Investors in First Trust Institutional Preferred Securities and Income ETF (FPEI) are scheduled to receive $0.0955 per share on Oct. 30, under a distribution set by First Trust Advisors L.P.
The calendar assigns Oct. 21 to each date: the expected ex-dividend date and the expected record date.
The distribution currently carries an ordinary-income classification; definitive tax treatment of 2026 payments is due after year-end.
FPEI’s active management pairs a current-income goal with a total-return objective, and its shares trade on NYSE Arca. In normal markets, institutional preferred securities and income-producing debt must account for at least 80% of the fund’s net assets, with investment borrowings included in that calculation.
