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     136  0 Kommentare First Trust New Opportunities MLP & Energy Fund Declares Monthly Common Share Distributions of $0.0375 Per Share for May, June and July

    First Trust New Opportunities MLP & Energy Fund (the "Fund") (NYSE: FPL) has declared the Fund’s monthly common share distributions for May, June and July of $0.0375 per share for each month.

    The payable, record and expected ex-dividend dates, as well as the distribution per share amount for these distributions are as follows:

     

    May

    June

    July

    Payable Date:

    05/17/21

    06/15/21

    07/15/21

    Record Date:

    05/04/21

    06/02/21

    07/02/21

    Expected Ex-Dividend Date:

    05/03/21

    06/01/21

    07/01/21

    Distribution Per Share:

    $0.0375

    $0.0375

    $0.0375

    The monthly distribution information for the Fund appears below.

    First Trust New Opportunities MLP & Energy Fund (FPL):

    Distribution per share:

    $0.0375

    Distribution Rate based on the April 19, 2021 NAV of $6.11:

    7.36%

    Distribution Rate based on the April 19, 2021 closing market price of $5.38:

    8.36%

    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 2021 distributions will be made after the end of 2021 and will be provided on Form 1099-DIV.

    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. To generate additional income, the Fund currently expects to write (or sell) covered call options on up to 35% of its managed assets. The Fund is treated as a regular corporation, or a "C" corporation, for United States federal income tax purposes and, as a result, is subject to corporate income tax to the extent the Fund recognizes taxable income.

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    First Trust New Opportunities MLP & Energy Fund Declares Monthly Common Share Distributions of $0.0375 Per Share for May, June and July First Trust New Opportunities MLP & Energy Fund (the "Fund") (NYSE: FPL) has declared the Fund’s monthly common share distributions for May, June and July of $0.0375 per share for each month. The payable, record and expected ex-dividend dates, as …