First Trust Morningstar(R) Dividend Leaders(sm) Index Fund Declares Quarterly Distribution of $.20 Per Share
June 20 2006 - 4:26PM
Business Wire
First Trust Morningstar(R) Dividend Leaders(sm) Index Fund (the
"Fund") (AMEX:FDL) today declared its regularly scheduled quarterly
distribution of $.20 per share. Based on the Fund's market price of
$20.49 on June 19, 2006, the Fund's regular distribution equates to
an annualized distribution rate of 3.90%. The distribution will be
payable on June 30, 2006 to shareholders of record on June 27,
2006, with an expected ex-dividend date of June 23, 2006. The final
determination of the source and tax status of all distributions
paid in 2006 will be made after the end of 2006. The Fund is a
series of the First Trust Exchange-Traded Fund, an investment
company and an exchange-traded "index fund" designed to seek
investment results that correspond generally to the price and yield
(before the Fund's fees and expenses) of an equity index called the
Morningstar(R) Dividend Leaders(sm) Index. First Trust Advisors
L.P. acts as the fund's investment adviser and currently manages or
supervises approximately $25 billion in 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: An investment in the Fund involves risks similar to those
of investing in any Fund of equity securities traded on an
exchange. As of May 31, 2006, the Fund was concentrated in stocks
of companies in the financial services sector. You should be aware
that an investment in a portfolio which is concentrated in a
particular sector involves additional risks, including limited
diversification. Investors buying or selling Fund shares on the
secondary market may incur brokerage commissions. In addition,
investors who sell Fund shares may receive less than the share's
net asset value. The Fund's daily American Stock Exchange closing
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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