UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
| Date of report (Date of earliest event reported) | June 16, 2020 |
| First Trust Enhanced Equity Income Fund |
| (Exact Name of Registrant as Specified in its Charter) |
| Massachusetts | 811-21586 | 30-0261406 |
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
|
120 East Liberty Drive, Suite 400 Wheaton, Illinois |
60187 |
| (Address of Principal Executive Offices) | (Zip Code) |
| Registrant's telephone number, including area code | (630) 765-8000 |
| (Former Name or Former Address, if Changed Since Last Report.) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD Disclosure.
First Trust Enhanced Equity Income Fund (the "Fund") is filing herewith a press release issued on June 17, 2020, as Exhibit 99.1. The press release was issued by First Trust Advisors L.P. to report that Chartwell Investment Partners, LLC, the Fund's investment sub-advisor, will release an update on the market and the Fund on June 19, 2020. Details regarding the access to the update are contained in the press release included herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit | ||
| Number | Description | |
| 99.1 | Press release of First Trust Advisors L.P. dated June 17, 2020. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| FIRST TRUST ENHANCED EQUITY INCOME FUND | |||
| Date | June 17, 2020 | /s/ W. Scott Jardine | |
| Name: W. Scott Jardine | |||
| Title: Secretary |
EXHIBIT INDEX
| Exhibit | ||
| Number | Description | |
| 99.1 | Press release of First Trust Advisors L.P. dated June 17, 2020. |
| PRESS RELEASE | SOURCE: First Trust Advisors L.P. |
First Trust Advisors L.P. Announces Portfolio Manager Update for First Trust Enhanced Equity Income Fund
WHEATON, IL — (BUSINESS WIRE) — June 17, 2020 — 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 advisors and investors. The update will be available Friday, June 19, 2020, at 5:00 P.M. Eastern Time until 11:59 P.M. Eastern Time on Monday, July 20, 2020. To listen to the update, follow these instructions:
| -- | Dial: (888) 203-1112; International (719) 457-0820; Passcode # 2093965. The update will be available from Friday, June 19, 2020, at 5:00 P.M. Eastern Time until 11:59 P.M. Eastern Time on Monday, July 20, 2020. |
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 and by writing (selling) covered call options on a portion of the equity securities in the fund’s portfolio.
FTA is a federally registered investment advisor and serves as the Funds’ 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 $135 billion as of May 31, 2020 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 investment sub-advisor for FFA 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 May 31, 2020, Chartwell had approximately $8.8 billion in assets under management.
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.
Principal Risk Factors: Securities held by a Fund, as well as shares of a Fund itself, are subject to market fluctuations caused by factors such 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 of the risk of loss associated with these market fluctuations. In addition, local, regional or global events such as war, acts of terrorism, spread of infectious diseases or other public health issues, recessions, or other events could have a significant negative impact on a fund and its investments. Such events may affect certain geographic regions, countries, sectors and industries more significantly than others. The outbreak of the respiratory disease designated as COVID-19 in December 2019 has caused significant volatility and declines in global financial markets, which have caused losses for investors. The impact of this COVID-19 pandemic may last for an extended period of time, and will continue to impact the economy for the foreseeable future.
Equity securities prices fluctuate for several reasons, including changes in investors’ perceptions of the financial condition of an issuer or the general condition of the relevant stock market, or when political or economic events affecting the issuers or their industries occur.
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.
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 risks of investing in the Fund are spelled out in the prospectus, shareholder report 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 advisors 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 (800) 988-5891.
CONTACT: JEFF MARGOLIN - (630) 915-6784
____________________________
Source: First Trust Advisors L.P.