|Distribution per share:|
Distribution Rate based on the ||5.70%|
Distribution Rate based on the ||6.00%|
Increase from previous distribution of ||0.93%|
It is anticipated that, due to the tax treatment of cash distributions made by the publicly-traded master limited partnerships (“MLPs”) in which the Fund invests, a significant portion of distributions the Fund makes to Common Shareholders may consist of a tax-deferred return of capital. The final determination of the source and tax status of all distributions paid in 2014 will be made after the end of 2014.
The Fund is a non-diversified, closed-end management investment company that seeks a high level of after-tax total return with an emphasis on current distributions paid to shareholders. The Fund focuses on investing in MLPs and related public entities in the energy sector which the Fund’s investment sub-advisor believes offer opportunities for income and growth.
Past performance is no assurance of future results. Investment return and principal 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: This closed-end fund invests in a portfolio consisting primarily of securities issued by MLPs. Investments in the Fund involves risks of fluctuations in energy prices, decreases in the supply of or demand for energy commodities, increased government regulation, national disasters and various other risks. The use of leverage for investment purposes increases both investment opportunity and investment risk. The risks of investing in the Fund are spelled out in the prospectus, shareholder report, and other regulatory filings.
The Fund’s daily NYSE MKT closing price and daily net asset value per share as well as other information are available at www.ftportfolios.com or by calling 1-800-988-5891.