WHEATON, Ill.--(BUSINESS WIRE)--First Trust MLP and Energy Income Fund (the “Fund”) (NYSE: FEI) has declared its regularly scheduled monthly common share distribution of $0.1167 per share payable on September 15, 2015, to shareholders of record as of September 3, 2015. The ex-dividend date is expected to be September 1, 2015. The monthly distribution information for the Fund appears below.
First Trust Enhanced Equity Income Fund (FEI):
|Distribution per share:||$0.1167|
|Distribution rate based on the August 19, 2015 NAV of $18.80:||7.45%|
|Distribution rate based on the August 19, 2015 closing market price of $17.60:||7.96%|
It is anticipated that, due to the tax treatment of cash distributions made by master limited partnerships (“MLPs”) in which the Fund invests, a portion of the 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 2015 will be made after the end of 2015.
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 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 MLPs and MLP-related entities in the energy sector and energy utilities industries. Under normal market conditions, the Fund invests 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 expects to write (or sell) covered call options.
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 $118 billion as of July 31, 2015, 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 July 31, 2015, EIP managed or supervised approximately $5.5 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 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 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.