|Bid||6.24 x 3100|
|Ask||6.25 x 2200|
|Day's Range||6.15 - 6.35|
|52 Week Range||2.44 - 12.32|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.60 (10.05%)|
|Ex-Dividend Date||Dec 01, 2020|
|1y Target Est||N/A|
First Trust MLP and Energy Income Fund (the "Fund") (NYSE: FEI) has declared the Fund’s monthly common share distributions for November, December and January of $0.05 per share for each month.
Big pipeline operators like (EPD) (ticker: EPD), (MMP) (MMP), and (KMI) (KMI) are down an average of 44% this year, while the Alerian MLP index is off about 50%. The closed-end funds that focus on pipeline companies generally trade at discounts to their net asset values of 20% or more—the widest in the U.S. closed-end fund market, where the average discount is less than 10%. “You’re buying the funds at a discount to an asset class that is already discounted,” notes Rob Thummel, a portfolio manager at Tortoise, which runs a group of closed-end funds focused on energy infrastructure.
First Trust Advisors L.P. ("FTA") is pleased to announce that the Board of Trustees of each of First Trust Energy Income and Growth Fund (NYSE: FEN), First Trust New Opportunities MLP & Energy Fund (NYSE: FPL), First Trust MLP and Energy Income Fund (NYSE: FEI) and First Trust Energy Infrastructure Fund (NYSE: FIF) has authorized a Share Repurchase Program for each Fund. Pursuant to each Fund’s Share Repurchase Program, each Fund may, from time to time and at the direction of management personnel, repurchase up to the amount of shares in each Fund’s Share Repurchase Program described below in secondary market transactions in accordance with applicable law. Each Fund’s Share Repurchase Program will continue until the earlier of (i) the repurchase 5% of each Fund’s outstanding shares or (ii) March 15, 2021.