First Trust Dividend and Income Fund Declares Quarterly Distribution of $0.15 Per Share
10 Octobre 2013 - 10:24PM
Business Wire
First Trust Dividend and Income Fund (the "Fund") (NYSE: FAV)
today declared its regularly scheduled quarterly distribution
payable on October 31, 2013, to shareholders of record as of
October 24, 2013. The ex-dividend date is expected to be October
22, 2013. The quarterly distribution information for the Fund
appears below.
First Trust Dividend
and Income Fund (FAV):
Distribution per share: $0.15 Distribution Rate based
on the October 9, 2013 NAV of $9.29: 6.46% Distribution Rate based
on the October 9, 2013 closing market price of $8.18: 7.33%
The majority, and possibly all, of this distribution will be
paid out of net investment income earned by the Fund. A portion of
this distribution may come from net short-term realized capital
gains or return of capital. The final determination of the source
and tax status of all 2013 distributions will be made after the end
of 2013.
The Fund is a diversified, closed-end management investment
company that seeks to provide a high level of current income. As a
secondary objective, the Fund seeks to provide capital
appreciation. The Fund pursues these investment objectives by
investing at least 80% of its managed assets in a diversified
portfolio of dividend-paying multi-cap equity securities, debt
securities and senior, secured floating rate loans that offer the
potential for attractive income and/or capital appreciation.
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 $76 billion
as of September 30, 2013 through unit investment trusts,
exchange-traded funds, closed-end funds, mutual funds and separate
managed accounts.
Chartwell Investment Partners, L.P. (“Chartwell”) serves as the
Fund’s investment sub-advisor and is an employee-owned investment
firm focusing on institutional, sub-advisory, and private client
relationships. The firm is a research-based equity and fixed-income
manager with a disciplined, team-oriented investment process. At
September 30, 2013, Chartwell had approximately $6.8 billion in
assets under management.
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: Investment in this Fund involves
investment and market risk; management risk; sub-advisor risk;
value investing risk; dividend strategy risk; qualified dividend
tax risk; equity securities risk; small and medium cap company
risk; non-U.S. securities risk; and emerging markets risk. By
writing call options on equity securities held, the capital
appreciation potential of the equity securities is limited;
however, the potential for capital depreciation is unlimited. The
risks of investing in the Fund are spelled out in the prospectus,
shareholder report and other regulatory filings.
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.
First Trust Dividend and Income FundPress Inquiries: Jane Doyle,
630-765-8775Analyst Inquiries: Jeff Margolin, 630-915-6784Broker
Inquiries: Jeff Margolin, 630-915-6784
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