WHEATON, Ill.--(BUSINESS WIRE)--The Board of Trustees of First Trust Enhanced Equity Income Fund (the "Fund") (NYSE: FFA), CUSIP 337318109, previously approved a managed distribution policy for the Fund (the "Managed Distribution Plan") in reliance on exemptive relief received from the Securities and Exchange Commission which permits the Fund to make periodic distributions of long-term capital gains more frequently than otherwise permitted with respect to its common shares subject to certain conditions. The ...

Core Insights - First Trust Enhanced Equity Income Fund (NYSE: FFA) is a closed-end fund designed to generate attractive total returns through a diverse equity portfolio [1] - The fund aims to combine classic dividend growth stocks with Business Development Companies, REITs, and Closed End Funds to enhance investment income while achieving total returns comparable to traditional index funds [1] Fund Structure and Strategy - FFA's primary objective is to provide a hybrid investment approach that balances growth and income [1] - The fund's strategy includes a focus on high-quality dividend stocks and assets with long-term growth potential [1] Performance Comparison - The total return strategy of FFA is positioned to be on par with the S&P index, indicating a competitive performance in the market [1]

Core Insights - First Trust Enhanced Equity Income Fund (NYSE: FFA) is a closed-end fund designed to generate attractive total returns through a diverse equity portfolio [1] - The fund aims to combine classic dividend growth stocks with Business Development Companies, REITs, and Closed End Funds to enhance investment income while achieving total returns comparable to traditional index funds [1] Fund Structure and Strategy - FFA's primary objective is to provide a hybrid investment approach that balances growth and income [1] - The fund's strategy includes a focus on high-quality dividend stocks and other assets that have long-term growth potential [1] Performance Comparison - The total return strategy of FFA is positioned to be on par with the S&P index, indicating a competitive performance in the market [1]