First Trust Preferred Securities and Income ETF Cuts October Distribution About 18%
Photo: TokenPost
The First Trust Preferred Securities and Income ETF set an October monthly distribution at $0.0818 per share, about 18% below its September amount of $0.0997 per share. FPE trades on NYSE Arca. The fund is actively managed, with an investment objective that includes current income and total return. Oct. 21 was the record date and the expected ex-dividend date. Payment is scheduled for Oct. 30. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
