# First Trust Preferred Securities and Income ETF Cuts October Distribution About 18%

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/37523
Published: 2026-10-22T05:34:30.000Z
Updated: 2026-10-22T05:34:30.000Z
Section: Investing

> Oct. 21 was the record date and expected ex-dividend date. Payment is scheduled for Oct. 30.

The First Trust Preferred Securities and Income ETF set an October monthly distribution at $0.0818 per share, about 18% below its September amount of $0.0997 per share.

FPE trades on NYSE Arca. The fund is actively managed, with an investment objective that includes current income and total return.

Oct. 21 was the record date and the expected ex-dividend date. Payment is scheduled for Oct. 30.