industries To Watch During 3Q US Earnings
10/09 VOLKSWAGEN : Mexico expects first results in Volkswagen probe in three months
10/09 WEEKLY TRADING FORECAST : Will a Rebound in Equities Hobble the Dollar and Lift Carry Currencies?