WHEATON, Ill.--(BUSINESS WIRE)--First Trust/Aberdeen Emerging Opportunity Fund (the "Fund") (NYSE: FEO) today declared its regularly scheduled quarterly distribution of $0.35 per share, consisting of $0.256 per share ordinary distribution and $0.094 per share long-term capital gain distribution. The distribution will be payable on June 30, 2014, to shareholders of record as of June 24, 2014. The ex-dividend date is expected to be June 20, 2014. The quarterly distribution information for the Fund appears below.
First Trust/Aberdeen Emerging Opportunity Fund (FEO):
|Distribution per share:||$0.35|
|Distribution rate based on the June 9, 2014 NAV of $21.80:||6.42%|
|Distribution rate based on the June 9, 2014 closing market price of $19.36:||7.23%|
This distribution will be paid out of net investment income earned by the Fund, as well as from long-term capital gains as noted above. The final determination of the source and tax status of all distributions paid in 2014 will be made after the end of 2014.
The Fund is a closed-end management investment company that seeks to provide a high level of total return. The Fund seeks to achieve its investment objective by investing at least 80% of its managed assets in a diversified portfolio of equity and fixed-income securities of issuers in emerging market countries.
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 $94 billion as of May 31, 2014, through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.
Aberdeen Asset Management Inc. (“Aberdeen”) serves as the Fund’s investment sub-advisor. Aberdeen is a wholly owned subsidiary of Aberdeen Asset Management PLC which is the parent company of an asset management group managing approximately $317.5 billion* in assets as of March 31, 2014, including approximately $61.3 billion in fixed-income securities, for a range of pension funds, financial institutions, investment trusts, unit trusts, offshore funds, charities and private clients.
*Aberdeen's acquisition of Scottish Widows Investment Partnership (SWIP) was completed on April 1, 2014. March 31, 2014 firm total Assets under Management (AuM) provided above is excluding SWIP. Total firm AuM including SWIP as of March 31, 2014 was $541 billion. Additional details of SWIP AuM will be disclosed at a later date.
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.
The Fund is exposed to several risks including, but not limited to, the following: investment and market risk, management risk, emerging markets risk, equity securities risk, fixed-income securities risk, interest rate risk, non investment-grade securities risk, non-U.S. securities risk, government securities risk, non-U.S. government securities risk, currency risk, preferred stock risk, convertible securities risk, asset-backed securities risk, credit linked notes risk, credit default swaps risk, smaller capitalization risk, market discount from net asset value, leverage risk, derivatives risk, portfolio turnover risk, market disruption risk, inflation risk, and illiquid/restricted securities risk. The risks of investing in the Fund are spelled out in the prospectus, shareholder report and other regulatory filings.
The Fund’s daily New York Stock Exchange closing 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.