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The latest announcement is out from First Trust MLP & Energy Income Fund (FEI).
Shareholders of four First Trust energy-focused investment funds have given the green light for a strategic consolidation into the newly formed FT Energy Income Partners Enhanced Income ETF. This move, orchestrated by FirstTrust Advisors and sub-advised by Energy Income Partners, aims to transition the funds to a single, actively managed ETF platform, enhancing potential growth and trading on the NYSE Arca. The merger, detailed in a recent press release, reflects a significant shift in investment structure for stakeholders.
See more data about FEI stock on TipRanks’ Stock Analysis page.