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First Trust New Opportunities MLP & Energy Fund (FPL) is a closed-end management investment company founded with a focus on providing investors with access to the energy sector. Managed by First Trust Advisors L.P. and First Trust Portfolios L.P., the fund primarily invests in master limited partnerships (MLPs) and energy companies that are crucial to the broader energy infrastructure within the United States.
Established with a mission to offer innovative investment products and strategies, FPL aims to generate a high level of total return with an emphasis on current distributions. By focusing on MLPs, the fund taps into companies that typically benefit from stable cash flows due to long-term contracts in the transportation, storage, and processing of energy commodities.
Through its disciplined approach, FPL re-allocates its investments periodically to balance risks and returns. This method includes thorough evaluation and selection of securities, ensuring that the fund remains aligned with its objectives while adapting to market changes. The fund’s current projects include enhancing its portfolio with diversified assets in the energy sector, thereby reducing volatility and increasing potential returns for investors.
FPL has established partnerships with key stakeholders in the energy sector to bolster its investment strategies. These partnerships enable the fund to leverage expert insights and resources, ensuring the management team can make informed decisions that align with market trends and investor expectations.
Recent Achievements:
- Strong performance in the last financial year, driven by strategic asset allocation and market recovery in the energy sector.
- Implementation of new investment strategies to capitalize on emerging opportunities within the energy infrastructure landscape.
- Consistent distribution payouts, providing a reliable income stream to shareholders.
Financially, FPL maintains a robust position, underscored by prudent management and a clear focus on long-term growth. The fund's commitment to transparency and investor education ensures that shareholders are well-informed about its operations and performance.
In summary, First Trust New Opportunities MLP & Energy Fund (FPL) stands as a significant player in the investment market, particularly for those seeking exposure to the energy sector through MLPs. Managed with a disciplined approach and supported by strategic partnerships, FPL continues to pursue its goal of delivering high total returns and consistent distributions to its investors.
First Trust New Opportunities MLP & Energy Fund (NYSE: FPL) has announced its monthly common share distributions of $0.0375 per share for May, June, and July 2023. The payable, record, and ex-dividend dates are set for May 15, June 15, and July 17, with record dates on May 2, June 2, and July 5. Based on the fund's April 19, 2023, net asset value (NAV) of $7.11, the distribution rate is 6.33%, while the rate based on the closing market price of $6.05 is 7.44%. Due to the nature of master limited partnerships (MLPs), some distributions may be tax-deferred. The fund aims for high total returns through investments in MLPs and energy sector entities, targeting a minimum of 85% of managed assets in these areas.
The First Trust New Opportunities MLP & Energy Fund (NYSE: FPL) has announced monthly distributions of $0.0375 per share for February, March, and April 2023. The payable dates for these distributions are set for February 15, March 15, and April 17, 2023. Record dates are February 2, March 3, and April 4, while expected ex-dividend dates are February 1, March 2, and April 3. The fund reports a distribution rate of 6.20% based on a NAV of $7.26 and 7.20% based on a market price of $6.25 as of January 20, 2023. It aims to provide high total returns through investments in MLPs and energy sectors, with tax-deferred returns expected.
First Trust New Opportunities MLP & Energy Fund (NYSE: FPL) has announced monthly common share distributions of $0.0375 per share for November, December, and January. The payable, record, and expected ex-dividend dates for these distributions are 11/15/22, 12/15/22, and 01/17/23 respectively. The distribution rates are 6.74% based on an NAV of $6.68 and 7.89% based on a market price of $5.70. A portion of these distributions may be a tax-deferred return of capital. The Fund focuses on high total return primarily from publicly traded MLPs in the energy sector.
First Trust New Opportunities MLP & Energy Fund (NYSE: FPL) has announced monthly common share distributions of $0.0375 per share for August, September, and October 2022. The payable dates are August 15, September 15, and October 17. Shareholders should note the corresponding record and expected ex-dividend dates. The fund primarily focuses on investing in master limited partnerships (MLPs) and energy-related securities. The distribution rates based on NAV and market prices indicate returns of approximately 6.72% and 7.56% respectively.
The First Trust New Opportunities MLP & Energy Fund (NYSE: FPL) has announced monthly common share distributions of $0.0375 for May, June, and July 2022. The payable, record, and expected ex-dividend dates are set for May 16, June 15, and July 15, respectively. Based on the April 19, 2022 NAV of $7.57, the distribution rate is 5.94%, and 6.88% based on the closing market price of $6.54. These distributions may consist of a tax-deferred return of capital, with final tax status to be determined after 2022.
First Trust Advisors L.P. has announced the continuation of the Share Repurchase Program for three funds: First Trust New Opportunities MLP & Energy Fund (FPL), First Trust Energy Infrastructure Fund (FIF), and First Trust High Income Long/Short Fund (FSD). Each Fund aims to repurchase up to the following share amounts by
First Trust New Opportunities MLP & Energy Fund (NYSE: FPL) has announced monthly common share distributions of $0.0375 for February, March, and April 2022. The payable dates are February 15, March 15, and April 18, 2022, with record dates on February 2, March 2, and April 4, 2022, respectively. The distribution rate is approximately 6.85% based on the January 19, 2022 NAV of $6.57 and 7.35% based on the market price of $6.12. A portion of these distributions may consist of a tax-deferred return of capital.
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