Key Developments: First Trust Energy Income and Growth Fund (FEN)
34.50USD
24 May 2013
$0.15 (+0.44%)
$34.35
$34.27
$34.51
$34.20
86,257
110,681
$36.45
$27.45
Latest Key Developments (Source: Significant Developments)
First Trust Energy Income and Growth Fund Commences Public Offering Of Common Shares
First Trust Energy Income and Growth Fund announced that it has commenced a public offering of 2,500,000 common shares of beneficial interest. The Fund also intends to grant the underwriters a 45-day option to purchase up to 375,000 additional common shares to cover over-allotments, if any. Net proceeds from the offering will be used to make additional portfolio investments that are consistent with the Fund's investment objective and for general corporate purposes. Morgan Stanley, Citigroup and RBC Capital Markets are acting as joint book-running managers for the offering. Oppenheimer & Co., Baird, BB&T Capital Markets and Janney Montgomery Scott are acting as co-lead managers for the offering. Full Article
First Trust Energy Income and Growth Fund Increases Its Quarterly Distribution To $0.515 Per Share
First Trust Energy Income and Growth Fund announced that it has increased its regularly scheduled quarterly distribution to $0.515 per share from $0.510 per share. The distribution will be payable on April 30, 2013 to shareholders of record as of April 24, 2013. The ex-dividend date is expected to be April 22, 2013. Full Article
First Trust Energy Income and Growth Fund Increases Quarterly Distribution To $0.51 Per Share
First Trust Energy Income and Growth Fund announced that it has increased its regularly scheduled quarterly distribution to $0.51 per share from $0.50 per share. The distribution will be payable on January 31, 2013 to shareholders of record as of January 24, 2013. The ex-dividend date is expected to be January 22, 2013. Full Article
First Trust Energy Income and Growth Fund Increases Quarterly Distribution To $0.50 Per Share
First Trust Energy Income and Growth Fund announced that it has increased its regularly scheduled quarterly distribution to $0.50 per share from $0.49 per share. The distribution will be payable on October 31, 2012 to shareholders of record as of October 24, 2012. The ex-dividend date is expected to be October 22, 2012. Full Article
First Trust Energy Income and Growth Fund Prices Public Offering Of 2,400,000 Common Shares
First Trust Energy Income and Growth Fund announced the pricing of a public offering of common shares. The Fund agreed to sell a total of 2,400,000 common shares at a price to the public of $30.50 per share (exclusive of 360,000 common shares that the underwriters may purchase pursuant to a 45-day option to cover over-allotments). Net proceeds from the offering of approximately $70.3 million will be used to make additional portfolio investments that are consistent with the Fund’s investment objective and policies, and for general corporate purposes. The offering is scheduled to close on July 31, 2012. Morgan Stanley, Citigroup and RBC Capital Markets are acting as joint book-running managers for the offering. Oppenheimer & Co. and Robert W. Baird & Co. are acting as co-lead managers for the offering. Full Article
Energy Income and Growth Fund Commences Public Offering Of Common Shares
Energy Income and Growth Fund announced that it has commenced a public offering of 2,800,000 common shares of beneficial interest. The Fund also intends to grant the underwriters a 45-day option to purchase up to 420,000 additional common shares to cover over-allotments, if any. Net proceeds from the offering will be used to make additional portfolio investments that are consistent with the Fund’s investment objective and for general corporate purposes. Full Article
Energy Income and Growth Fund Announces Name Change
Energy Income and Growth Fund announced that its Board of Trustees has approved a name change for the Fund to First Trust Energy Income and Growth Fund. The Fund will continue to trade under the same ticker symbol FEN, however its CUSIP will change to 33738G104 from 292697109, effective on March 19, 2012. The name change will be reflected on the NYSE AMEX on March 19, 2012. Full Article
Energy Income and Growth Fund Increases Quarterly Distribution To $0.48 Per Share
Energy Income and Growth Fund announced that it has increased its regularly scheduled quarterly distribution to $0.48 per share from $0.475 per share. The distribution will be payable on January 31, 2012 to shareholders of record as of January 24, 2012. The ex-dividend date is expected to be January 20, 2012. Full Article
Energy Income and Growth Fund Commences Public Offering Of Common Shares
Energy Income and Growth Fund announced that it has commenced a public offering of 2,800,000 common shares of beneficial interest. The Fund also intends to grant the underwriters a 45-day option to purchase up to 420,000 additional common shares to cover over-allotments, if any. Net proceeds from the offering will be used to make additional portfolio investments that are consistent with the Fund’s investment objective and for general corporate purposes. Morgan Stanley, Citi and RBC Capital Markets are acting as joint book-running managers for the offering. Oppenheimer & Co. and Robert W. Baird & Co. are acting as co-lead managers for the offering. Full Article
Energy Income and Growth Fund Increases Quarterly Distribution To $0.47 Per Share
Energy Income and Growth Fund announced that it has increased its regularly scheduled quarterly distribution to $0.47 per share from $0.465 per share. The distribution will be payable on July 29, 2011 to shareholders of record as of July 25, 2011. The ex-dividend date is expected to be July 21, 2011. Full Article
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