First Trust MLP and Energy Income Fund Declares its Monthly Common Share Distribution of $0.1183 Per Share for February
First Trust MLP and Energy Income Fund (the “Fund”) (NYSE: FEI) has
declared the Fund’s regularly scheduled monthly common share
distribution in the amount of $0.1183 per share payable on February 16,
2016, to shareholders of record as of February 3, 2016. The ex-dividend
date is expected to be February 1, 2016. The monthly distribution
information for the Fund appears below.
First Trust MLP and Energy Income Fund (FEI):
Distribution per share:
Distribution rate based on the January 19, 2016 NAV of $11.38:
Distribution rate based on the January 19, 2016 closing market price
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 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 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 $104 billion as of December
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 December 31, 2015,
EIP managed or supervised approximately $4.2 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.
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