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Summary Many midstream companies have a hierarchy for how they prioritize their different uses of capital and also have stated leverage targets, but a capital allocation framework takes this further by laying out multi-year plans with more quantifiable targets. Cheniere and Plains...
Summary FEN provides access to a very good portfolio of some of the best companies in the midstream sector. The closed-end fund has substantially underperformed the MLP index year-to-date. The fund includes electric utilities, which gives it a bit more diversification than the...
Summary Midstream dividend trends remained positive for 3Q22, with multiple examples of growth and no cuts. Comparing 3Q22 payouts with 3Q21, approximately 90% of the Alerian Midstream Energy Index (AMNA) and Alerian MLP Index (AMZ) by weighting have grown their payouts. Midst...
Summary US producers have demonstrated that they are capable of significant growth at a lower oil price level, so it can be baffling that production is not growing more at higher prices. Despite ample reserves, significant industry expertise in shale production, and financial ince...
Summary OPEC+ agreed to impose deep output cuts of 2 million barrels per day starting in November, expecting to spur a recovery in crude prices, despite calls from the U.S. to increase production to prop up the global economy. The European Union has approved the eighth round of sa...
Summary Energy infrastructure companies continue to make strides with clean energy initiatives – announcing new partnerships, projects, and acquisitions. From renewable fuels to carbon capture to hydrogen, the provisions in the Inflation Reduction Act support clean energy i...
Members of my CEF Insider service and I always look for big dividends we can collect for the long haul. I’m talking 8%+ payouts here, many of which come our way monthly . (This is possible with CEFs, and these funds’ discounts to net asset value, or NAV, give u...
Summary The Organization of the Petroleum Exporting Countries and its allies on 5 October announced plans to reduce oil production quotas by 2 million barrels a day (b/d) starting in November. While the oil market has rallied on the OPEC+ announcement, this retracement is rather m...
Summary 2 out of 23 CEF sectors positive on price and 0 out of 23 sectors positive on NAV last week. Tortoise tender offers are live. RIV rights offering. NCZ postpones its distribution. Author’s note: This article was released to CEF/ETF Income Lab...
Summary RICs cannot own more than 25% MLPs, and as a result, these funds tend to have lower yields than C-Corp funds that are 90-100% MLPs. Investors can gain exposure to MLPs through exchange-traded notes, which are unsecured debt obligations of an issuer. Investors can gain ...
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First Trust Energy Income and Growth Fund Company Name:
FEN Stock Symbol:
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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 Infrastru...
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 Infrastruc...
First Trust Energy Income and Growth Fund (the "Fund") (NYSE American: FEN) has declared its final common share distribution rate in the amount of $0.30 per share, which as previously announced on April 19, 2024, will be payable on May 2, 2024, to shareholders of record as of April 29, 2024. The ...