FIF CEF: Upcoming ETF Conversion Set To Erase 5.65% Discount [Seeking Alpha]
First Trust Energy Infrastructure Fund Common Shares of Beneficial Interest (FIF)
US:NYSE Investor Relations:
ftportfolios.com/retail/cef/cefsummary.aspx?ticker=fif
Company Research
Source: Seeking Alpha
The conversion is expected to happen in Q2 2024, potentially erasing the FIF CEF discount and providing a return of around 6.38% for investors. The underlying stocks in the portfolio have decent valuations and strong cash flows, making them attractive holdings. Looking for more investing ideas like this one? Get them exclusively at Special Situation Report. Learn More » First Trust Energy Infrastructure Fund NYSE: FIF ) is a pipeline-focused closed-end fund, or CEF, that will be converted into an exchange-traded fund, or ETF. Its discount to net asset value has narrowed to 5.65%. The conversion is supposed to take place in Q2 2024. I expect it to happen early in the 2nd quarter, but I could be mistaken. For a pipeline fund, this discount isn't particularly great. However, the conversion into an ETF is a very attractive catalyst. This conversion will instantly erase the discount to net asset value. It could happen as soon as April or as late as the end of May. A 5.65% discount
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FIF
News
- First Trust Energy Infrastructure Fund Issues Notice Regarding May 2024 DistributionBusiness Wire
- First Trust Energy Infrastructure Fund Declares its Final Common Share Distribution Rate of $0.15 Per ShareBusiness Wire
- First Trust Energy Infrastructure Fund Declares its Final Common Share Distribution DatesBusiness Wire
- First Trust Energy Infrastructure Fund Issues Notice Regarding April 2024 DistributionBusiness Wire
- First Trust Energy Infrastructure Fund Declares its Monthly Common Share Distribution of $0.10 Per Share for AprilBusiness Wire
FIF
Sec Filings
- 4/25/24 - Form NPORT-P
- 4/18/24 - Form 3
- 2/29/24 - Form 8-K
- FIF's page on the SEC website