Invesco SteelPath: Midstream Dividends Earning Trust Again

Investors have lost trust in the midstream energy sector. The midstream sector has performed well over the last few years but continues to trade at historically low multiples. Energy Transfer LP is a good example of a midstream company that is growing its dividend. Invesco believes the sector has earned trust back after years of turmoil.

Press Release: First Trust Announces Completion of Mergers

First Trust Announces Completion of Mergers of Energy Income Partners Enhanced Income ETF. The mergers were successfully completed prior to the opening of the NYSE Arca on May 6, 2024. Shares of the Target Funds were converted to newly-issued shares of EIPI. First Trust has $226 billion in assets under management.

Weekly Report: what happened at FEN last week (0429-0503)?

First Trust Announces Completion of Mergers

First Trust Advisors L.P. Announced the mergers of four of its funds into FT Energy Income Partners Enhanced Income ETF (NYSE Arca: EIPI) The mergers were successfully completed prior to the opening of the NYSE Arca on May 6, 2024. Shares of the Target Funds were converted to shares of EIPi.

First Trust Energy Inc & Growth: Additional definitive proxy soliciting materials and Rule 14(a)(12) material

First Trust Energy Inc & Growth: Additional definitive proxy soliciting materials and Rule 14(a)(12) material

Weekly Report: what happened at FEN last week (0422-0426)?

Press Release: First Trust Announces Date for the Mergers of First Trust Energy Income and Growth Fund, First Trust MLP and Energy Income Fund, First Trust New Opportunities MLP & Energy Fund and First Trust Energy Infrastructure Fund

First Trust Announces Date for the Mergers of First Trust Energy Income Partners Enhanced Income ETF. The mergers are expected to close on or about May 6, 2024. The funds will merge into a newly formed actively managed exchange-traded fund. First Trust is an investment advisor.

First Trust Energy Inc & Growth: Additional definitive proxy soliciting materials and Rule 14(a)(12) material

Weekly Report: what happened at FEN last week (0415-0419)?

Press Release: First Trust Energy Income and Growth Fund Declares Its Final Common Share Distribution Dates

First Trust Energy Income and Growth Fund Declares Its Final Common Share Distribution Dates. The final common share distribution is payable on May 2, 2024, to shareholders of record as of April 29, 2024. The Fund is a non-diversified, closed-end management investment company. The fund focuses on investing in the energy sector.

First Trust Energy Inc & Growth: Initial statement of beneficial ownership of securities

Weekly Report: what happened at FEN last week (0408-0412)?

First Trust Energy Income and Growth Fund raises quarterly dividend by 33.3% to $0.40/share

First Trust Energy Income and Growth Fund raises quarterly dividend by 33.3% to $0.40/share. Forward yield 9.77% Payable April 30; for shareholders of record April 23; ex-div April 22. First Trust Energy income and growth fund (FEN)

Reported Earlier, First Trust Energy Income And Growth Fund Increases Its Quarterly Distribution To $0.40/Share From $30/Share

Press Release: First Trust Energy Income and Growth Fund Increases its Quarterly Distribution to $0.40 Per Share

First Trust Energy Income and Growth Fund Increases its quarterly distribution to $0.40 per share. The increase is attributable to a portion of the Fund's estimated accumulated earnings and profits required to be distributed in connection with a merger. The Fund focuses on investing in MLPs in the energy sector.

Weekly Report: what happened at FEN last week (0401-0405)?

Weekly Report: what happened at FEN last week (0325-0329)?

FEN: Impending ETF Conversion Makes This Fund A Good Short-Term Play

First Trust Energy Income and Growth Fund offers investors a way to add midstream partnerships to retirement accounts without tax complications. The fund's current yield of 7.43% is lower than some other options in the midstream energy space. Fund is converting into an ETF within the next month, which will erase the fund's discount. Fund has historically performed well and did not decline as much as other funds during the COVID-19 pandemic.

Weekly CEF Roundup: First Trust MLP CEF Mergers Approved, Saba Buys BSTZ, PDX Goes Monthly

JPMorgan releases weekly closed-end fund roundup. First Trust MLP CEF mergers approved by shareholders. Saba targets BSTZ, while PDX moves to a monthly distribution. 5 out of 22 sectors positive on price and 1 of 22 positive on NAV.