First Trust Sets FSIG’s October Distribution at $0.0725 Per Share

First Trust Advisors L.P. set a $0.0725-per-share October distribution for First Trust Limited Duration Investment Grade Corporate ETF (FSIG), with payment scheduled for Oct. 30. The amount matches the fund’s September distribution. Oct. 21 was both the ex-dividend date and the record date. FSIG trades on NYSE Arca. The fund aims to generate current income and normally allocates at least 80% of its assets, including investment-purpose borrowings, to investment-grade corporate debt. The October payment is classified as monthly ordinary income, though its final tax treatment will be determined after year-end. Enna Lee reports on investing and digital-asset markets for TokenPost.

Source: TokenPost