FIRST TR/ABERDEEN EMERG OPT
SymbolFEO

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First Trust/Aberdeen Emerging Opportunity Fund Declares a Quarterly Distribution of $0.35 per Share

2009-06-10 16:33 ET - News Release


Company Website: http://www.ftportfolios.com
WHEATON, Ill. -- (Business Wire)

First Trust/Aberdeen Emerging Opportunity Fund (the "Fund") (NYSE: FEO) today declared a regularly scheduled quarterly distribution of $0.35 per share. This represents a decrease of $0.04 per share from the $0.39 per share distribution of the previous quarter. The distribution will be payable on June 30, 2009 to shareholders of record as of June 23, 2009. The ex-dividend date is expected to be June 19, 2009. The quarterly distribution information for the Fund appears below.

 

First Trust/Aberdeen Emerging Opportunity Fund (FEO):

Distribution per share:

$0.35

Distribution rate based on the June 9, 2009 NAV of $16.82:

8.32%

Distribution rate based on the June 9, 2009 closing market price of $13.97:

10.02%

Decrease from previous distribution of $0.39 per share:

-10.26%

 

This change returns the distribution to the level of its initial quarterly distribution of $0.35 per share paid from the Fund’s inception through September 2007. The distribution was increased to $0.39 per share in September 2007 as a result of returns from investments in emerging markets at that time.

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