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Stock impact report

First Trust Announces Shareholder Approvals of the Mergers [Yahoo! Finance]

First Trust MLP and Energy Income Fund Common Shares of Beneficial Interest (FEI) 
Company Research Source: Yahoo! Finance
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 Infrastructure Fund (NYSE: FIF) (the "Target Funds" or each, individually, a "Target Fund"), each a closed-end management investment company managed by FTA and sub-advised by Energy Income Partners, LLC ("EIP"), approved the mergers of the Target Funds into FT Energy Income Partners Enhanced Income ETF ("EIPI"), a newly formed actively managed exchange-traded fund ("ETF") that will be traded on the NYSE Arca and will be managed by FTA and sub-advised by EIP, at a joint special meeting of shareholders on February 29, 2024. As previously announced, the mergers were approved by the Boards of Trustees of the Target Funds and EIPI on October 23, 2023. The Boards of Trustees of the Target Funds believe the mergers may benefit shareholders through (among other reasons) the following: An anticipated significant reducti Show less Read more
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