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MFD - MFD Cuts Distribution By -16.7% But I Still Prefer MGU
Macquarie First Trust Global
This article was first released to CEF/ETF Income Laboratory subscribers 3 weeks ago, so data may be out of date. Please check latest data before making investment decisions.
Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (MFD) was the big cutter this week, reducing its distribution by -16.7%, from $0.30 to $0.25 per quarter. As stated in the press release, the reason for cutting the distribution was as follows:
In seeking to balance the Fund's objectives of providing a high level of current return consisting of dividends, interest and other similar income