First Trust New Opportunities MLP & Energy Fund Declares its Monthly Common Share Distribution of $0.105 Per Share for June
First Trust New Opportunities MLP & Energy Fund (the "Fund") (NYSE: FPL)
has declared the Fund’s regularly scheduled monthly common share
distribution in the amount of $0.105 per share payable on June 15, 2017,
to shareholders of record as of June 5, 2017. The ex-dividend date is
expected to be June 1, 2017. The monthly distribution information for
the Fund appears below.
First Trust New Opportunities MLP & Energy
Fund (FPL):
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Distribution per share:
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$0.105
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Distribution Rate based on the May 19, 2017 NAV of $13.05:
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9.66%
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Distribution Rate based on the May 19, 2017 closing market price of
$13.30:
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9.47%
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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 2017 distributions will be made after
the end of 2017 and will be provided on Form 1099- DIV.
The Fund is a non-diversified, closed-end management investment company
that seeks a high level of total return with an emphasis on current
distributions paid to common shareholders. The Fund will seek 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 that are weighted towards non-cyclical, fee-for-service
revenues. Under normal market conditions, the Fund will invest 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 that the Fund's Sub-Advisor believes offer opportunities for
growth and income. Under normal circumstances, the Fund will invest at
least 65% of its managed assets in equity securities issued by energy
sector MLPs and energy sector and energy utilities MLP-related entities.
To generate additional income, the Fund currently expects to write (or
sell) covered call options on up to 35% 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 $105 billion as of April 30,
2017 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 April 30, 2017, EIP
managed or supervised approximately $5.8 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: The Fund is subject to risks, including the fact
that it is a non-diversified closed-end management investment company.
Because the Fund is concentrated in securities issued by MLPs,
MLP-related entities, and other energy and utilities companies, it will
be more susceptible to adverse economic or regulatory occurrences
affecting those industries, including high interest costs, high leverage
costs, the effects of economic slowdown, surplus capacity, increased
competition, uncertainties concerning the availability of fuel at
reasonable prices, the effects of energy conservation policies and other
factors.
The Fund's use of derivatives may result in losses greater than if they
had not been used, may require the Fund to sell or purchase portfolio
securities at inopportune times, may limit the amount of appreciation
the Fund can realize on an investment, or may cause the Fund to hold a
security that it might otherwise sell.
The Fund invests in securities of non-U.S. issuers which are subject to
higher volatility than securities of U.S. issuers. Because the Fund
invests in non-U.S. securities, you may lose money if the local currency
of a non-U.S. market depreciates against the U.S. dollar.
Use of leverage can result in additional risk and cost, and can magnify
the effect of any losses.
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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