First Trust New Opportunities MLP & Energy Fund Declares its Monthly Common Share Distribution of $0.105 Per Share for November
October 20 2016 - 4:38PM
Business Wire
First Trust New Opportunities MLP & Energy Fund (the "Fund")
(NYSE: FPL) has declared the Fund’s regularly scheduled monthly
common share distribution in the amount of $0.105 per share payable
on November 15, 2016, to shareholders of record as of November 3,
2016. The ex-dividend date is expected to be November 1, 2016. The
monthly distribution information for the Fund appears below.
First Trust New
Opportunities MLP & Energy Fund (FPL):
Distribution per share: $0.105 Distribution rate
based on the October 19, 2016 NAV of $13.41: 9.40% Distribution
rate based on the October 19, 2016 closing market price of $13.13:
9.60%
It is anticipated that, due to the tax treatment of cash
distributions made by master limited partnerships (“MLPs”) in which
the Fund invests, a portion of the distributions the Fund makes to
Common Shareholders may consist of a tax-deferred return of
capital. The final determination of the source and tax status of
all 2016 distributions will be made after the end of 2016 and will
be provided on Form 1099-DIV.
The Fund is a non-diversified, closed-end management investment
company that seeks a high level of total return with an emphasis on
current distributions paid to common shareholders. The Fund will
seek to provide its common shareholders with a vehicle to invest in
a portfolio of cash-generating securities, with a focus on
investing in publicly traded master limited partnerships (“MLPs”)
and MLP-related entities in the energy sector and energy utilities
industries that are weighted towards non-cyclical, fee-for-service
revenues. Under normal market conditions, the Fund will invest 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 that the Fund’s Sub-Advisor believes offer
opportunities for growth and income.
First Trust Advisors L.P., the Funds’ 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 $98 billion
as of September 30, 2016 through unit investment trusts,
exchange-traded funds, closed-end funds, mutual funds and separate
managed accounts.
Energy Income Partners, LLC (“EIP”) serves as the Fund’s
investment sub-advisor and provides advisory services to a number
of investment companies and partnerships for the purpose of
investing in MLPs and other energy infrastructure securities. EIP
is one of the early investment advisors specializing in this area.
As of September 30, 2016, EIP managed or supervised approximately
$5.5 billion in client assets.
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 is concentrated in securities issued by MLPs,
MLP-related entities, and other energy and utilities companies, it
will be more susceptible to adverse economic or regulatory
occurrences affecting those industries, including high interest
costs, high leverage costs, the effects of economic slowdown,
surplus capacity, increased competition, uncertainties concerning
the availability of fuel at reasonable prices, the effects of
energy conservation policies and other factors.
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.
The Fund invests in securities of non-U.S. issuers which are
subject to higher volatility than securities of U.S. issuers.
Because the Fund invests in non-U.S. securities, you may lose money
if the local currency of a non-U.S. market depreciates against the
U.S. dollar.
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
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/20161020006608/en/
First Trust New Opportunities MLP & Energy FundPress
Inquiries: Jane Doyle, 630-765-8775Analyst Inquiries: Jeff
Margolin, 630-915-6784Broker Inquiries: Jeff Margolin,
630-915-6784
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