First Trust MLP and Energy Income Fund Increases its Monthly Common Share Distribution to $0.1134 Per Share for January
23 December 2014 - 8:44AM
Business Wire
First Trust MLP and Energy Income Fund (the “Fund”) (NYSE: FEI)
has increased its regularly scheduled monthly common share
distribution to $0.1134 per share from $0.1117 per share. The
distribution will be payable on January 15, 2015, to shareholders
of record as of January 6, 2015. The ex-dividend date is expected
to be January 2, 2015. The monthly distribution information for the
Fund appears below.
First Trust MLP and
Energy Income Fund (FEI):
Distribution per share: $0.1134 Distribution Rate based on
the December 19, 2014 NAV of $22.53: 6.04% Distribution Rate based
on the December 19, 2014 closing market price of $20.76: 6.55%
Increase from previous distribution of $0.1117: 1.52%
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 $105
billion as of November 30, 2014, 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 November 30, 2014, EIP managed or supervised approximately
$5.9 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.
First Trust MLP and Energy Income FundPress Inquiries:Jane
Doyle, 630-765-8775orAnalyst Inquiries:Jeff Margolin,
630-915-6784orBroker Inquiries:Jeff Margolin, 630-915-6784
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