First Trust Advisors L.P. Announces Portfolio Manager Update for FEI, FEN, FIF and FPL
February 25 2019 - 4:16PM
Business Wire
First Trust Advisors L.P. (“FTA”) announced today that Energy
Income Partners, LLC (“EIP”), investment sub-advisor for First
Trust MLP and Energy Income Fund (NYSE: FEI), First Trust Energy
Income and Growth Fund (NYSE MKT: FEN), First Trust Energy
Infrastructure Fund (NYSE: FIF), and First Trust New Opportunities
MLP & Energy Fund (NYSE: FPL) (the “Funds”), will release an
update on the market and the Funds for financial advisors and
investors. The update will be available Wednesday, February 27, 2019 at 5:00 P.M. Eastern Time
until 11:59 P.M. Eastern Time on Tuesday, March 26,
2019. To listen to the update, follow these
instructions:
-- Dial: (888) 203-1112; International (719) 457-0820; and
Passcode # 5095182 and PIN # 8392. The update will be available
from Wednesday, February 27, 2019, at 5:00 P.M. Eastern Time until
11:59 P.M. Eastern Time on Tuesday, March 26, 2019.
FTA is a federally registered investment advisor and serves as
the Funds’ 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 $121 billion as of January 31, 2019 through unit
investment trusts, exchange-traded funds, closed-end funds, mutual
funds and separate managed accounts. FTA is the supervisor of the
First Trust unit investment trusts, while FTP is the sponsor. FTP
is also a distributor of mutual fund shares and exchange-traded
fund creation units. FTA and FTP are based in Wheaton,
Illinois.
EIP 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 January 31,
2019, EIP managed or supervised approximately $5.9 billion in
client assets.
Investment return and market value of an investment in the Funds
will fluctuate. Shares, when sold, may be worth more or less than
their original cost. There can be no assurance that the Funds’
investment objectives will be achieved. The Funds may not be
appropriate for all investors.
Principal Risk Factors: The Funds are subject to risks,
including the fact that each Fund is a non-diversified closed-end
management investment company.
Because the Funds are concentrated in securities issued by MLPs,
MLP-related entities, and other energy and utilities companies,
they 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 Funds invests in securities of non-U.S. issuers which are
subject to higher volatility than securities of U.S. issuers.
Because the Funds invest 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.
The Funds’ use of derivatives may result in losses greater than
if they had not been used, may require the Funds to sell or
purchase portfolio securities at inopportune times, may limit the
amount of appreciation the Funds can realize on an investment, or
may cause the Funds to hold a security that they might otherwise
sell.
There can be no assurance as to what portion of FIF’s
distributions paid to the Fund’s Common Shareholders will consist
of tax-advantaged qualified dividend income.
Use of leverage can result in additional risk and cost, and can
magnify the effect of any losses.
The information presented is not intended to constitute an
investment recommendation for, or advice to, any specific person.
By providing this information, First Trust is not undertaking to
give advice in any fiduciary capacity within the meaning of ERISA
and the Internal Revenue Code. First Trust has no knowledge of and
has not been provided any information regarding any investor.
Financial advisors must determine whether particular investments
are appropriate for their clients. First Trust believes the
financial advisor is a fiduciary, is capable of evaluating
investment risks independently and is responsible for exercising
independent judgment with respect to its retirement plan
clients.
The risks of investing in the Funds are spelled out in the
prospectus, shareholder reports and other regulatory filings.
The Funds’ daily New York Stock Exchange closing price and net
asset value per share as well as other related information can be
found at www.ftportfolios.com or by calling 1-800-988-5891.
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JEFF MARGOLIN - (630) 915-6784
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