First Trust MLP and Energy Income Fund (FEI)

Soreide Law Group is investigating claims of clients whose brokers/dealers or financial advisors recommended purchasing First Trust MLP and Energy Income Fund (NYSE: FEI) and have experienced losses in this Master Limited Partnership (MLP) which can be an extremely high-risk and complex investment, particularly for the conservative investor.
First Trust MLP&Energy Income Fund (FEI) recently declared a $0.05/share monthly dividend, which was a -50% decrease from the prior dividend of $0.10.
According to Yahoo Finance, First Trust MLP and Energy Income Fund is a closed-ended balanced mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Energy Income Partners LLC. It invests in the public equity and fixed income markets of the United States. The fund seeks to invest in securities of companies operating in the energy and energy utilities sectors. It primarily invests in equity and debt securities of MLPs and MLP-related entities, as well as in dividend paying growth stocks of companies. First Trust MLP and Energy Income Fund was formed on August 17, 2012 and is domiciled in the United States.
The global pandemic due to COVID-19 coronavirus has created major problems for corporate dividend programs as companies of all sizes try to raise cash and fortify their finances. As the coronavirus has gained momentum in the U.S., dividend investors have become concerned about the sustainability of their regular income payments. Oil prices are at a historically low price due to a rise in inventory and a fall in global demand which may have been a factor in FEI’s dividend price to decline over 50%.
Broker/dealers have an obligation to their clients to clearly explain the nature of MLPs, and their extreme risks and volatility.  These investments are not meant for the conservative, low-risk investor.
If you’ve experienced losses due to your broker/dealer recommending purchasing First Trust MLP and Energy Income Fund (FEI) contact Soreide Law Group and speak to a lawyer at no cost regarding the possible recovery of your investment losses through a FINRA arbitration at:  888-760-6552.
Soreide Law Group works on a contingency fee and represents our clients nationwide before FINRA.