FFA News and Press, First Trust Enhanced Equity Income Fund From 11/15/22

Summary For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds are generally characterized by higher volatility and deeper drawdowns than the...

Summary FFA is an equity buy-write fund from a lesser known asset manager, namely First Trust. FFA's NAV outperforms on a 5-year time-frame when compared to better known names such as ETV and SPXX. The CEF however does not exhibit the same interest from the investor community ...

Summary Since our previous update, JCE remains at a premium - even ticking up a bit. Some alternatives could exist with better valuations, such as FFA and IGA. The fund could still be attractive as a "Hold" as it isn't grossly overvalued as it was just recently. Writte...

Please replace the release dated September 2, 2022, with the following corrected version due to multiple revisions. The updated release reads: FIRST TRUST ADVISORS L.P. ANNOUNCES PORTFOLIO MANAGER UPDATE FOR FIRST TRUST ENHANCED EQUITY INCOME FUND First Trust Advisors L....

The Board of Trustees of First Trust Enhanced Equity Income Fund (the "Fund") (NYSE: FFA), CUSIP 337318109, previously approved a managed distribution policy for the Fund (the "Managed Distribution Plan") in reliance on exemptive relief received from the Securities and Exchange Commissi...

Summary For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds are generally characterized by higher volatility and deeper drawdowns than the...

Summary MCN has been brought up in the past, but more recently, it seems to have been a more frequent occurrence. I've run across MCN previously, but I haven't looked at the fund too much in-depth. The fund utilizes a covered call-writing strategy, generating premiums and help...

FFA utilizes a call writing strategy split between index writing and covered calls. The fund has only one distribution cut in its history and has what I believe is a reasonable ~7% distribution rate on its NAV. The fund's current valuation makes it a tempting alternative to ETV, a...

NFJ has no leverage and utilizes a portfolio with equity and convertible exposure. As this was an AllianzGI fund, investors will be asked to vote on Voya becoming the new subadvisor. In this transition, no change in the portfolio team will occur as the manager will transition too....

The Board of Trustees of First Trust Enhanced Equity Income Fund (the "Fund") (NYSE: FFA), CUSIP 337318109, previously approved a managed distribution policy for the Fund (the "Managed Distribution Plan") in reliance on exemptive relief received from the Securities and Exchange Commissi...