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First Trust Enhanced Equity Income Fund Issues Notice Regarding September 2024 Distribution

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First Trust Enhanced Equity Income Fund (NYSE: FFA) has declared a distribution payable on September 30, 2024, to shareholders of record as of September 20, 2024. The current distribution of $0.35 per share consists of 9.93% net investment income and 90.07% return of capital. The Fund's 5-year average annualized distribution rate is 6.64% of NAV, with a total return on NAV of 13.58%.

The Fund operates under a Managed Distribution Plan, allowing for more frequent long-term capital gains distributions. As of August 31, 2024, First Trust Advisors L.P. had $241 billion in assets under management, while sub-advisor Chartwell Investment Partners, managed $12.3 billion.

Investors should be aware of market risks, including potential impacts from current economic conditions, geopolitical events, and public health crises. The Fund's shares may trade at a discount to NAV, and the use of covered call options may limit potential gains.

Il First Trust Enhanced Equity Income Fund (NYSE: FFA) ha dichiarato una distribuzione pagabile il 30 settembre 2024, agli azionisti registrati al 20 settembre 2024. L'attuale distribuzione di $0.35 per azione è composta dal 9.93% di reddito netto da investimenti e dal 90.07% di rimborso di capitale. Il tasso medio annuo di distribuzione degli ultimi 5 anni è del 6.64% del NAV, con un rendimento totale sul NAV del 13.58%.

Il Fondo opera sotto un Piano di Distribuzione Gestita, che consente distribuzioni di guadagni in capitale a lungo termine più frequenti. Al 31 agosto 2024, First Trust Advisors L.P. aveva $241 miliardi in attivi gestiti, mentre il sub-advisor Chartwell Investment Partners gestiva $12.3 miliardi.

Gli investitori dovrebbero essere consapevoli dei rischi di mercato, inclusi i potenziali impatti delle attuali condizioni economiche, eventi geopolitici e crisi sanitarie pubbliche. Le azioni del Fondo potrebbero essere scambiate a sconto rispetto al NAV e l'uso di opzioni call coperte potrebbe limitare i guadagni potenziali.

El First Trust Enhanced Equity Income Fund (NYSE: FFA) ha declarado una distribución pagadera el 30 de septiembre de 2024, a los accionistas registrados hasta el 20 de septiembre de 2024. La distribución actual de $0.35 por acción consiste en un 9.93% de ingresos netos por inversiones y un 90.07% de retorno de capital. La tasa de distribución media anualizada de 5 años es del 6.64% del NAV, con un retorno total sobre el NAV del 13.58%.

El Fondo opera bajo un Plan de Distribución Gestionada, que permite distribuciones de ganancias de capital a largo plazo más frecuentes. Hasta el 31 de agosto de 2024, First Trust Advisors L.P. tenía $241 mil millones en activos bajo gestión, mientras que el sub-asesor Chartwell Investment Partners gestionaba $12.3 mil millones.

Los inversores deben estar conscientes de los riesgos del mercado, incluidos los posibles impactos de las condiciones económicas actuales, eventos geopolíticos y crisis de salud pública. Las acciones del Fondo pueden negociarse con descuento respecto al NAV, y el uso de opciones de compra cubiertas puede limitar las ganancias potenciales.

퍼스트 트러스트 강화 주식 소득 펀드(NYSE: FFA)는 2024년 9월 30일에 배당금을 지급한다고 발표했으며, 2024년 9월 20일 기준 주주에게 지급됩니다. 현재의 배당금 주당 $0.359.93%의 순 투자 수익과 90.07%의 자본 환원으로 구성됩니다. 이 펀드의 5년 평균 연간 배당률은 NAV의 6.64%이며, NAV에 대한 총 수익률은 13.58%입니다.

이 펀드는 관리식 분배 계획 하에 운영되며, 이는 장기 자본 이익 분배를 보다 자주 할 수 있게 합니다. 2024년 8월 31일 기준으로 First Trust Advisors L.P.는 $2410억의 자산을 관리하고 있으며, 하위 자문사인 Chartwell Investment Partners는 $123억을 관리하고 있습니다.

투자자들은 현재 경제 상황, 지정학적 사건 및 공공 건강 위기의 잠재적 영향 등 시장 위험을 인식해야 합니다. 펀드의 주식은 NAV에 비해 할인된 가격으로 거래될 수 있으며, 커버드 콜 옵션의 사용은 잠재적 이익을 제한할 수 있습니다.

Le First Trust Enhanced Equity Income Fund (NYSE: FFA) a déclaré un versement à payer le 30 septembre 2024, aux actionnaires enregistrés au 20 septembre 2024. Le versement actuel de $0.35 par action est composé de 9.93% de revenus d'investissements nets et de 90.07% de retour de capital. Le taux de distribution annuel moyen sur 5 ans est de 6.64% du NAV, avec un rendement total sur le NAV de 13.58%.

Le Fonds opère sous un Plan de Distribution Gérée, permettant des distributions de gains en capital à long terme plus fréquentes. Au 31 août 2024, First Trust Advisors L.P. avait $241 milliards d'actifs sous gestion, tandis que le sous-conseiller Chartwell Investment Partners gérait $12.3 milliards.

Les investisseurs doivent être conscients des risques du marché, y compris les impacts potentiels des conditions économiques actuelles, des événements géopolitiques et des crises de santé publique. Les actions du Fonds peuvent être échangées avec un rabais par rapport au NAV, et l'utilisation d'options d'achat couvertes peut limiter les gains potentiels.

Der First Trust Enhanced Equity Income Fund (NYSE: FFA) hat eine Ausschüttung zum 30. September 2024 erklärt, die an Aktionäre mit Stichtag 20. September 2024 ausgezahlt wird. Die aktuelle Ausschüttung von $0.35 pro Aktie besteht aus 9.93% netto erzielten Einkünften und 90.07% Rückfluss von Kapital. Die 5-Jahres-Durchschnittsverteilung liegt bei 6.64% des NAV, mit einer Gesamtrendite auf den NAV von 13.58%.

Der Fonds arbeitet unter einem Managed Distribution Plan, der häufigere Ausschüttungen von langfristigen Kapitalgewinnen zulässt. Am 31. August 2024 hatte First Trust Advisors L.P. $241 Milliarden an verwalteten Vermögenswerten, während der Unterberater Chartwell Investment Partners $12.3 Milliarden verwaltete.

Investoren sollten sich der Marktrisiken bewusst sein, einschließlich potenzieller Auswirkungen durch die aktuellen wirtschaftlichen Bedingungen, geopolitische Ereignisse und öffentliche Gesundheitskrisen. Die Anteile des Fonds können mit einem Abschlag auf NAV gehandelt werden, und die Verwendung von gedeckten Kaufoptionen kann potenzielle Gewinne begrenzen.

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WHEATON, Ill--(BUSINESS WIRE)-- The Board of Trustees of First Trust Enhanced Equity Income Fund (the "Fund") (NYSE: FFA), CUSIP 337318109, previously approved a managed distribution policy for the Fund (the "Managed Distribution 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.

The Fund has declared a distribution payable on September 30, 2024, to shareholders of record as of September 20, 2024, with an ex-dividend date of September 20, 2024. This Notice is meant to provide you information about the sources of your Fund’s distributions. You should not draw any conclusions about the Fund's investment performance from the amount of its distribution or from the terms of its Managed Distribution Plan.

The following tables set forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year to date for the Fund from the following sources: net investment income ("NII"); net realized short-term capital gains ("STCG"); net realized long-term capital gains ("LTCG"); and return of capital ("ROC"). These estimates are based upon information projected through September 30, 2024, are calculated based on a generally accepted accounting principles ("GAAP") basis and include the prior fiscal year-end undistributed net investment income. The amounts and sources of distributions are expressed per common share.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5 Yr. Avg.

 

 

 

 

 

 

 

 

 

 

 

 

Annualized Current

Annual Total

Fund

Fund

Fiscal

Total Current

Current Distribution ($)

Current Distribution (%)

Dist. Rate as a

Return

Ticker

Cusip

Year End

Distribution

NII

STCG

LTCG

ROC (2)

NII

STCG

LTCG

ROC(2)

% of NAV(3)

on NAV(4)

FFA

337318109

12/31/2024

$

0.35000

$

0.03476

-

-

$

0.31524

9.93

%

-

-

90.07

%

6.64

%

13.58

%

 
 

 

 

 

Total

 

 

 

 

 

 

 

 

Cumulative

Cumulative Fiscal

Fund

Fund

Fiscal

Cumulative Fiscal YTD

Cumulative Distributions Fiscal YTD ($)

Cumulative Distributions Fiscal YTD (%)

Fiscal YTD Distributions as

YTD Total Return

Ticker

Cusip

Year End

Distributions(1)

NII

STCG

LTCG

ROC (2)

NII

STCG

LTCG

ROC(2)

a % of NAV(3)

on NAV(4)

FFA

337318109

12/31/2024

$

1.01500

$

0.10079

-

-

$

0.91421

9.93

%

-

-

90.07

%

4.81

%

16.39

%

 

(1) Includes the most recent quarterly distribution paid on September 30, 2024.

(2) The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income."

(3) Based on Net Asset Value ("NAV") as of August 31, 2024.

(4) Total Returns are through August 31, 2024.

The amounts and sources of distributions reported in this Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. You should not use this Notice as a substitute for your Form 1099-DIV.

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 August 31, 2024, Chartwell had approximately $12.3 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 security, or shares of a fund in general may fall in value. Securities are subject to market fluctuations caused by such factors as general economic conditions, political events, regulatory 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, spread of infectious disease or other public health issues, recessions, natural disasters or other events could have significant negative impact on a fund.

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.

Forward-Looking Statements

Certain statements made in this press release that are not historical facts are referred to as "forward‑looking statements" under the U.S. federal securities laws. Actual future results or occurrences may differ significantly from those anticipated in any forward‑looking statements due to numerous factors. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "project," "will" and similar expressions identify forward‑looking statements, which generally are not historical in nature. Forward‑looking statements are subject to certain risks and uncertainties that could cause actual results to differ from those anticipated in any forward-looking statements. You should not place undue reliance on forward‑looking statements, which speak only as of the date they are made. The Fund undertakes no responsibility to update publicly or revise any forward‑looking statements.

Inquiries: Derek Maltbie (630) 765-8499

Source: First Trust Enhanced Equity Income Fund

FAQ

What is the distribution amount for First Trust Enhanced Equity Income Fund (FFA) in September 2024?

First Trust Enhanced Equity Income Fund (FFA) has declared a distribution of $0.35 per share, payable on September 30, 2024, to shareholders of record as of September 20, 2024.

What is the composition of FFA's September 2024 distribution?

The September 2024 distribution for FFA consists of 9.93% net investment income and 90.07% return of capital.

What is FFA's 5-year average annualized distribution rate?

FFA's 5-year average annualized distribution rate is 6.64% of Net Asset Value (NAV).

What was FFA's total return on NAV as of August 31, 2024?

FFA's total return on Net Asset Value (NAV) was 13.58% as of August 31, 2024.

How much assets under management did First Trust Advisors L.P. have as of August 31, 2024?

As of August 31, 2024, First Trust Advisors L.P. had approximately $241 billion in assets under management or supervision.

First Trust Enhanced Equity Income Fund.

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