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First Trust MLP and Energy Income Fund (FEI) is a publicly-traded fund dedicated to providing investors with high yields through investments in Master Limited Partnerships (MLPs) and energy-related income-producing assets. Formed as part of the First Trust family, founded in 1991, FEI leverages decades of expertise in investment management to optimize returns for its shareholders.
FEI's primary focus is on MLPs operating within the energy sector, including infrastructure like pipelines and storage facilities, which are crucial for the transportation and distribution of oil, natural gas, and other petroleum products. By investing predominantly in these assets, the fund aims to generate steady and consistent distributions for its investors.
Core Business and Strategy: The Fund's strategy involves a disciplined approach to asset selection, emphasizing long-term investment, regular portfolio rebalancing, and tax control. This methodology is intended to provide consistent income while mitigating risk.
Recent Achievements and Projects: Recently, FEI has focused on expanding its portfolio to include a diverse range of energy assets, ensuring exposure to various segments of the market. This diversification helps in stabilizing returns and reducing dependency on any single source of income.
FEI's strong financial health is reflected in its ability to maintain and grow distributions amidst fluctuating market conditions. The Fund has also been proactive in capitalizing on emerging energy trends, such as renewable energy sources, to future-proof its investments.
Partnerships and Collaborations: FEI collaborates with a network of experienced partners and advisors who bring specialized knowledge in energy investments. This collaborative approach enhances the Fund's ability to identify and invest in high-potential opportunities within the sector.
Investment Philosophy: FEI is committed to principles such as understanding what you own, employing investment discipline, and rebalancing portfolios. This philosophy not only helps in achieving long-term growth but also in navigating the complexities of the energy market.
Overall, First Trust MLP and Energy Income Fund (FEI) offers a robust platform for investors seeking income through strategic investments in the energy sector. The Fund's focus on high-quality assets, disciplined investment strategies, and proactive market engagement make it a compelling choice for those looking to diversify their income portfolio with energy-related investments.
The First Trust MLP and Energy Income Fund (NYSE: FEI) has announced monthly common share distributions of
First Trust MLP and Energy Income Fund (FEI) announced monthly common share distributions of $0.05 per share for February, March, and April 2023. The payable dates are set for February 15, March 15, and April 17. The record dates are February 2, March 3, and April 4, with expected ex-dividend dates of February 1, March 2, and April 3. The distribution rates are 6.43% based on the January 20 NAV and 7.41% based on the market price. This fund primarily invests in publicly-traded MLPs and aims for high total return with a focus on current distributions.
First Trust MLP and Energy Income Fund (NYSE: FEI) has announced monthly common share distributions of
Investors should note that some distributions may consist of tax-deferred return of capital.
The First Trust MLP and Energy Income Fund (NYSE: FEI) has declared monthly distributions of $0.05 per share for August, September, and October 2022. The payment dates are set for August 15, September 15, and October 17. Based on the July 19, 2022 NAV of $8.69, the distribution rate is 6.90%, and 7.77% based on the closing market price of $7.72. A portion of the distributions may consist of tax-deferred return of capital, with final tax status provided via Form 1099-DIV after 2022.
The First Trust MLP and Energy Income Fund (NYSE: FEI) has announced its monthly common share distributions of $0.05 per share for May, June, and July 2022. The payable dates are set for May 16, June 15, and July 15, with record dates on May 3, June 2, and July 5 respectively. Based on the April 19, 2022 net asset value of $9.80, the distribution rate is 6.12%, and 6.98% based on the closing market price of $8.59. A portion of these distributions may be a tax-deferred return of capital for shareholders.
The First Trust MLP and Energy Income Fund (NYSE: FEI) has announced its monthly common share distributions of
- Payable Date: February 15, March 15, April 18, 2022
- Record Date: February 2, March 2, April 4, 2022
- Ex-Dividend Date: February 1, March 1, April 1, 2022
The distribution rates based on the January 19, 2022 NAV of
First Trust MLP and Energy Income Fund (NYSE: FEI) has announced monthly distributions of $0.05 per common share for November, December, and January. The payable dates are November 15, 2021, December 15, 2021, and January 18, 2022. The record dates for these distributions are November 2, 2021, December 2, 2021, and January 4, 2022. Based on an NAV of $8.52 on October 19, 2021, the distribution rate is 7.04%, while the rate based on a closing price of $8.00 is 7.50%.
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