Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries First Trust Announces Completion of Mergers By: First Trust Advisors L.P. via Business Wire May 06, 2024 at 11:22 AM EDT First Trust Advisors L.P. (“FTA”) announced today that the mergers 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”), into FT Energy Income Partners Enhanced Income ETF (NYSE Arca: EIPI), were successfully completed prior to the opening of the NYSE Arca on May 6, 2024. Through the mergers, wholly-owned subsidiaries of EIPI acquired all of the assets and liabilities of the Target Funds in tax-free transactions, and shares of each Target Fund were converted to newly-issued shares of EIPI in an aggregate amount equal to the value of the net assets of each Target Fund. The transactions took place based upon the Target Funds’ closing net asset values on May 3, 2024. The exchange ratios at which shares of the Target Funds were converted to shares of EIPI are listed below: Ticker Fund Name Exchange Ratio FEN First Trust Energy Income and Growth Fund 0.880285 FEI First Trust MLP and Energy Income Fund 0.541658 FPL First Trust New Opportunities MLP & Energy Fund 0.428077 FIF First Trust Energy Infrastructure Fund 1 FTA is a federally registered investment advisor and serves as the investment advisor of EIPI. FTA and its affiliate First Trust Portfolios L.P. (“FTP”), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services. FTA has collective assets under management or supervision of approximately $226 billion as of March 28, 2024 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts. FTA is the supervisor of the First Trust unit investment trusts, while FTP is the sponsor. FTP is also a distributor of mutual fund shares and exchange-traded fund creation units. FTA and FTP are based in Wheaton, Illinois. View source version on businesswire.com: https://www.businesswire.com/news/home/20240506774316/en/Contacts Jeff Margolin – (630) 517-7643 Daniel Lindquist – (630) 765-8692 Chris Fallow – (630) 517-7628 Ryan Issakainen – (630) 765-8689 Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
First Trust Announces Completion of Mergers By: First Trust Advisors L.P. via Business Wire May 06, 2024 at 11:22 AM EDT First Trust Advisors L.P. (“FTA”) announced today that the mergers 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”), into FT Energy Income Partners Enhanced Income ETF (NYSE Arca: EIPI), were successfully completed prior to the opening of the NYSE Arca on May 6, 2024. Through the mergers, wholly-owned subsidiaries of EIPI acquired all of the assets and liabilities of the Target Funds in tax-free transactions, and shares of each Target Fund were converted to newly-issued shares of EIPI in an aggregate amount equal to the value of the net assets of each Target Fund. The transactions took place based upon the Target Funds’ closing net asset values on May 3, 2024. The exchange ratios at which shares of the Target Funds were converted to shares of EIPI are listed below: Ticker Fund Name Exchange Ratio FEN First Trust Energy Income and Growth Fund 0.880285 FEI First Trust MLP and Energy Income Fund 0.541658 FPL First Trust New Opportunities MLP & Energy Fund 0.428077 FIF First Trust Energy Infrastructure Fund 1 FTA is a federally registered investment advisor and serves as the investment advisor of EIPI. FTA and its affiliate First Trust Portfolios L.P. (“FTP”), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services. FTA has collective assets under management or supervision of approximately $226 billion as of March 28, 2024 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts. FTA is the supervisor of the First Trust unit investment trusts, while FTP is the sponsor. FTP is also a distributor of mutual fund shares and exchange-traded fund creation units. FTA and FTP are based in Wheaton, Illinois. View source version on businesswire.com: https://www.businesswire.com/news/home/20240506774316/en/Contacts Jeff Margolin – (630) 517-7643 Daniel Lindquist – (630) 765-8692 Chris Fallow – (630) 517-7628 Ryan Issakainen – (630) 765-8689
First Trust Advisors L.P. (“FTA”) announced today that the mergers 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”), into FT Energy Income Partners Enhanced Income ETF (NYSE Arca: EIPI), were successfully completed prior to the opening of the NYSE Arca on May 6, 2024. Through the mergers, wholly-owned subsidiaries of EIPI acquired all of the assets and liabilities of the Target Funds in tax-free transactions, and shares of each Target Fund were converted to newly-issued shares of EIPI in an aggregate amount equal to the value of the net assets of each Target Fund. The transactions took place based upon the Target Funds’ closing net asset values on May 3, 2024. The exchange ratios at which shares of the Target Funds were converted to shares of EIPI are listed below: Ticker Fund Name Exchange Ratio FEN First Trust Energy Income and Growth Fund 0.880285 FEI First Trust MLP and Energy Income Fund 0.541658 FPL First Trust New Opportunities MLP & Energy Fund 0.428077 FIF First Trust Energy Infrastructure Fund 1 FTA is a federally registered investment advisor and serves as the investment advisor of EIPI. FTA and its affiliate First Trust Portfolios L.P. (“FTP”), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services. FTA has collective assets under management or supervision of approximately $226 billion as of March 28, 2024 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts. FTA is the supervisor of the First Trust unit investment trusts, while FTP is the sponsor. FTP is also a distributor of mutual fund shares and exchange-traded fund creation units. FTA and FTP are based in Wheaton, Illinois. View source version on businesswire.com: https://www.businesswire.com/news/home/20240506774316/en/
Jeff Margolin – (630) 517-7643 Daniel Lindquist – (630) 765-8692 Chris Fallow – (630) 517-7628 Ryan Issakainen – (630) 765-8689