First Trust MLP and Energy Income Fund Declares Monthly Common Share Distributions of $0.05 Per Share for August, September and October
First Trust MLP and Energy Income Fund (the "Fund") (NYSE: FEI) has declared the Fund’s monthly common share distributions for August, September and October of $0.05 per share for each month.
- Under normal market conditions, the Fund invests at least 85% of its managed assets in equity and debt securities of MLPs, MLP-related entities and other energy sector and energy utilities companies.
- To generate additional income, the Fund expects to write (or sell) covered call options on up to 35% of its managed assets.
- The Fund is treated as a regular corporation, or a "C" corporation, for United States federal income tax purposes and, as a result, is subject to corporate income tax to the extent the Fund recognizes taxable income.
- First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.