First Trust Sets FUMB’s October Distribution at $0.044 Per Share

First Trust Advisors L.P. declared a $0.044-per-share October distribution for First Trust Ultra Short Duration Municipal ETF (FUMB) on Tuesday, Oct. 20, matching September’s payout and keeping the monthly amount unchanged.

The fund listed Wednesday, Oct. 21, as the expected ex-dividend and record date. Its September distribution of $0.044 per share was paid Sept. 30. Payment of the October distribution is scheduled for Oct. 30.

FUMB seeks federally tax-exempt income consistent with capital preservation. Under normal market conditions, it aims to invest at least 80% of its net assets, including investment borrowings, in municipal debt whose interest is exempt from regular federal income taxes.

The October distribution is classified as ordinary income per share. Final tax character for the year’s distributions is determined after year-end and may include short-term capital gains or return of capital.