Company Website:
http://www.ftportfolios.com/
WHEATON, Ill. -- (Business Wire)
First Trust Dynamic Europe Equity Income Fund (the "Fund") (NYSE: FDEU)
has declared the Fund’s regularly scheduled monthly common share
distribution in the amount of $0.121 per share payable on February 15,
2018, to shareholders of record as of February 2, 2018. The ex-dividend
date is expected to be February 1, 2018. The monthly distribution
information for the Fund appears below.
First Trust Dynamic Europe Equity Income
Fund (FDEU): |
Distribution per share:
|
|
|
$0.121
|
Distribution Rate based on the January 19, 2018 NAV of $20.54:
| | |
7.07%
|
Distribution Rate based on the January 19, 2018 closing market price
of $19.87:
| | |
7.31%
|
| | |
|
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. Under the Plan, the Fund intends to continue to pay a
monthly distribution in the amount of $0.121 per share. A portion of
this monthly distribution may include long-term capital gains. This may
result in a reduction of the long-term capital gain distribution
necessary at year end by distributing long-term capital gains throughout
the year. The annual distribution rate is independent of the Fund's
performance during any particular period. Accordingly, you should not
draw any conclusions about the Fund's investment performance from the
amount of any distribution or from the terms of the Plan.
This distribution may consist of net investment income earned by the
Fund, net short-term and long-term capital gains and/or tax deferred
return of capital. The final determination of the source and tax status
of all distributions paid in 2018 will be made after the end of 2018 and
will be provided on Form 1099-DIV.
The Fund is a non-diversified, closed-end management investment company
that seeks to provide a high level of current income. As a secondary
objective, the Fund seeks to focus on capital appreciation. The Fund
will seek to achieve its investment objective by investing at least 80%
of its Managed Assets in a portfolio of equity securities of European
companies of any market capitalization, including, but not limited to,
common and preferred stocks that pay dividends, depositary receipts and
real estate investment trusts. The Fund will seek to focus its equity
investments on income-producing securities. The Fund will also seek to
utilize a dynamic currency hedging process, which will include, at the
discretion of the portfolio managers, the use of forward foreign
currency exchange contracts to hedge a portion of the Fund's currency
exposure. To generate additional income, the Fund will write (or sell)
call options on portfolio equity securities and certain broad-based
securities indices in an amount up to 40% of the value of its Managed
Assets.
First Trust Advisors L.P., the Fund's investment advisor, along with its
affiliate, First Trust Portfolios L.P., are privately-held companies
which provide a variety of investment services, including asset
management and financial advisory services, with collective assets under
management or supervision of approximately $118 billion as of December
31, 2017 through unit investment trusts, exchange-traded funds,
closed-end funds, mutual funds and separate managed accounts.
Henderson Global Investors (North America) Inc. ("Henderson") serves as
the Fund's investment sub-advisor. Henderson is an indirect,
wholly-owned subsidiary of Janus Henderson Group plc ("Janus Henderson
Group", d/b/a Janus Henderson Investors). Janus Henderson Investors is
headquartered in London and is a global investment management firm that
provides a full spectrum of investment products and services to clients
around the world. Janus Henderson Investors was formed as a result of a
"merger of equals" on May 30, 2017 in which Henderson Group plc and
Janus Capital Group Inc. combined their operations to form a new active
management firm that - together - builds on the strengths and
capabilities of their respective organizations. With offices in 27
cities with more than 2,000 employees, Janus Henderson Investors managed
approximately $360.5 billion in assets as of September 30, 2017.
Past performance is no assurance of future results. Investment return
and market value of an investment in the Fund will fluctuate. Shares,
when sold, may be worth more or less than their original cost.
Principal Risk Factors: The Fund is subject to risks, including the fact
that it is a non-diversified closed-end management investment company.
Because the Fund will invest primarily in securities of non-U.S.
issuers, which are generally denominated in non-U.S. currencies, there
are risks not typically associated with investing in securities of U.S.
issuers. Non-U.S. issuers are subject to higher volatility than
securities of U.S. issuers. An investor may lose money if the local
currency of a non-U.S. market depreciates against the U.S. dollar.
Investments in securities of issuers located in emerging market
countries are considered speculative and there is a heightened risk of
investing in emerging markets securities.
The Fund will engage in practices and strategies that will result in
exposure to fluctuations in foreign exchange rates, thus subjecting it
to foreign currency risk.
The Fund's use of derivatives may result in losses greater than if they
had not been used, may require the Fund to sell or purchase portfolio
securities at inopportune times, may limit the amount of appreciation
the Fund can realize on an investment, or may cause the Fund to hold a
security that it might otherwise sell.
Use of leverage can result in additional risk and cost, and can magnify
the effect of any losses.
The risks of investing in the Fund are spelled out in the shareholder
reports and other regulatory filings.
The information presented is not intended to constitute an investment
recommendation for, or advice to, any specific person. By providing this
information, First Trust is not undertaking to give advice in any
fiduciary capacity within the meaning of ERISA and the Internal Revenue
Code. First Trust has no knowledge of and has not been provided any
information regarding any investor. Financial advisors must determine
whether particular investments are appropriate for their clients. First
Trust believes the financial advisor is a fiduciary, is capable of
evaluating investment risks independently and is responsible for
exercising independent judgment with respect to its retirement plan
clients.
The Fund’s daily closing New York Stock Exchange price and net asset
value per share as well as other information can be found at www.ftportfolios.com
or by calling 1-800-988-5891.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180122006575/en/
Contacts:
First Trust Dynamic Europe Equity Income Fund
Press Inquiries: Jane
Doyle, 630-765-8775
Analyst Inquiries: Jeff Margolin, 630-915-6784
Broker
Inquiries: Jeff Margolin, 630-915-6784
Source: First Trust Dynamic Europe Equity Income Fund
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