WHEATON, Ill.--(BUSINESS WIRE)--First Trust Dynamic Europe Equity Income Fund (the “Fund”) (NYSE: FDEU) has declared the Fund’s regularly scheduled monthly common share distribution of $0.121 per share payable on March 15, 2016, to shareholders of record as of March 3, 2016. The ex-dividend date is expected to be March 1, 2016. The monthly distribution information for the Fund appears below.
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First Trust Dynamic Europe Equity Income Fund (FDEU): |
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| Distribution per share: | $0.121 | |
| Distribution Rate based on the February 19, 2016 NAV of $17.36: | 8.36% | |
| Distribution Rate based on the February 19, 2016 closing market price of $15.24: | 9.53% |
The majority, and possibly all, of this distribution will be paid out of net investment income earned by the Fund. A portion of this distribution may come from net short-term realized capital gains or return of capital. The final determination of the source and tax status of all distributions paid in 2016 will be made after the end of 2016.
The Fund is a non-diversified, closed-end management investment company that seeks to provide a high level of current income. As a secondary objective, the Fund seeks to focus on capital appreciation. The Fund will seek to achieve its investment objective by investing at least 80% of its Managed Assets in a portfolio of equity securities of European companies of any market capitalization, including, but not limited to, common and preferred stocks that pay dividends, depositary receipts and real estate investment trusts. The Fund will seek to focus its equity investments on income-producing securities. The Fund will also seek to utilize a dynamic currency hedging process, which will include, at the discretion of the portfolio managers, the use of forward foreign currency exchange contracts to hedge a portion of the Fund’s currency exposure. To generate additional income, the Fund will write (or sell) call options on portfolio equity securities and certain broad-based securities indices in an amount up to 40% of the value 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 $93 billion as of January 31, 2016 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.
Henderson Global Investors (North America) Inc. (“Henderson”) serves as the Fund’s investment sub-advisor. Henderson is an indirect, wholly-owned subsidiary of Henderson Group plc (“Henderson Group”), a London-based global investment management firm that provides a full spectrum of investment products and services to clients around the world. First Trust Advisors L.P. and Henderson have engaged Henderson Investment Management Limited, a registered investment adviser and an indirect, wholly-owned subsidiary of Henderson Group, as the sub-sub-advisor responsible for certain investment decisions of the Fund. With offices in 19 cities and more than 1,000 employees worldwide, Henderson Group managed approximately $135.6 billion in assets as of December 31, 2015.
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 risk, is not a complete investment program, investment and market risk, market discount from net asset value risk, conversion risk, non-diversified status risk, management risk and reliance on key personnel, common stock risk, non-U.S. securities risk, European markets risk, emerging markets risk, foreign currency risk, geographic concentration risk, market disruption and geopolitical risk, redenomination risk, preferred stock risk, real estate investment trust risk, credit and below investment grade securities risk, fixed income securities risk, U.S. government debt securities risk, non-U.S. Government debt securities risk, illiquid and restricted securities risk, income risk, derivative transactions risk, option overlay strategy risk, forward foreign currency exchange contracts risk, counterparty risk, leverage risk, initial public offering (“IPO”) risk, quarterly special distribution program risk, valuation risk, inflation/deflation risk, portfolio turnover risk, potential conflicts of interest risk, tax risk, risk related to anti-takeover provisions and 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.
