First Trust MLP & Energy Income Fund

First Trust MLP & Energy Income Fund is a non-diversified, closed-end management investment company, which invests in a portfolio of cash-generating securities, publicly traded master limited partnerships, and MLP-related entities in the energy sector and energy utility industries. It has an objective of seeking a level of total return with an emphasis on current distributions paid to common shareholders. The company was founded on August 17, 2012 and is headquartered in Wilton, CT.

First Trust MLP & Energy Income Fund is a non-diversified, closed-end management investment company, which invests in a portfolio of cash-generating securities, publicly traded master limited partnerships, and MLP-related entities in the energy sector and energy utility industries. It has an objective of seeking a level of total return with an emphasis on current distributions paid to common shareholders. The company was founded on August 17, 2012 and is headquartered in Wheaton, IL.

BlackRock Science and Technology Trust II

First Trust Energy Income and Growth Fund

First Trust Energy Infrastructure Fund

First Trust New Opportunities Mlp & Energy Fund

Western Asset High Income Fund

PIMCO Dynamic Income Strategy Fund

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

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

First Trust MLP and Energy Income Fund is converting from a closed-end structure to an ETF structure, offering a potential 4.3% upside if assets trade around net asset value after the conversion. The transformation involves merging several closed-end pipeline funds into an ETF, including the First Trust Energy Infrastructure Fund. The merger of the MLP C Corp Funds should be tax-free to shareholders, but there may be a tax impact at the fund level.

First Trust MLP and Energy Income Fund's Transition To ETF Makes For Attractive Opportunity

Blackrock Income Trust

Virtus AllianzGI Convertible & Income 2024 Target Term Fund

Carlyle Credit Income Fund

MFS High Yield Municipal Trust

MFS High Income Municipal Trust

MFS Investment Grade Municipal Trust

Dreyfus High Yield Strategies Fund

Allspring Global Dividend Opportunity Fund

John Hancock Investors Trust

John Hancock Income Securities Trust

Deutsche Municipal Income Trust

Macquarie/ First Trust Global Infrastructure/ Utilities Dividend & Income Fund

MFS Municipal Income Trust

MFS Government Markets Income Trust

BlackRock Municipal Income Fund

Nuveen California Quality Municipal Income Fund

Nuveen Quality Municipal Income Fund

Nuveen New York Quality Muni Income Fund

Nuveen AMT-Free Quality Municipal Income Fund

Virtus Dividend Interest & Premium Strategy Fund

Markets were flat, but upcoming events like the jobs report, PMIs, and ECB meeting are important.

Weekly CEF Commentary | March 3, 2024 | PDX Makes The Change

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that shareholders of First Trust Energy Income and Growth Fund (NYSE American: FEN), First Trust MLP and Energy Income Fund (NYSE: FEI), First Trust New Opportunities MLP & Energy Fund (NYSE: FPL) and First Trust Energy Infrastructure Fund (NYSE: FIF) (the “Target Funds” or each, individually, a “Target Fund”), each a closed-end management investment company managed by FTA and sub-advised by Energy Income Part.

First Trust Announces Shareholder Approvals of the Mergers

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that the joint special meeting of shareholders of First Trust Energy Income and Growth Fund (NYSE American: FEN), First Trust MLP and Energy Income Fund (NYSE: FEI), First Trust New Opportunities MLP & Energy Fund (NYSE: FPL) and First Trust Energy Infrastructure Fund (NYSE: FIF) (the “Target Funds” or each, individually, a “Target Fund”) held on February 20, 2024 has been adjourned in order to permit addition.

First Trust Announces Adjournment of Joint Special Meeting of Shareholders

WHEATON, Ill.--(BUSINESS WIRE)--First Trust MLP and Energy Income Fund (the "Fund") (NYSE: FEI) has declared the Fund's monthly common share distributions for February, March and April of $0.05 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:   February March April Payable Date: 02/15/24 03/15/24 04/15/24 Record Date: 02/02/24 03/04/24 04/02/24 Expected Ex-Dividend Date: 02/01/24 03.

First Trust MLP and Energy Income Fund Declares Monthly Common Share Distributions of $0.05 Per Share for February, March and April

First Trust MLP and Energy Income Fund Common is a top-performing MLP/midstream CEF. A proposed ETF conversion offers arbitrage opportunity for FEI investors. The merger is expected to eliminate the CEF discount and provide an opportunity for investors to exit at NAV.

FEI: Proposed ETF Conversion Offers Arbitrage Opportunity

We review CEF market valuation and performance through the first week of November and highlight recent market action. CEFs experienced a rebound with all sectors rallying. REITs were in the lead with a nearly 14% gain. Several First Trust Energy/MLP CEFs have announced a merger into a new ETF which can drive both lower fees and discount amortization.

CEF Weekly Review: The Best Kind Of CEF Merger

Loncar China Biopharma ETF

Loncar Cancer Immunotherapy ETF

Parabla Innovation Etf

Advocate Rising Rate Hedge ETF

SPDR S&P 500 ETF Trust

AXS Brendan Wood TopGun Index ETF

Kurv Yield Premium Strategy Apple AAPL Etf

FT Cboe Vest Laddered Moderate Buffer ETF

Simplify Developed EX-US Plus Downside Convexity

Simplify Emerging Markets Equity Plus Downside Convexity ETF

Kurv Yield Premium Strategy Netflix NFLX ETF

Rayliant Quantamental Emerging Market Equity ETF

Kurv Yield Premium Strategy Tesla TSLA ETF

Xtrackers USD High Yield BB-B ex Financials ETF

FT Cboe Vest US Equity Moderate Buffer ETF - October

FT Cboe Vest US Equity Enhance & Moderate Buffer ETF - October

While the ETF industry didn't see over-the-top activity, the past week was fairly busy, with 11 new ETFs making their debut and six ETFs shutting down. Among the launches were two covered call funds from Goldman Sachs and a new fund from YieldMax that offers a covered call strategy tied to the stock of Moderna.

This Week in ETFs: 4 New Single-Stock Funds Debut

WHEATON, Ill.--(BUSINESS WIRE)--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. The payable, record and expected ex-dividend dates, as well as the distribution per share amount for these distributions are as follows:   November December January Payable Date: 11/15/23 12/15/23 01/16/24 Record Date: 11/02/23 12/04/23 01/03/24 Expected Ex-Dividend Date: 1.

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

First Trust MLP and Energy Income Fund Common is an attractive alternative to the Alerian MLP ETF for income-oriented investors who want high yield without K-1s. FEI's top holdings are generally very solid stocks. FEI currently trades at a 13% discount to its NAV, making it an attractive option.

FEI's Discount To NAV And Top Holding Make It Attractive

First Trust MLP and Energy Income Fund Common has delivered a solid performance among energy infrastructure funds with a 10.88% total return year-to-date. The FEI closed-end fund could continue to deliver respectable returns due to the potential undersupply of crude oil and rising energy prices. The fund invests in the common equity of midstream partnerships and corporations, providing access to a larger investment universe than the MLP index.

FEI: Underperforms The Index, But Still A Good Fund

WHEATON, Ill.--(BUSINESS WIRE)--First Trust MLP and Energy Income Fund (the "Fund") (NYSE: FEI) has declared the Fund's monthly common share distributions for August, September and October of $0.05 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:   August September October Payable Date: 08/15/23 09/15/23 10/16/23 Record Date: 08/02/23 09/05/23 10/03/23 Expected Ex-Dividend Date: 08/.

First Trust MLP and Energy Income Fund Declares Monthly Common Share Distributions of $0.05 Per Share for August, September and October

Energy consumption continues to grow exponentially as the world turns to Green Energy. The Green Revolution in energy is causing a boom in the natural gas sector. Power up your income stream with these two Energy Funds.

Bargain Alert! 2 'Monthly-Pay' Picks For High Income: FEN And FEI

WHEATON, Ill.--(BUSINESS WIRE)--First Trust MLP and Energy Income Fund (the "Fund") (NYSE: FEI) has declared the Fund's monthly common share distributions for May, June and July of $0.05 per share for each month.

First Trust MLP and Energy Income Fund Declares Monthly Common Share Distributions of $0.05 Per Share for May, June and July

We had three funds that were different in name only. Moving between them was based primarily on where they traded relative to NAV.

FEN And FEI: The Trade Is Now Done

Invesco Senior Loan ETF

Highland Income Fund

John Hancock Tax-Advantaged Dividend Income Fund

Barings Corporate Investors

NXG NextGen Infrastructure Income Fund

John Hancock Premium Dividend Fund

Tortoise Energy Infrastructure

Data aggregator websites such as Morningstar or CEFData are merely places to get initial ideas. With CEFs that can get rather niche and are actively managed, it becomes even more imperative as things change constantly.

Closed-End Funds: Misclassifications Can Lead To Misunderstanding

Three First Trust Funds are extremely similar and provide exposure to almost the same underlying holdings. We examine FEN and FEI today and give you our 2023 outlook.

Sell FEN And Buy FEI

Antero Midstream Partners

Enterprise Products Partners

The U.S. Dollar has appreciated massively against most other currencies. This has important investment implications; it is a negative for some stocks but it can be positive for certain positions in the fixed income sector.

The Strong Dollar And The Retiree

FEI is a closed-end energy infrastructure fund founded in 2012. Its 10-year total return is a loss.

FEI: Energy Infrastructure Fund Facing Major Risks

Alpine Global Dynamic Dividend Fund

Apollo Tactical Income Fund, Inc.

Alpine Total Dynamic Dividend Fund

Barings Global Short Duration High Yield Fund

Flaherty & Crumrine Dynamic Preferred & Income Fund

DoubleLine Yield Opportunities Fund

DoubleLine Income Solutions Fund

Stone Harbor Emerging Markets Total Income Fund

Western Asset Global High Income Fund

Flaherty & Crumrine Preferred Securities Income Fund Inc

Flaherty & Crumrine Total Return Fund Inc

Western Asset Global Corp Defined Opportunity Fund Inc

Western Asset High Income Opportunity Fund Inc

Pioneer Diversified High Income Trust

Nuveen Preferred & Income Opportunities Fund

Nuveen Real Asset Income & Growth Fund

PIMCO Dynamic Credit and Mortgage Income Fund

PIMCO Dynamic Income Fund

PIMCO Income Strategy Fund

Pioneer High Income Trust

Pimco Income Opportunity Fund

Only funds with yields over 6.5%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.

'High-High-Low' Closed-End Fund Report, November 2021

Kayne Anderson MLP Investment

Today we're going to dive into two closed-end funds (CEFs) that have what everyone is on the hunt for these days.

These 2 Big Oil Dividends Could Make 2022 Your Best Year Ever

Midstream companies are a great source of income and have rebounded with the recovery in energy prices.

FEI: This MLP Fund Is Looking Increasingly Attractive

Has a yield of 8.28%. This is attractive if the distribution can be supported.

Evaluating CEFs: FEI Continues To Bring Up The Rear In The MLP Sector

Aberdeen Income Credit Strategies Fund

Blackstone Long-Short Credit Income Fund

BlackRock Credit Allocation Income Trust

Credit Suisse Asset Management Income Fund

Doubleline Opportunistic Credit Fund

Western Asset Emerging Markets Debt Fund

PGIM Global High Yield Fund

John Hancock Preferred Income Fund

PGIM High Yield Bond Fund

RiverNorth Capital and Income Fund

Only funds with yields over 7%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.

The 'High-High-Low' Closed-End Fund Report, August 2021

News for First Trust MLP & Energy Income Fund ETF (FEI)