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Stock impact report

First Trust Enhanced Equity Income Fund Declares its Quarterly Distribution of $0.285 Per Share

First Trust Enhanced Equity Income Fund (FFA) 
Company Research Source: Business Wire
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Enhanced Equity Income Fund (the "Fund") (NYSE: FFA) has declared the Fund's regularly scheduled quarterly distribution of $0.285 per share. The distribution will be payable on March 31, 2020, to shareholders of record as of March 23, 2020. The ex-dividend date is expected to be March 20, 2020. The quarterly distribution information for the Fund appears below.First Trust Enhanced Equity Income Fund (FFA):Distribution per share:$0.285Distribution Rate based on the March 9, 2020 NAV of $14.17:8.05%Distribution Rate based on the March 9, 2020 closing market price of $14.58:7.82%The Fund's Board of Trustees has approved a managed distribution policy for the Fund (the "Plan") in reliance on exemptive relief received from the Securities and Exchange Commission which permits the Fund to make periodic distributions of long-term capital gains more frequently than otherwise permitted with respect to its common shares subject to certain conditions. Show less Read more
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