Internal Revenue Code section 409A

First Trust Advisors L.P. Announces Distribution for Exchange-Traded Funds

Retrieved on: 
Tuesday, October 31, 2023
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First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.

Key Points: 
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • FTA has collective assets under management or supervision of approximately $195 billion as of September 30, 2023 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.
  • Please refer to each fund's prospectus and Statement of Additional Information for additional details on a fund's risks.
  • First Trust Advisors L.P. is an affiliate of First Trust Portfolios L.P., the fund's distributor.

First Trust Advisors L.P. Announces Distribution for First Trust Enhanced Short Maturity ETF

Retrieved on: 
Monday, October 30, 2023
Professional Services, Finance, Loss, Federal Deposit Insurance Corporation, Terrorism, Index, Infection, FINRA, ERISA, Internal Revenue Code, FTA, ETF, Face, Federal Reserve, AIB (NI), Investment, Judgement, Federal, Risk, FTP, COVID-19, Prospectus, Internal Revenue Code section 409A, LIBOR, Credit, London Interbank Bid Rate, Adviser, Uncertainty, Volatility, Financial adviser, Bank, Security (finance), Fund

First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.

Key Points: 
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services.
  • Volatility is the characteristic of a security, an index or a market to fluctuate significantly in price within a short time period.
  • Such exposures could cause the Fund's net asset value to experience significant increases or declines in value over short periods of time.

First Trust MLP and Energy Income Fund Declares Monthly Common Share Distributions of $0.05 Per Share for November, December and January

Retrieved on: 
Monday, October 23, 2023
Professional Services, Finance, Terrorism, Infection, FINRA, ERISA, Internal Revenue Code, FTA, Federal Reserve, AIB (NI), Hedge fund, Judgement, Federal, MLP, Risk, FTP, COVID-19, Internal Revenue Code section 409A, EIP, Fund, Investment, New York Stock Exchange, Uncertainty, Life insurance, Security (finance), Financial adviser

Under normal market conditions, the Fund invests 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.

Key Points: 
  • Under normal market conditions, the Fund invests 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.
  • To generate additional income, the Fund expects to write (or sell) covered call options on up to 35% of its managed assets.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services.

First Trust Intermediate Duration Preferred & Income Fund Declares its Monthly Common Share Distribution of $0.1075 Per Share for November

Retrieved on: 
Monday, October 23, 2023
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First Trust Intermediate Duration Preferred & Income Fund (the "Fund") (NYSE: FPF) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.1075 per share payable on November 15, 2023, to shareholders of record as of November 2, 2023.

Key Points: 
  • First Trust Intermediate Duration Preferred & Income Fund (the "Fund") (NYSE: FPF) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.1075 per share payable on November 15, 2023, to shareholders of record as of November 2, 2023.
  • The Fund is a diversified, closed-end management investment company that seeks to provide a high level of current income.
  • The Fund seeks to achieve its investment objectives by investing in preferred and other income-producing securities.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.

First Trust/abrdn Global Opportunity Income Fund Declares its Monthly Common Share Distribution of $0.06 Per Share for November

Retrieved on: 
Monday, October 23, 2023
Other Professional Services, Asset Management, Professional Services, Finance, United Kingdom, Loss, Terrorism, NYSE, Infection, FINRA, ERISA, Government, Internal Revenue Code, Movement, FTA, Federal Reserve, Fraud, AIB (NI), Hedge fund, Abrdn, Investment, Judgement, European Central Bank, FAM, Federal, Central bank, Risk, FTP, COVID-19, Organic, Internal Revenue Code section 409A, LIBOR, Fund, London Interbank Bid Rate, European, New York Stock Exchange, Uncertainty, Life insurance, Security (finance), Financial adviser, Bank, Cryptocurrency

First Trust/abrdn Global Opportunity Income Fund (the "Fund") (NYSE: FAM) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.06 per share payable on November 15, 2023, to shareholders of record as of November 2, 2023.

Key Points: 
  • First Trust/abrdn Global Opportunity Income Fund (the "Fund") (NYSE: FAM) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.06 per share payable on November 15, 2023, to shareholders of record as of November 2, 2023.
  • The Fund is a diversified, closed-end management investment company that seeks to provide a high level of current income.
  • FTP is also a distributor of mutual fund shares and exchange-traded fund creation units.
  • Market risk is the risk that a particular security, or shares of a fund in general may fall in value.

First Trust High Income Long/Short Fund Declares its Monthly Common Share Distribution of $0.105 Per Share for November

Retrieved on: 
Monday, October 23, 2023
Professional Services, Finance, Loss, New York Life Insurance Company, Terrorism, NYSE, Infection, FINRA, ERISA, Government, Movement, Internal Revenue Code, FTA, Federal Reserve, Fraud, FSD, AIB (NI), Hedge fund, Investment, Judgement, Federal, Risk, FTP, COVID-19, Internal Revenue Code section 409A, LIBOR, Fund, London Interbank Bid Rate, Mackay, New York Stock Exchange, Uncertainty, Life insurance, Security (finance), Financial adviser, Financial services, Bank, Cryptocurrency, Public utility

First Trust High Income Long/Short Fund (the "Fund") (NYSE: FSD) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.105 per share payable on November 15, 2023, to shareholders of record as of November 2, 2023.

Key Points: 
  • First Trust High Income Long/Short Fund (the "Fund") (NYSE: FSD) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.105 per share payable on November 15, 2023, to shareholders of record as of November 2, 2023.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services.
  • FTP is also a distributor of mutual fund shares and exchange-traded fund creation units.

First Trust High Yield Opportunities 2027 Term Fund Declares its Monthly Common Share Distribution of $0.13 Per Share for November

Retrieved on: 
Monday, October 23, 2023
Other Professional Services, Asset Management, Professional Services, Finance, Terrorism, NYSE, Infection, FINRA, ERISA, Internal Revenue Code, FTA, Federal Reserve, AIB (NI), Judgement, Nationalization, Federal, Environment, Risk, FTP, COVID-19, Debt-to-GDP ratio, Internal Revenue Code section 409A, LIBOR, Fund, London Interbank Bid Rate, NAV, Investment, New York Stock Exchange, Uncertainty, Life insurance, Security (finance), Financial adviser, Bank

First Trust High Yield Opportunities 2027 Term Fund (the "Fund") (NYSE: FTHY) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.13 per share payable on November 27, 2023, to shareholders of record as of November 2, 2023.

Key Points: 
  • First Trust High Yield Opportunities 2027 Term Fund (the "Fund") (NYSE: FTHY) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.13 per share payable on November 27, 2023, to shareholders of record as of November 2, 2023.
  • The Fund has a practice of seeking to maintain a relatively stable, attractive monthly distribution which may be changed periodically.
  • High yield debt securities include U.S. and non-U.S. corporate debt obligations and senior, secured floating rate loans ("Senior Loans").
  • The Fund is not a "target term" Fund and its primary objective is to provide high current income.

First Trust Mortgage Income Fund Increases its Monthly Common Share Distribution to $0.07 Per Share for November

Retrieved on: 
Monday, October 23, 2023
Asset Management, Professional Services, Finance, Sale, Terrorism, NYSE, Infection, FINRA, ERISA, Internal Revenue Code, FTA, Federal Reserve, AIB (NI), Hedge fund, Investment, Judgement, Federal, Risk, FTP, COVID-19, Internal Revenue Code section 409A, LIBOR, Fund, London Interbank Bid Rate, FMY, Failure, New York Stock Exchange, Uncertainty, Real estate, Life insurance, Security (finance), Financial adviser, Bank, Credit

First Trust Mortgage Income Fund (the "Fund") (NYSE: FMY) has increased its regularly scheduled monthly common share distribution to $0.07 per share from $0.0675 per share.

Key Points: 
  • First Trust Mortgage Income Fund (the "Fund") (NYSE: FMY) has increased its regularly scheduled monthly common share distribution to $0.07 per share from $0.0675 per share.
  • The Fund is a diversified, closed-end management investment company that seeks to provide a high level of current income.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services.

First Trust New Opportunities MLP & Energy Fund Declares Monthly Common Share Distributions of $0.0375 Per Share for November, December and January

Retrieved on: 
Monday, October 23, 2023
Other Professional Services, Asset Management, Professional Services, Finance, Terrorism, Infection, FINRA, ERISA, Internal Revenue Code, FTA, Federal Reserve, AIB (NI), Hedge fund, Judgement, Federal, MLP, Growth, Risk, FTP, COVID-19, Internal Revenue Code section 409A, EIP, Fund, Investment, New York Stock Exchange, Uncertainty, Life insurance, Security (finance), Financial adviser, Financial services

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.

Key Points: 
  • 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.
  • To generate additional income, the Fund currently expects to write (or sell) covered call options on up to 35% of its managed assets.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services.

First Trust Energy Infrastructure Fund Declares its Monthly Common Share Distribution of $0.10 Per Share for November

Retrieved on: 
Monday, October 23, 2023
Professional Services, Finance, Petroleum, Policy, Security (finance), Terrorism, NYSE, Infection, FINRA, ERISA, Internal Revenue Code, FTA, Federal Reserve, Cyprus Securities and Exchange Commission, AIB (NI), Hedge fund, Investment, Judgement, Federal, MLP, Trustee, Risk, FTP, COVID-19, Internal Revenue Code section 409A, EIP, LIBOR, Plan, London Interbank Bid Rate, New York Stock Exchange, Uncertainty, Natural gas, Bank, Life insurance, Financial adviser, Fund

First Trust Energy Infrastructure Fund (the "Fund") (NYSE: FIF) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.10 per share payable on November 15, 2023, to shareholders of record as of November 2, 2023.

Key Points: 
  • First Trust Energy Infrastructure Fund (the "Fund") (NYSE: FIF) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.10 per share payable on November 15, 2023, to shareholders of record as of November 2, 2023.
  • Under the Plan, the Fund intends to continue to pay a recurring monthly distribution that reflects the distributable cash flow of the Fund.
  • The distribution may consist of net investment income earned by the Fund, net short-term and long-term capital gains and/or tax-deferred return of capital.
  • The Fund seeks to achieve its investment objectives by investing primarily in securities of companies engaged in the energy infrastructure sector.