First Trust Dynamic Europe Equity Income Fund Declares its Monthly Common Share Distribution of $0.121 Per Share for September
August 22 2016 - 4:54PM
Business Wire
First Trust Dynamic Europe Equity Income Fund (the “Fund”)
(NYSE: FDEU) has declared the Fund’s regularly scheduled monthly
common share distribution of $0.121 per share payable on September
15, 2016, to shareholders of record as of September 6, 2016. The
ex-dividend date is expected to be September 1, 2016. The monthly
distribution information for the Fund appears below.
First Trust Dynamic
Europe Equity Income Fund (FDEU):
Distribution per share: $0.121 Distribution Rate
based on the August 19, 2016 NAV of $18.15: 8.00% Distribution Rate
based on the August 19, 2016 closing market price of $16.35: 8.88%
The majority, and possibly all, of this distribution will be
paid out of net investment income earned by the Fund. A portion of
this distribution may come from net short-term realized capital
gains or return of capital. The final determination of the source
and tax status of all distributions paid in 2016 will be made after
the end of 2016.
The Fund is a non-diversified, closed-end management investment
company that seeks to provide a high level of current income. As a
secondary objective, the Fund seeks to focus on capital
appreciation. The Fund will seek to achieve its investment
objective by investing at least 80% of its Managed Assets in a
portfolio of equity securities of European companies of any market
capitalization, including, but not limited to, common and preferred
stocks that pay dividends, depositary receipts and real estate
investment trusts. The Fund will seek to focus its equity
investments on income-producing securities. The Fund will also seek
to utilize a dynamic currency hedging process, which will include,
at the discretion of the portfolio managers, the use of forward
foreign currency exchange contracts to hedge a portion of the
Fund’s currency exposure. To generate additional income, the Fund
will write (or sell) call options on portfolio equity securities
and certain broad-based securities indices in an amount up to 40%
of the value of its Managed Assets.
First Trust Advisors L.P., the Fund’s investment advisor, along
with its affiliate, First Trust Portfolios L.P., are privately-held
companies which provide a variety of investment services, including
asset management and financial advisory services, with collective
assets under management or supervision of approximately $99 billion
as of July 31, 2016 through unit investment trusts, exchange-traded
funds, closed-end funds, mutual funds and separate managed
accounts.
Henderson Global Investors (North America) Inc. (“Henderson”)
serves as the Fund’s investment sub-advisor. Henderson is an
indirect, wholly-owned subsidiary of Henderson Group plc
(“Henderson Group”), a London-based global investment management
firm that provides a full spectrum of investment products and
services to clients around the world. First Trust Advisors L.P. and
Henderson have engaged Henderson Investment Management Limited, a
registered investment adviser and an indirect, wholly-owned
subsidiary of Henderson Group, as the sub-sub-advisor responsible
for certain investment decisions of the Fund. With offices in 19
cities with more than 1,000 employees, Henderson Group managed
approximately $127 billion in assets as of June 30, 2016.
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.
Principal Risk Factors: The Fund is subject to risks, including
the fact that it is a non-diversified closed-end management
investment company.
Because the Fund will invest primarily in securities of non-U.S.
issuers, which are generally denominated in non-U.S. currencies,
there are risks not typically associated with investing in
securities of U.S. issuers. Non-U.S. issuers are subject to higher
volatility than securities of U.S. issuers. An investor may lose
money if the local currency of a non-U.S. market depreciates
against the U.S. dollar.
Investments in securities of issuers located in emerging market
countries are considered speculative and there is a heightened risk
of investing in emerging markets securities.
The Fund will engage in practices and strategies that will
result in exposure to fluctuations in foreign exchange rates, thus
subjecting it to foreign currency risk.
The Fund's use of derivatives may result in losses greater than
if they had not been used, may require the Fund to sell or purchase
portfolio securities at inopportune times, may limit the amount of
appreciation the Fund can realize on an investment, or may cause
the Fund to hold a security that it might otherwise sell.
Use of leverage can result in additional risk and cost, and can
magnify the effect of any losses.
The risks of investing in the Fund are spelled out in the
prospectus, shareholder reports and other regulatory filings.
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
www.ftportfolios.com or by calling 1-800-988-5891.
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version on businesswire.com: http://www.businesswire.com/news/home/20160822006046/en/
First Trust Dynamic Europe Equity Income FundPress Inquiries:
Jane Doyle, 630-765-8775Analyst Inquiries: Jeff Margolin,
630-915-6784Broker Inquiries: Jeff Margolin, 630-915-6784
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