First Trust MLP and Energy Income Fund Declares Monthly Common Share Distributions of $0.05 Per Share for May, June and July

Rhea-AI Summary

First Trust MLP and Energy Income Fund (NYSE: FEI) has declared monthly common share distributions of $0.05 per share for May, June, and July 2021. The payable dates are May 17, June 15, and July 15. The record dates are May 4, June 2, and July 2, while the expected ex-dividend dates are May 3, June 1, and July 1. The distribution rate based on April 19 NAV of $7.98 is 7.52%, and 8.43% based on the market price of $7.12. Distributions may include a tax-deferred return of capital.

Positive

• Monthly common share distributions of $0.05 enhance cash flow for shareholders.
• Attractive distribution rates of 7.52% (based on NAV) and 8.43% (based on market price) support investor interest.

Negative

• None.

First Trust MLP and Energy Income Fund (the "Fund") (NYSE: FEI) has declared the Fund’s monthly common share distributions for May, June and July of $0.05 per share for each month.

The payable, record and expected ex-dividend dates, as well as the distribution per share amount for these distributions are as follows:

			May			June			July
Payable Date:			05/17/21			06/15/21			07/15/21
Record Date:			05/04/21			06/02/21			07/02/21
Expected Ex-Dividend Date:			05/03/21			06/01/21			07/01/21
Distribution Per Share:			$0.05			$0.05			$0.05

The monthly distribution information for the Fund appears below.

First Trust MLP and Energy Income Fund (FEI):
Distribution per share:	$0.05
Distribution Rate based on the April 19, 2021 NAV of $7.98:	7.52%
Distribution Rate based on the April 19, 2021 closing market price of $7.12:	8.43%

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 2021 will be made after the end of 2021 and will be provided on Form 1099-DIV.

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 secu

FAQ

What is the distribution amount declared by FEI for May, June, and July 2021?

First Trust MLP and Energy Income Fund (FEI) has declared a distribution of $0.05 per share for May, June, and July 2021.

When are the payable dates for FEI's distributions?

The payable dates for FEI's distributions are May 17, June 15, and July 15, 2021.

What are the record dates for FEI's distributions?

The record dates for FEI's distributions are May 4, June 2, and July 2, 2021.

What are the expected ex-dividend dates for FEI?

The expected ex-dividend dates for FEI are May 3, June 1, and July 1, 2021.

What is the distribution rate based on FEI's NAV?

The distribution rate based on the April 19, 2021 NAV of $7.98 is 7.52%.

What is the distribution rate based on FEI's market price?

The distribution rate based on the April 19, 2021 closing market price of $7.12 is 8.43%.