First Trust Morningstar(R) Dividend Leaders(SM) Index Fund Declares Quarterly Distribution of $0.20 Per Share
June 20 2007 - 5:48PM
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 payable on June 29, 2007 to
shareholders of record as of June 25, 2007. The ex-dividend date is
expected to be June 21, 2007. The quarterly distribution
information for the Fund appears below. First Trust Morningstar(R)
Dividend Leaders(SM) Index Fund (FDL): Distribution per share: $
0.20� Distribution Rate based on the June 19, 2007 NAV of $24.51:
3.26% Distribution Rate based on the June 19, 2007 closing market
price of $24.49: 3.27% 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 $32 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 a given industry if
the Morningstar� Dividend LeadersSM Index is concentrated in such
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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