Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund Declares its Quarterly Distribution of $0.20 Per Share
Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (MFD) has announced a quarterly distribution of $0.20 per share, payable on February 26, 2021. Shareholders of record by February 23, 2021 will be eligible, with an ex-dividend date of February 22, 2021. The distribution rates are notably 8.08% based on a NAV of $9.90 and 8.86% on a market price of $9.03. A portion of the distribution may come from sources other than net investment income, with final tax status determined at year-end.
- Quarterly distribution of $0.20 per share provides income for shareholders.
- Attractive distribution rate of 8.08% based on NAV and 8.86% on market price enhances investor confidence.
- A portion of the distribution may be sourced from capital gains, indicating potential volatility in net investment income.
- Investment in high-yield securities involves greater market fluctuations and risk of loss.
Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (the "Fund") (NYSE: MFD) has declared the Fund's regularly scheduled quarterly distribution of
Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (MFD): |
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Distribution per share: |
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Distribution Rate based on the February 9, 2021 NAV of |
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Distribution Rate based on the February 9, 2021 closing market price of |
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A portion of the distribution may be treated as paid from sources other than net investment income, including short-term capital gain, long-term capital gain and 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 diversified, closed-end management investment company that seeks a high level of current return consisting of dividends, interest and other similar income while attempting to preserve capital. The Fund seeks to achieve its investment objective by investing predominantly in the securities of companies that are involved in the management, ownership and/or operation of infrastructure and utility assets and are expected to offer reasonably predictable income and attractive yields.
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
Delaware Investments Fund Advisers ("DIFA") is the Fund's investment sub-advisor. DIFA operates within Macquarie Asset Management ("MAM"). MAM is a large scale, global asset manager, providing clients with access to a diverse range of capabilities and products across infrastructure, real estate, natural resources, private credit, fixed income, equities, multi-asset and liquid alternatives. The Fund's Core Component, which consists primarily of equity securities and equity-like securities issued by infrastructure issuers, is managed by the Global Listed Infrastructure team, which started operations in 2004 and manages approximately
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.
Principal Risk Factors: Securities held by a fund, as well as shares of a fund itself, are subject to market fluctuations caused by factors such 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 of the risk of loss associated with these market fluctuations. In addition, local, regional or global events such as war, acts of terrorism, spread of infectious diseases or other public health issues, recessions, or other events could have a significant negative impact on a fund and its investments. Such events may affect certain geographic regions, countries, sectors and industries more significantly than others. The outbreak of the respiratory disease designated as COVID-19 in December 2019 has caused significant volatility and declines in global financial markets, which have caused losses for investors. The COVID-19 pandemic may last for an extended period of time and will continue to impact the economy for the foreseeable future.
The Fund principally invests in a global portfolio of infrastructure stocks in a range of currencies and senior secured loans. Accordingly, the Fund's NAV will fluctuate with changes in the value of the Fund's holdings. Investment in infrastructure and utilities issuers are subject to various risks including governmental regulations, high-interest costs associated with capital construction programs, costs associated with environmental regulation, the effects of economic slowdown and surplus capacity, competition from other providers of services and other factors. 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 Senior Loans in which the Fund invests are generally considered to be "high-yield securities". High-yield securities are subject to greater market fluctuations and risk of loss than securities with higher ratings. The Fund's portfolio is al
FAQ
What is the distribution amount for MFD in February 2021?
When will MFD's February 2021 dividend be paid?
What is the ex-dividend date for MFD's February 2021 distribution?
What are the distribution rates for MFD based on recent NAV and market price?
Is MFD considered a high-yield investment?
