Market Overview

First Trust Enhanced Equity Income Fund Issues Notice Regarding September 2019 Distribution

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The Board of Trustees of First Trust Enhanced Equity Income Fund (the "Fund") (NYSE:FFA), CUSIP 337318109, previously approved a managed distribution policy for the Fund (the "Managed Distribution Plan") in reliance on exemptive relief received from the Securities and Exchange Commission which permits the Fund to make periodic distributions of long-term capital gains more frequently than otherwise permitted with respect to its common shares subject to certain conditions.

The Fund has declared a distribution payable on September 30, 2019, to shareholders of record as of September 23, 2019, with an ex-dividend date of September 20, 2019. This Notice is meant to provide you information about the sources of your Fund's distributions. You should not draw any conclusions about the Fund's investment performance from the amount of its distribution or from the terms of its Managed Distribution Plan.

The following tables set forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year to date for the Fund from the following sources: net investment income ("NII"); net realized short-term capital gains ("STCG"); net realized long-term capital gains ("LTCG"); and return of capital ("ROC"). These estimates are based upon information projected through September 30, 2019, are calculated based on a generally accepted accounting principles ("GAAP") basis and include the prior fiscal year-end undistributed net investment income. The amounts and sources of distributions are expressed per common share.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5 Yr. Avg.

           

Annualized Current

 

Annual Total

Fund

 

Fund

 

Fiscal

 

Total Current

 

Current Distribution ($)

 

Current Distribution (%)

 

Dist. Rate as a

 

Return

Ticker

 

Cusip

 

Year End

 

Distribution

 

NII

STCG

LTCG

ROC (2)

 

NII

STCG

LTCG

ROC(2)

 

% of NAV(3)

 

on NAV(4)

FFA (5)

 

337318109

 

12/31/2019

 

$0.28500

 

$0.05768

-

-

$0.22732

 

20.24%

-

-

79.76%

 

7.17%

 

6.92%

               
               
     

Total

     

Cumulative

 

Cumulative Fiscal

Fund

 

Fund

 

Fiscal

 

Cumulative Fiscal YTD

 

Cumulative Distributions Fiscal YTD ($)

 

Cumulative Distributions Fiscal YTD (%)

 

Fiscal YTD Distributions as

 

YTD Total Return

Ticker

 

Cusip

 

Year End

 

Distributions(1)

 

NII

STCG

LTCG

ROC (2)

 

NII

STCG

LTCG

ROC(2)

 

a % of NAV(3)

 

on NAV(4)

FFA (5)

 

337318109

 

12/31/2019

 

$0.85500

 

$0.17305

-

-

$0.68195

 

20.24%

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