First Trust Advisors L.P. ("FTA") announced today that Chartwell
Investment Partners LLC ("Chartwell"), investment sub-advisor for
First Trust Enhanced Equity Income Fund (NYSE: FFA) (the "Fund"),
will release an update on the market and the Fund for financial
professionals and investors. To listen to the update, click on the
following link:
FFA Replay 9/28/2023
The update will be available Thursday, September 28, 2023, at
5:00 P.M. Eastern Time until 11:59 P.M. Eastern Time on Saturday,
October 28, 2023
The Fund is a diversified, closed-end management investment
company that seeks to provide a high level of current income and
gains and, to a lesser extent, capital appreciation. The Fund seeks
to achieve its investment objective by investing in a diversified
portfolio of equity securities.
FTA is a federally registered investment advisor and serves as
the Fund's investment advisor. FTA and its affiliate First Trust
Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are
privately-held companies that provide a variety of investment
services. FTA has collective assets under management or supervision
of approximately $202 billion as of August 31, 2023 through unit
investment trusts, exchange-traded funds, closed-end funds, mutual
funds and separate managed accounts. FTA is the supervisor of the
First Trust unit investment trusts, while FTP is the sponsor. FTP
is also a distributor of mutual fund shares and exchange-traded
fund creation units. FTA and FTP are based in Wheaton,
Illinois.
Chartwell Investment Partners, LLC ("Chartwell") serves as the
Fund's investment sub-advisor and is an investment firm focusing on
institutional, sub-advisory, and private client relationships. The
firm is a research-based equity and fixed-income manager with a
disciplined, team-oriented investment process. As of August 31,
2023, Chartwell had approximately $11.1 billion in assets under
management.
Principal Risk Factors: Risks are inherent in all investing.
Certain risks applicable to the Fund are identified below, which
includes the risk that you could lose some or all of your
investment in the Fund. The principal risks of investing in the
Fund are spelled out in the Fund's annual shareholder reports. The
order of the below risk factors does not indicate the significance
of any particular risk factor. The Fund also files reports, proxy
statements and other information that is available for
review.
Past performance is no assurance of future results. Investment
return and market value of an investment in the Fund will
fluctuate. Shares, when sold, may be worth more or less than their
original cost. There can be no assurance that the Fund's investment
objectives will be achieved. The Fund may not be appropriate for
all investors.
Market risk is the risk that a particular security, or shares of
a fund in general may fall in value. Securities are subject to
market fluctuations caused by such factors as general economic
conditions, political events, regulatory or market developments,
changes in interest rates and perceived trends in securities
prices. Shares of a fund could decline in value or underperform
other investments as a result. In addition, local, regional or
global events such as war, acts of terrorism, spread of infectious
disease or other public health issues, recessions, natural
disasters or other events could have significant negative impact on
a fund.
Current market conditions risk is the risk that a particular
investment, or shares of the fund in general, may fall in value due
to current market conditions. As a means to fight inflation, the
Federal Reserve and certain foreign central banks have raised
interest rates and expect to continue to do so, and the Federal
Reserve has announced that it intends to reverse previously
implemented quantitative easing. Recent and potential future bank
failures could result in disruption to the broader banking industry
or markets generally and reduce confidence in financial
institutions and the economy as a whole, which may also heighten
market volatility and reduce liquidity. In February 2022, Russia
invaded Ukraine which has caused and could continue to cause
significant market disruptions and volatility within the markets in
Russia, Europe, and the United States. The hostilities and
sanctions resulting from those hostilities have and could continue
to have a significant impact on certain fund investments as well as
fund performance and liquidity. The COVID-19 global pandemic, or
any future public health crisis, and the ensuing policies enacted
by governments and central banks have caused and may continue to
cause significant volatility and uncertainty in global financial
markets, negatively impacting global growth prospects.
Shares of closed-end investment companies such as the Fund
frequently trade at a discount from their net asset value. The Fund
cannot predict whether its common shares will trade at, below or
above net asset value.
The Fund may write (sell) covered call options on all or a
portion of the equity securities held in the Fund's portfolio. The
use of options may require the Fund to sell portfolio securities at
inopportune times or for prices other than current market values,
may limit the amount of appreciation the Fund can realize on an
investment, or may cause the Fund to hold an equity security that
it might otherwise sell.
Premiums from writing (selling) call options and dividends and
interest payments made by the securities in the Fund's portfolio
can vary widely over time.
An adverse event affecting an issuer of equity securities, such
as an unfavorable earnings report, may depress the value of a
particular equity security held by the Fund. Also, the prices of
equity securities are sensitive to general movements in the stock
market and a drop in the stock market may depress the prices of
equity securities to which the Fund has exposure. There is no
guarantee that the issuers of the equity securities in which the
Fund invests will declare dividends in the future or that if
declared they will remain at current levels. There can be no
assurance as to what portion of the distributions paid to the
Fund's Common Shareholders will consist of tax-advantaged qualified
dividend income.
Investment in non-U.S. securities is subject to the risk of
currency fluctuations and to economic and political risks
associated with such foreign countries.
The Fund may not invest 25% or more of its total assets in
securities of issuers in any single industry. If the Fund is
focused in an industry, it may present more risks than if it were
broadly diversified over numerous industries of the economy.
The risks of investing in the Fund are spelled out in the
shareholder reports and other regulatory filings.
The information presented is not intended to constitute an
investment recommendation for, or advice to, any specific person.
By providing this information, First Trust is not undertaking to
give advice in any fiduciary capacity within the meaning of ERISA,
the Internal Revenue Code or any other regulatory framework.
Financial professionals are responsible for evaluating investment
risks independently and for exercising independent judgment in
determining whether investments are appropriate for their
clients.
The Fund’s daily closing New York Stock Exchange price and net
asset value per share as well as other information can be found at
www.ftportfolios.com or by calling 1-800-988-5891.
Source: First Trust Advisors L.P.
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