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First Trust Enhanced Equity Income Fund Declares its Quarterly Distribution of $0.35 Per Share

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First Trust Enhanced Equity Income Fund (NYSE: FFA) has declared a quarterly distribution of $0.35 per share, payable on September 30, 2024, to shareholders of record as of September 20, 2024. The distribution rate is 6.85% based on the September 9, 2024 NAV of $20.44, and 7.11% based on the closing market price of $19.70.

The Fund's Board of Trustees has approved a managed distribution policy, allowing for more frequent long-term capital gains distributions. The Fund aims to provide a high level of current income and gains, with some capital appreciation, by investing in a diversified equity portfolio.

First Trust Advisors L.P. serves as the Fund's investment advisor, managing approximately $241 billion in assets as of August 31, 2024. Chartwell Investment Partners, , the sub-advisor, managed about $12.1 billion as of July 31, 2024.

Il First Trust Enhanced Equity Income Fund (NYSE: FFA) ha dichiarato una distribuzione trimestrale di $0.35 per azione, che sarà pagata il 30 settembre 2024, agli azionisti registrati al 20 settembre 2024. Il tasso di distribuzione è del 6.85% basato sul NAV del 9 settembre 2024 di $20.44 e del 7.11% basato sul prezzo di chiusura di mercato di $19.70.

Il Consiglio di Amministrazione del Fondo ha approvato una politica di distribuzione gestita, che consente distribuzioni di utili da capitale a lungo termine più frequenti. Il Fondo mira a fornire un elevato livello di reddito attuale e guadagni, con una certa rivalutazione del capitale, investendo in un portafoglio azionario diversificato.

First Trust Advisors L.P. funge da consulente per gli investimenti del Fondo, gestendo circa $241 miliardi in attività al 31 agosto 2024. Chartwell Investment Partners, il sub-consulente, gestiva circa $12.1 miliardi al 31 luglio 2024.

El First Trust Enhanced Equity Income Fund (NYSE: FFA) ha declarado una distribución trimestral de $0.35 por acción, que se pagará el 30 de septiembre de 2024, a los accionistas registrados al 20 de septiembre de 2024. La tasa de distribución es del 6.85% basada en el NAV del 9 de septiembre de 2024 de $20.44 y del 7.11% basada en el precio de cierre de mercado de $19.70.

La Junta de Fideicomisarios del Fondo ha aprobado una política de distribución gestionada, que permite distribuciones más frecuentes de ganancias de capital a largo plazo. El Fondo tiene como objetivo proporcionar un alto nivel de ingresos actuales y ganancias, con cierta apreciación de capital, invirtiendo en una cartera de acciones diversificada.

First Trust Advisors L.P. actúa como asesor de inversiones del Fondo, gestionando aproximadamente $241 mil millones en activos al 31 de agosto de 2024. Chartwell Investment Partners, el subasesor, gestionaba unos $12.1 mil millones al 31 de julio de 2024.

퍼스트 트러스트 증권 소득 펀드 (NYSE: FFA)가 주당 $0.35의 분기 배당금을 선언했으며, 이는 2024년 9월 30일에 배당될 예정입니다. 주주들은 2024년 9월 20일 기준으로 등록된 주주들입니다. 배당률은 2024년 9월 9일의 NAV $20.44 기준으로 6.85%, 시장 종가 $19.70 기준으로 7.11%입니다.

펀드 이사회는 관리된 분배 정책을 승인하여 장기 자본 이익 분배를 더 자주 할 수 있도록 하였습니다. 펀드는 분산된 주식 포트폴리오에 투자하여 높은 수준의 현재 수입 및 이익, 일부 자본 증가를 제공하는 것을 목표로 하고 있습니다.

퍼스트 트러스트 어드바이저스 L.P.가 펀드의 투자 고문 역할을 하며, 2024년 8월 31일 기준으로 약 $2410억의 자산을 관리하고 있습니다. 차트웰 인베스트먼트 파트너스는 2024년 7월 31일 기준으로 약 $121억을 관리했습니다.

Le First Trust Enhanced Equity Income Fund (NYSE: FFA) a déclaré une distribution trimestrielle de $0.35 par action, payable le 30 septembre 2024, aux actionnaires inscrits au 20 septembre 2024. Le taux de distribution est de 6.85% basé sur la NAV du 9 septembre 2024 de $20.44, et de 7.11% basé sur le prix de clôture du marché de $19.70.

Le Conseil d'Administration du Fonds a approuvé une politique de distribution gérée, permettant des distributions de gains en capital à long terme plus fréquentes. Le Fonds vise à fournir un haut niveau de revenus actuels et de gains, avec une certaine appréciation du capital, en investissant dans un portefeuille d'actions diversifié.

First Trust Advisors L.P. sert de conseiller en investissements pour le Fonds, gérant environ $241 milliards d'actifs au 31 août 2024. Chartwell Investment Partners, le sous-conseiller, gérait environ $12.1 milliards au 31 juillet 2024.

Der First Trust Enhanced Equity Income Fund (NYSE: FFA) hat eine vierteljährliche Ausschüttung von $0.35 pro Aktie erklärt, die am 30. September 2024 an Aktionäre ausgezahlt wird, die am 20. September 2024 im Aktienregister stehen. Der Ausschüttungsgrad beträgt 6.85% basierend auf dem NAV vom 9. September 2024 von $20.44 und 7.11% basierend auf dem Schlusskurs von $19.70.

Der Verwaltungsrat des Fonds hat eine verwaltete Ausschüttungspolitik genehmigt, die häufigere Ausschüttungen von langfristigen Kapitalgewinnen ermöglicht. Der Fonds hat das Ziel, ein hohes Maß an aktuellem Einkommen und Gewinnen bei einer gewissen Kapitalaufwertung zu bieten, indem in ein diversifiziertes Aktienportfolio investiert wird.

First Trust Advisors L.P. fungiert als Anlageberater des Fonds und verwaltet zum 31. August 2024 etwa $241 Milliarden an Vermögenswerten. Chartwell Investment Partners, der Subberater, verwaltete zum 31. Juli 2024 etwa $12.1 Milliarden.

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WHEATON, Ill.--(BUSINESS WIRE)-- First Trust Enhanced Equity Income Fund (the "Fund") (NYSE: FFA) has declared the Fund's regularly scheduled quarterly distribution of $0.35 per share. The distribution will be payable on September 30, 2024, to shareholders of record as of September 20, 2024. The ex-dividend date is expected to be September 20, 2024. The quarterly distribution information for the Fund appears below.

First Trust Enhanced Equity Income Fund (FFA):

Distribution per share:

$0.35

Distribution Rate based on the September 9, 2024 NAV of $20.44:

6.85%

Distribution Rate based on the September 9, 2024 closing market price of $19.70:

7.11%

The Fund's Board of Trustees has approved a managed distribution policy for the Fund (the "Plan") in reliance on exemptive relief received from the Securities and Exchange Commission which permits the Fund to make periodic distributions of long-term capital gains more frequently than otherwise permitted with respect to its common shares subject to certain conditions. Under the Plan, the Fund intends to pay a quarterly distribution in the amount of $0.35 per share. A portion of this quarterly distribution may include long-term capital gains. This may result in a reduction of the long-term capital gain distribution necessary at year end by distributing long-term capital gains throughout the year. The annual distribution rate is independent of the Fund's performance during any particular period. Accordingly, you should not draw any conclusions about the Fund's investment performance from the amount of any distribution or from the terms of the Plan.

This distribution will consist of net investment income earned by the Fund and may also consist of return of capital and/or realized capital gains. The final determination of the source and tax status of all distributions paid in 2024 will be made after the end of 2024 and will be provided on Form 1099-DIV.

The Fund is a diversified, closed-end management investment company that seeks to provide a high level of current income and gains and, to a lesser extent, capital appreciation. The Fund seeks to achieve its investment objective by investing in a diversified portfolio of equity securities.

First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor. FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services. FTA has collective assets under management or supervision of approximately $241 billion as of August 31, 2024 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts. FTA is the supervisor of the First Trust unit investment trusts, while FTP is the sponsor. FTP is also a distributor of mutual fund shares and exchange-traded fund creation units. FTA and FTP are based in Wheaton, Illinois.

Chartwell Investment Partners, LLC ("Chartwell") serves as the Fund's investment sub-advisor and is an investment firm focusing on institutional, sub-advisory, and private client relationships. The firm is a research-based equity and fixed-income manager with a disciplined, team-oriented investment process. As of July 31, 2024, Chartwell had approximately $12.1 billion in assets under management.

Principal Risk Factors: Risks are inherent in all investing. Certain risks applicable to the Fund are identified below, which includes the risk that you could lose some or all of your investment in the Fund. The principal risks of investing in the Fund are spelled out in the Fund's annual shareholder reports. The order of the below risk factors does not indicate the significance of any particular risk factor. The Fund also files reports, proxy statements and other information that is available for review.

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. There can be no assurance that the Fund's investment objectives will be achieved. The Fund may not be appropriate for all investors.

Market risk is the risk that a particular investment, or shares of a fund in general may fall in value. Investments held by the Fund are subject to market fluctuations caused by real or perceived adverse economic conditions, political events, regulatory factors or market developments, changes in interest rates and perceived trends in securities prices. Shares of a fund could decline in value or underperform other investments as a result. In addition, local, regional or global events such as war, acts of terrorism, market manipulation, government defaults, government shutdowns, regulatory actions, political changes, diplomatic developments, the imposition of sanctions and other similar measures, spread of infectious disease or other public health issues, recessions, natural disasters or other events could have significant negative impact on a fund and its investments.

Current market conditions risk is the risk that a particular investment, or shares of the fund in general, may fall in value due to current market conditions. As a means to fight inflation, the Federal Reserve and certain foreign central banks have raised interest rates and expect to continue to do so, and the Federal Reserve has announced that it intends to reverse previously implemented quantitative easing. Recent and potential future bank failures could result in disruption to the broader banking industry or markets generally and reduce confidence in financial institutions and the economy as a whole, which may also heighten market volatility and reduce liquidity. Ongoing armed conflicts between Russia and Ukraine in Europe and among Israel, Hamas and other militant groups in the Middle East, have caused and could continue to cause significant market disruptions and volatility within the markets in Russia, Europe, the Middle East and the United States. The hostilities and sanctions resulting from those hostilities have and could continue to have a significant impact on certain fund investments as well as fund performance and liquidity. The COVID-19 global pandemic, or any future public health crisis, and the ensuing policies enacted by governments and central banks have caused and may continue to cause significant volatility and uncertainty in global financial markets, negatively impacting global growth prospects.

Shares of closed-end investment companies such as the Fund frequently trade at a discount from their net asset value. The Fund cannot predict whether its common shares will trade at, below or above net asset value.

The Fund may write (sell) covered call options on all or a portion of the equity securities held in the Fund's portfolio. The use of options may require the Fund to sell portfolio securities at inopportune times or for prices other than current market values, may limit the amount of appreciation the Fund can realize on an investment, or may cause the Fund to hold an equity security that it might otherwise sell.

Premiums from writing (selling) call options and dividends and interest payments made by the securities in the Fund's portfolio can vary widely over time.

An adverse event affecting an issuer of equity securities, such as an unfavorable earnings report, may depress the value of a particular equity security held by the Fund. Also, the prices of equity securities are sensitive to general movements in the stock market and a drop in the stock market may depress the prices of equity securities to which the Fund has exposure. There is no guarantee that the issuers of the equity securities in which the Fund invests will declare dividends in the future or that if declared they will remain at current levels. There can be no assurance as to what portion of the distributions paid to the Fund's Common Shareholders will consist of tax-advantaged qualified dividend income.

Investment in non-U.S. securities is subject to the risk of currency fluctuations and to economic and political risks associated with such foreign countries.

The Fund may not invest 25% or more of its total assets in securities of issuers in any single industry. If the Fund is focused in an industry, it may present more risks than if it were broadly diversified over numerous industries of the economy.

The risks of investing in the Fund are spelled out in the shareholder report and other regulatory filings.

The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.

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 https://www.ftportfolios.com or by calling 1-800-988-5891.

Press Inquiries Ryan Issakainen 630-765-8689

Analyst Inquiries Jeff Margolin 630-915-6784

Broker Inquiries Sales Team 866-848-9727

Source: First Trust Enhanced Equity Income Fund

FAQ

What is the quarterly distribution amount for First Trust Enhanced Equity Income Fund (FFA)?

First Trust Enhanced Equity Income Fund (FFA) has declared a quarterly distribution of $0.35 per share.

When is the ex-dividend date for FFA's September 2024 distribution?

The ex-dividend date for FFA's September 2024 distribution is expected to be September 20, 2024.

What is the distribution rate for FFA based on its September 9, 2024 closing price?

The distribution rate for FFA is 7.11% based on the September 9, 2024 closing market price of $19.70.

How much assets does First Trust Advisors L.P. manage as of August 31, 2024?

First Trust Advisors L.P. has collective assets under management or supervision of approximately $241 billion as of August 31, 2024.

What is the investment objective of First Trust Enhanced Equity Income Fund (FFA)?

FFA seeks to provide a high level of current income and gains and, to a lesser extent, capital appreciation by investing in a diversified portfolio of equity securities.

First Trust Enhanced Equity Income Fund.

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