First Trust Morningstar(R) Dividend Leaders(SM) Index Fund Declares Quarterly Distribution of $0.20 Per Share
March 20 2007 - 6:57PM
Business Wire
First Trust Morningstar� Dividend Leaderssm Index Fund (the �Fund�)
(AMEX: FDL) today declared its regularly scheduled quarterly
distribution of $0.20 per share. Based on the Fund�s market price
of $23.31 on March 19, 2007, the Fund�s regular distribution
equates to an annualized distribution rate of 3.43%. The
distribution will be payable on March 30, 2007 to shareholders of
record on March 27, 2007, with an expected ex-dividend date of
March 23, 2007. The final determination of the source and tax
status of all distributions paid in 2007 will be made after the end
of 2007. 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� Dividend Leaderssm Index.
First Trust Advisors L.P. acts as the fund�s investment adviser and
currently manages or supervises approximately $28 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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