First Trust's FMNY Sets October Distribution at $0.085 Per Share

First Trust Advisors L.P. set a monthly distribution of $0.085 per share for First Trust New York Municipal High Income ETF (FMNY), with payment scheduled for Oct. 30. The expected ex-dividend and record dates were Oct. 21. The amount matches the fund’s September distribution. The distribution is classified as ordinary income. Its final tax characterization is determined after year-end. FMNY’s primary objective is current income exempt from regular federal and New York income taxes. Its secondary objective is long-term capital appreciation. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost