First Trust New Opportunities Mlp & Energy Fund

First Trust New Opportunities MLP & Energy Fund is a closed-end investment fund, which engages in seeking a high level of total return with an emphasis on current distributions paid to common shareholders. The company was founded on October 15, 2013 and is headquartered in Wheaton, IL.

First Trust MLP & Energy Income Fund

First Trust Energy Income and Growth Fund

First Trust Energy Infrastructure Fund

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that the mergers of First Trust Energy Income and Growth Fund (NYSE American: FEN), First Trust MLP and Energy Income Fund (NYSE: FEI), First Trust New Opportunities MLP & Energy Fund (NYSE: FPL), and First Trust Energy Infrastructure Fund (NYSE: FIF) (the “Target Funds” or each, individually, a “Target Fund”), into FT Energy Income Partners Enhanced Income ETF (NYSE Arca: EIPI), were successfully completed pr.

First Trust Announces Completion of Mergers

MLP CEFs are taking corporate actions to close discount gaps, with some engaging in share repurchases and others merging into ETFs. FPL, an MLP CEF, is set to merge into the FT Energy Income Partners Enhanced Income ETF (EIPI) in May 2024. Buying FPL now offers a 2% discount to NAV that will disappear after the merger, and investors will have exposure to the MLP asset class in an unleveraged and less volatile structure.

FPL: Merger Arbitrage Opportunity In The MLP CEF Space

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that the mergers of First Trust Energy Income and Growth Fund (NYSE American: FEN), First Trust MLP and Energy Income Fund (NYSE: FEI), First Trust New Opportunities MLP & Energy Fund (NYSE: FPL) and First Trust Energy Infrastructure Fund (NYSE: FIF) (the “Target Funds” or each, individually, a “Target Fund”), each a closed-end management investment company managed by FTA and sub-advised by Energy Income Partn.

First Trust Announces Date for the Mergers of First Trust Energy Income and Growth Fund, First Trust MLP and Energy Income Fund, First Trust New Opportunities MLP & Energy Fund and First Trust Energy Infrastructure Fund

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Western Asset High Income Fund

PIMCO Dynamic Income Strategy Fund

5 out of 22 closed-end fund sectors positive on price and 1 out of 22 sectors positive on NAV. Saba targets BSTZ, while PDX moves to a monthly distribution. First Trust MLP CEF mergers are approved by shareholders.

Weekly CEF Roundup: First Trust MLP CEF Mergers Approved, Saba Buys BSTZ, PDX Goes Monthly

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Deutsche Municipal Income Trust

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Nuveen California Quality Municipal Income Fund

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Markets were flat, but upcoming events like the jobs report, PMIs, and ECB meeting are important.

Weekly CEF Commentary | March 3, 2024 | PDX Makes The Change

FT Energy Income Partners Enhanced Income Etf

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that shareholders of First Trust Energy Income and Growth Fund (NYSE American: FEN), First Trust MLP and Energy Income Fund (NYSE: FEI), First Trust New Opportunities MLP & Energy Fund (NYSE: FPL) and First Trust Energy Infrastructure Fund (NYSE: FIF) (the “Target Funds” or each, individually, a “Target Fund”), each a closed-end management investment company managed by FTA and sub-advised by Energy Income Part.

First Trust Announces Shareholder Approvals of the Mergers

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that the joint special meeting of shareholders of First Trust Energy Income and Growth Fund (NYSE American: FEN), First Trust MLP and Energy Income Fund (NYSE: FEI), First Trust New Opportunities MLP & Energy Fund (NYSE: FPL) and First Trust Energy Infrastructure Fund (NYSE: FIF) (the “Target Funds” or each, individually, a “Target Fund”) held on February 20, 2024 has been adjourned in order to permit addition.

First Trust Announces Adjournment of Joint Special Meeting of Shareholders

WHEATON, Ill.--(BUSINESS WIRE)--First Trust New Opportunities MLP & Energy Fund (the "Fund") (NYSE: FPL) has declared the Fund's monthly common share distributions for February, March and April of $0.0375 per share for each month. The payable, record and expected ex-dividend dates, as well as the distribution per share amount for these distributions are as follows:   February March April Payable Date: 02/15/24 03/15/24 04/15/24 Record Date: 02/02/24 03/04/24 04/02/24 Expected Ex-Dividend Da.

First Trust New Opportunities MLP & Energy Fund Declares Monthly Common Share Distributions of $0.0375 Per Share for February, March and April

The First Trust New Opportunities MLP & Energy Fund provides a way for retirees and savers to invest in master limited partnerships and midstream infrastructure companies. FPL has a yield of 6.47%, higher than some energy infrastructure corporations and the S&P 500 Index. It is, unfortunately, lower than what peer funds possess. The fund's performance has been strong, outperforming the Alerian MLP Index and delivering better returns even after distributions are included.

FPL: Impending Merger Creates Opportunity For Significant Gains (Rating Upgrade)

We review CEF market valuation and performance through the first week of November and highlight recent market action. CEFs experienced a rebound with all sectors rallying. REITs were in the lead with a nearly 14% gain. Several First Trust Energy/MLP CEFs have announced a merger into a new ETF which can drive both lower fees and discount amortization.

CEF Weekly Review: The Best Kind Of CEF Merger

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While the ETF industry didn't see over-the-top activity, the past week was fairly busy, with 11 new ETFs making their debut and six ETFs shutting down. Among the launches were two covered call funds from Goldman Sachs and a new fund from YieldMax that offers a covered call strategy tied to the stock of Moderna.

This Week in ETFs: 4 New Single-Stock Funds Debut

WHEATON, Ill.--(BUSINESS WIRE)--First Trust New Opportunities MLP & Energy Fund (the "Fund") (NYSE: FPL) has declared the Fund's monthly common share distributions for November, December and January of $0.0375 per share for each month. The payable, record and expected ex-dividend dates, as well as the distribution per share amount for these distributions are as follows:   November       December       January Payable Date: 11/15/23       12/15/23       01/16/24 Record Date: 11/02/23       1.

First Trust New Opportunities MLP & Energy Fund Declares Monthly Common Share Distributions of $0.0375 Per Share for November, December and January

First Trust New Opps MLP & Energy Fund is a closed-end fund that primarily invests in midstream master limited partnerships and electric utilities. The fund has historically underperformed the Alerian MLP Index and has a lower yield. Despite its underperformance, the FPL fund is trading at a significant discount to its net asset value, which could present an opportunity for investors.

FPL: Attractive Discount And Solid Yield, But A History Of Underperformance

WHEATON, Ill.--(BUSINESS WIRE)--First Trust New Opportunities MLP & Energy Fund (the "Fund") (NYSE: FPL) has declared the Fund's monthly common share distributions for August, September and October of $0.0375 per share for each month. The payable, record and expected ex-dividend dates, as well as the distribution per share amount for these distributions are as follows:   August September October Payable Date: 08/15/23 09/15/23 10/16/23 Record Date: 08/02/23 09/05/23 10/03/23 Expected Ex-Div.

First Trust New Opportunities MLP & Energy Fund Declares Monthly Common Share Distributions of $0.0375 Per Share for August, September and October

WHEATON, Ill.--(BUSINESS WIRE)--First Trust New Opportunities MLP & Energy Fund (the "Fund") (NYSE: FPL) has declared the Fund's monthly common share distributions for May, June and July of $0.0375 per share for each month.

First Trust New Opportunities MLP & Energy Fund Declares Monthly Common Share Distributions of $0.0375 Per Share for May, June and July

FPL: Underwhelming Compared To The Index But Not Too Bad

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Data aggregator websites such as Morningstar or CEFData are merely places to get initial ideas. With CEFs that can get rather niche and are actively managed, it becomes even more imperative as things change constantly.

Closed-End Funds: Misclassifications Can Lead To Misunderstanding

Master limited partnerships are perfect for many investors looking for income, but they can be hard to include in a retirement account. FPL invests in a reasonably good portfolio of midstream partnerships and can be included in a tax-advantaged account.

FPL: Buy This MLP Fund At A Huge Discount Today

First Trust New Opportunities MLP & Energy Fund is a closed end fund focusing on MLP equities. FPL has a very high standard deviation of 40.7 while offering only a 7.2% yield.

FPL: MLP CEF With A 7.2% Yield, High Volatility

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Devon Energy

First Trust Natural Gas ETF

Cheniere Energy

Magellan Midstream Partners

Marathon Oil

Matador Resources

VOC Energy

With the caveat that this has been a highly volatile space, we offer a dozen energy sector stocks and ETF favorites from contributing advisors at MoneyShow.com.

12 Oil & Gas Favorites To Power Your Portfolio

FPL was the highest-scoring DxYxZ fund in the High-High-Low report. It is a relatively conservative MLP/midstream CEF with an above-average track record.

FPL: A Conservative MLP/Midstream CEF At A -10.17% Discount, 7.60% Distribution Yield

First Trust New Opportunities MLP & Energy Fund has done well since our last bullish call. The pricing has dropped on a relative basis to its sister fund, First Trust Energy Income & Growth Fund.

FPL: A Switch From FEN Makes Sense

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PIMCO Dynamic Credit and Mortgage Income Fund

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PIMCO Income Strategy Fund

Pioneer High Income Trust

Pimco Income Opportunity Fund

Only funds with yields over 6.5%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.

'High-High-Low' Closed-End Fund Report, November 2021

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PGIM High Yield Bond Fund

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Only funds with yields over 6.50%, coverage higher than 80% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.

News for First Trust New Opportunities Mlp & Energy Fund ETF (FPL)