First Trust Morningstar(R) Dividend Leaders(SM) Index Fund Declares Quarterly Distribution of $.20 Per Share
September 19 2006 - 4:05PM
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
$22.35 on September 18, 2006, the Fund's regular distribution
equates to an annualized distribution rate of 3.58%. The
distribution will be payable on September 29, 2006 to shareholders
of record on September 27, 2006, with an expected ex-dividend date
of September 25, 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 $26 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. The Fund is concentrated in stocks of companies in the
financial services industry. You should be aware that an investment
in a portfolio which is concentrated in a particular industry
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. Please
see the Fund's prospectus for additional information on the risks
of investing in the Fund. 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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