First Trust New Opportunities MLP & Energy Fund Appoints Bronwyn Wright as A Class III Trustee, Member of Audit Committee, Valuation Committee and the Nominating and Governance Committee
September 11, 2023 at 04:15 pm EDT
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First Trust New Opportunities MLP & Energy Fund appointed Ms. Bronwyn Wright as a Class III Trustee. Ms. Wright has also been appointed as a member of the Audit Committee, the Valuation Committee and the Nominating and Governance Committee for each of the applicable Funds. Ms. Wright has acted as an independent director to a number of Irish collective investment funds since 2009.
Ms. Wright is a former Managing Director of Citibank Europe plc and Head of Securities and Fund Services for Citi Ireland. In these positions, she was responsible for the management and strategic direction of Citi Ireland?s securities and fund services business which included funds, custody, security finance/lending and global agency and trust. She also had responsibility for leading, managing and growing the Trustee, Custodian and Depositary business in Ireland, the United Kingdom, Luxembourg, Jersey and Cayman.
First Trust New Opportunities MLP & Energy Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund's investment objective is to seek a high level of total return with an emphasis on current distributions paid to common shareholders. The Fund seeks 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), MLP-related entities and other companies in the energy sector and energy utility industries. The Fund, under normal market conditions, invests at least 85% of its managed assets in equity and debt securities of MLPs, MLP-related entities and other energy sector and energy utility companies that Energy Income Partners, LLC (the Sub-Advisor) believes offer opportunities for growth and income. The Fund invests in various industries, including natural gas transmission. The Fund's investment advisor is First Trust Advisors L.P.
First Trust New Opportunities MLP & Energy Fund Appoints Bronwyn Wright as A Class III Trustee, Member of Audit Committee, Valuation Committee and the Nominating and Governance Committee