First Trust Advisors L.P. scheduled an Oct. 30 payment of $0.1375 per share for First Trust Income Opportunities ETF (FCEF). The fund's October distribution is the same amount as its September payout.
For this payment, Oct. 14 served as the shareholder record date and the ex-dividend date. An ordinary-income label currently applies to the per-share distribution, while final tax treatment will be set after year-end. That treatment may reflect short-term gains realized by the fund or a return of capital.
FCEF is actively managed and invests in closed-end funds and exchange-traded funds traded on U.S. exchanges. FCEF's mandate puts current income ahead of total return.
