FMP
First Trust MLP and Energy Income Fund
FEI
NYSE
Inactive Equity
First Trust MLP and Energy Income Fund is a closed-ended balanced mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Energy Income Partners LLC. It invests in the public equity and fixed income markets of the United States. The fund seeks to invest in securities of companies operating in the energy and energy utilities sectors. It primarily invests in equity and debt securities of MLPs and MLP-related entities, as well as in dividend paying growth stocks of companies. First Trust MLP and Energy Income Fund was formed on August 17, 2012 and is domiciled in the United States.
9.83 USD
0.02 (0.203%)
Historical Prices
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About
ceo
James M. Dykas
sector
Financial Services
industry
Asset Management - Income
exchange
NYSE
Description
First Trust MLP and Energy Income Fund is a closed-ended balanced mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Energy Income Partners LLC. It invests in the public equity and fixed income markets of the United States. The fund seeks to invest in securities of companies operating in the energy and energy utilities sectors. It primarily invests in equity and debt securities of MLPs and MLP-related entities, as well as in dividend paying growth stocks of companies. First Trust MLP and Energy Income Fund was formed on August 17, 2012 and is domiciled in the United States.
CIK
0001556336
ISIN
US33739B1044
CUSIP
33739B104
Address
120 East Liberty Drive
Phone
630-765-8000
Country
US
Employee
N/A
IPO Date
Nov 28, 2012
Financial Statement
Earnings
FEI Financial Summary
CIK
0001556336
Exchange
NYSE
Industry
Asset Management - I...
Sector
Financial Services
CUSIP
33739B104
ISIN
US33739B1044
Country
US
Price
9.83
Beta
1.31
Volume Avg.
119.06k
Market Cap
444.6M
Shares
-
52-Week
7.4-9.9
DCF
-2.04
ROE
-
ROA
-
Operating Margin
-
Debt/Equity
-
P/E
16.95
P/B
-
Website
https://www.ftportfolios.com/Retail/cef/cefsummary...
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Discounted Cashflow Model
Discounted Cashflow Model Levered
Free Cashflow Build-Up
Terminal Value
Intrinsic Value
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Market Information
Stock Value
Latest FEI News
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May 4, 2024
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Seeking Alpha
Mar 28, 2024
Weekly CEF Roundup: First Trust MLP CEF Mergers Approved, Sa...
5 out of 22 closed-end fund sectors positive on price and 1 out of 22 sectors positive on NAV. Saba targets BSTZ, while PDX moves to a monthly distribution. First Trust MLP CEF mergers are approved by shareholders.
Seeking Alpha
Mar 10, 2024
First Trust MLP and Energy Income Fund's Transition To ETF M...
First Trust MLP and Energy Income Fund is converting from a closed-end structure to an ETF structure, offering a potential 4.3% upside if assets trade around net asset value after the conversion. The transformation involves merging several closed-end pipeline funds into an ETF, including the First Trust Energy Infrastructure Fund. The merger of the MLP C Corp Funds should be tax-free to shareholders, but there may be a tax impact at the fund level.
Seeking Alpha
Mar 8, 2024
Weekly CEF Commentary | March 3, 2024 | PDX Makes The Change
Markets were flat, but upcoming events like the jobs report, PMIs, and ECB meeting are important.
Seeking Alpha
Nov 28, 2023
FEI: Proposed ETF Conversion Offers Arbitrage Opportunity
First Trust MLP and Energy Income Fund Common is a top-performing MLP/midstream CEF. A proposed ETF conversion offers arbitrage opportunity for FEI investors. The merger is expected to eliminate the CEF discount and provide an opportunity for investors to exit at NAV.
Seeking Alpha
Nov 12, 2023
CEF Weekly Review: The Best Kind Of CEF Merger
We review CEF market valuation and performance through the first week of November and highlight recent market action. CEFs experienced a rebound with all sectors rallying. REITs were in the lead with a nearly 14% gain. Several First Trust Energy/MLP CEFs have announced a merger into a new ETF which can drive both lower fees and discount amortization.
Seeking Alpha
Sep 18, 2023
FEI's Discount To NAV And Top Holding Make It Attractive
First Trust MLP and Energy Income Fund Common is an attractive alternative to the Alerian MLP ETF for income-oriented investors who want high yield without K-1s. FEI's top holdings are generally very solid stocks. FEI currently trades at a 13% discount to its NAV, making it an attractive option.
Seeking Alpha
Sep 14, 2023
FEI: Underperforms The Index, But Still A Good Fund
First Trust MLP and Energy Income Fund Common has delivered a solid performance among energy infrastructure funds with a 10.88% total return year-to-date. The FEI closed-end fund could continue to deliver respectable returns due to the potential undersupply of crude oil and rising energy prices. The fund invests in the common equity of midstream partnerships and corporations, providing access to a larger investment universe than the MLP index.
