First Trust New Opportunities MLP & Energy Fund Declares its Monthly Common Share Distribution of $0.1033 Per Share for Septe...
August 20 2015 - 3:37PM
Business Wire
First Trust New Opportunities MLP & Energy Fund (the "Fund")
(NYSE: FPL) has declared the Fund’s regularly scheduled monthly
common share distribution in the amount of $0.1033 per share
payable on September 15, 2015, to shareholders of record as of
September 3, 2015. The ex-dividend date is expected to be September
1, 2015. The monthly distribution information for the Fund appears
below.
First Trust New
Opportunities MLP & Energy Fund (FPL):
Distribution per share: $0.1033 Distribution rate based on
the August 19, 2015 NAV of $16.72: 7.41% Distribution rate based on
the August 19, 2015 closing market price of $15.21: 8.15%
It is anticipated that, due to the tax treatment of cash
distributions made by master limited partnerships (“MLPs”) in which
the Fund invests, a portion of the distributions the Fund makes to
Common Shareholders may consist of a tax-deferred return of
capital. The final determination of the source and tax status of
all 2015 distributions will be made after the end of 2015.
The Fund is a non-diversified, closed-end management investment
company that seeks a high level of total return with an emphasis on
current distributions paid to common shareholders. The Fund will
seek to provide its common shareholders with a vehicle to invest in
a portfolio of cash-generating securities, with a focus on
investing in publicly traded MLPs and MLP-related entities in the
energy sector and energy utilities industries that are weighted
towards non-cyclical, fee-for-service revenues. Under normal market
conditions, the Fund will invest at least 85% of its Managed Assets
in equity and debt securities of MLPs, MLP-related entities and
other energy sector and energy utilities companies that the Fund’s
Sub-Advisor believes offer opportunities for growth and income.
First Trust Advisors L.P., the Fund’s investment advisor, along
with its affiliate, First Trust Portfolios L.P., are privately-held
companies which provide a variety of investment services, including
asset management and financial advisory services, with collective
assets under management or supervision of approximately $118
billion as of July 31, 2015, through unit investment trusts,
exchange-traded funds, closed-end funds, mutual funds and separate
managed accounts.
Energy Income Partners, LLC (“EIP”) serves as the Fund’s
investment sub-advisor and 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 July 31, 2015, EIP managed or supervised approximately $5.5
billion in client 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: Investment in this Fund involves
investment and market risk, market discount from net asset value
risk, management risk and reliance on key personnel, potential
conflicts of interest risk, MLP risks, investment concentration
risk, industry specific risk, energy utilities companies risk, cash
flow risk, MLP and deferred tax risk, tax law change risk, non-U.S.
securities risk, delay in investing the proceeds risk, equity
securities risk, risks associated with an investment in initial
public offerings, Canadian income equities risk, debt securities
risk, below investment grade securities risk, leverage risk,
covered call options risk, interest rate swaps risk, competition
risk, restricted securities risk, liquidity risk, valuation risk,
interest rate risk, recent market and economic developments risk,
non-diversification risk, anti-takeover provisions risk, inflation
risk and secondary market for the fund’s common shares. The risks
of investing in the Fund are spelled out in the shareholder reports
and other regulatory filings.
The Fund’s daily closing New York Stock Exchange 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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version on businesswire.com: http://www.businesswire.com/news/home/20150820006228/en/
First Trust New Opportunities MLP & Energy FundPress
Inquiries: Jane Doyle, 630-765-8775Analyst Inquiries: Jeff
Margolin, 630-915-6784Broker Inquiries: Jeff Margolin,
630-915-6784
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