LONDON--(BUSINESS WIRE)--First Trust Global Portfolios Limited (“FTGP”) announces the declaration of the first quarterly distributions for First Trust North American Energy Infrastructure Income UCITS Fund (the “Fund”). The Fund is advised by First Trust Advisors L.P. (“FTA”).
The following dates apply to today’s distribution declarations:
| Expected Ex-Dividend Date: | 23 March 2017 | |||||
| Record Date: | 22 March 2017 | |||||
| Payable Date: | 31 March 2017 |
| Dividend per | ||||||||||
|
ISIN |
Fund Name and Share class |
Frequency |
|
Share |
||||||
|
IE00BD0BWX03 |
First Trust North American Energy Infrastructure Income UCITS | Quarterly | $0.5524 (USD) | |||||||
| Fund Class II (GBP Hedged) | ||||||||||
|
IE00BD0BWT66 |
First Trust North American Energy Infrastructure Income UCITS | Quarterly | $0.4500 (USD) | |||||||
| Fund Class II (USD) | ||||||||||
About First Trust Advisors L.P.
FTA is a privately owned US-based financial services firm and is registered as an investment adviser with the United States Securities and Exchange Commission. FTA acts as adviser to a range of Irish domiciled UCITS funds under the First Trust Global Funds plc umbrella. The Fund’s distributor is FTGP, an affiliate of FTA. FTGP was established in December 2011 as a UK-based and UK Financial Conduct Authority (“FCA”) regulated distributor and advisor. FTA, together with its affiliates, has total assets under management or supervision in excess of $104 billion as at 28 February 2017. For more information, visit http://www.ftglobalportfolios.com.
Risks
The Fund’s shares may change in value and may go down as well as up. You could lose money by investing in the Fund. You may not get back all of the money you invest.
One of the principal risks of investing in the Fund is market risk. Market risk is the risk that a particular stock owned by the Fund, Fund shares or stocks in general may fall in value. The Fund is subject to management risk because it is an actively managed portfolio. In managing the Fund's investment portfolio, the sub-advisor will apply investment techniques and risk analyses that may not have the desired result. There can be no assurance that the Fund's investment objective will be achieved.
The Fund may invest in small capitalization and mid-capitalization companies. Such companies may experience greater price volatility than larger, more established companies. The Fund may use derivatives which can lead to losses because of adverse movements in the price or value of the underlying asset, index or rate, which may be magnifies by certain features of the derivatives.
The Fund invests primarily in securities of companies headquartered or incorporated in the U.S. and Canada. Accordingly, an investment in the fund may be more volatile than an investment diversified across several geographic regions. An investment in a Fund containing securities of non-U.S. issuers is subject to additional risks, including currency fluctuations, political risks, tax withholding, the lack of adequate financial information, and exchange control restrictions impacting non-U.S. issuers. The Fund may invest in depositary receipts which may be less liquid than the underlying shares in their primary trading market.
Investments and exposures will generally be concentrated in the energy and utility sectors, specifically energy sector master limited partnerships (“MLPs”), MLP-related entities and other companies in the energy and energy utility industries including securities of non-U.S. companies and energy sector REITs. Due to these concentrations, the Fund is more susceptible to risks that affect the energy sector than another fund that is more broadly diversified such as price and supply fluctuations caused by international politics, energy conservation, taxes, price controls, and other regulatory policies of various government. Distributions provided by the Fund may be reduced by changes in the dividend policies of the energy companies in which the Fund invests and capital resources at such companies.
Energy infrastructure companies may be directly affected by energy commodity prices, especially those companies which own the underlying energy commodity. A decrease in the production or availability commodities or a decrease in the volume of such commodities available for transportation, processing, storage or distribution may adversely impact the financial performance of energy infrastructure companies.
Investment by the Fund in MLP units involves risks which differ from an investment in common stock of a corporation. Holders of MLP units have limited control and voting rights on matters affecting the partnership. In addition, there are certain tax risks associated with an investment in MLP units if the MLP is taxed as a corporation which could decrease returns from the MLP, and conflicts of interest exist between common unit holders and the general partner, including those arising from incentive distribution payments.
The Fund may write (or sell) covered call options, the value of which may be adversely affected if the market for the option is reduced or becomes illiquid. There can be no assurance that a liquid market will exist when the Fund seeks to close out an option position.
In the case of the equity securities of MLPs, the Fund intends to gain exposure to these assets only through the use of financial derivative instruments including options and swaps (which include total return swaps) for investment and efficient portfolio management purposes. The use of derivative instruments can lead to losses because of adverse movements in the price or value of the underlying asset which may be magnified by certain features of the derivatives. These risks are heightened when the Fund's portfolio manager use derivatives to enhance the Fund's return or as a substitute for a position or security, rather than solely to hedge (or offset) the risk of a position or security held by the Fund.
There is no guarantee that the Fund will declare dividends.
Important Information
This financial promotion is issued by FTGP of 8 Angel Court, London, EC2R7HJ. FTGP is authorised and regulated by the FCA (register no. 583261). The Fund is not authorised by the FCA.
Nothing in this document constitutes an invitation, offer, recommendation or solicitation to engage in any investment activity including buying or selling any investment including any interest in a Fund.
The Fund is an open-ended sub-fund of the First Trust Global Funds plc, an umbrella UCITS fund with segregated liability between sub-funds, incorporated with limited liability as an investment company with variable capital under the laws of Ireland with UCITS registered number 514357. The Company is a recognised collective investment scheme (a “recognised scheme”) for the purposes of section 264 of the Financial Services and Markets Act 2000, as amended (“FSMA”), of the United Kingdom. Most of the protections provided by the UK regulatory system do not apply to the operation of the Fund and compensation will not be available under the UK Financial Services Compensation Scheme on its default.
An investment in the Fund is speculative and may not be appropriate for all potential investors.
Neither FTGP nor any of its affiliates, guarantees the performance or the future returns of the Fund. . The value of an investment and income from it can go down as well as up and may be affected by exchange rate variations. Investors may not get back the amount invested or lose their entire investment. Current tax levels and reliefs will depend on the nature of the holdings. Past performance is not a guide to future performance.
The material in this document is not comprehensive and must therefore be read in conjunction with the Fund’s prospectus, which contains material information not contained herein, including the terms of investment and information regarding investment risks and restrictions, fees and expenses and conflicts of interests. Potential investors should pay particular attention to the “Risk Factors” section of the Fund’s prospectus. No assurance can be given that the Fund’s investment objective will be achieved or that the Fund will generate a positive return. Contact FTGP or visit www.ftglobalportfolios.com to obtain a prospectus and/or Key Investor Information Document (available in English). Potential investors should conduct their own investigation and analysis of the Fund and consult its/their own professional tax, accounting, financial or other advisors as to the risks involved in making an investment. Potential investors should consider the Fund’s investment objectives, risk, charges and expenses carefully before investing.
Nothing contained herein constitutes investment, legal, tax or other advice nor is it to be solely relied on in making an investment or other decision. It is not an invitation to make an investment in the Fund nor does the information, recommendations or opinions expressed herein constitute an offer for sale of the Fund.
Shares of the Fund are not available for sale in any state or jurisdiction in which such sale would be prohibited. The shares of the Fund have not been registered under the US Securities Act of 1933, as amended, and the Fund is not registered under the US Investment Company Act of 1940, as amended. Neither this material nor the Fund’s shares are available to or suitable for US persons.
Whilst every effort is made to ensure the accuracy of this information, no representation or warranty stated or implied is made or given by any persons as to the accuracy or completeness of the information contained in this document and no responsibility or liability is accepted for such information or opinion.
