First Trust Keeps FSMB’s October Distribution at $0.054 Per Share

First Trust Advisors L.P. set the First Trust Short Duration Managed Municipal ETF’s (FSMB) October distribution at $0.054 per share, unchanged from September. Payment is scheduled for Oct. 30.

The fund listed Oct. 21 as the expected ex-dividend date and the record date. FSMB trades on NYSE Arca.

FSMB aims to generate income exempt from regular federal income taxes while seeking to preserve capital. In normal conditions, municipal obligations with interest exempt from regular federal income taxes make up at least 80% of its net assets.

The payment is classified as ordinary income per share, but its final tax treatment will be determined after year-end. Ordinary distributions may include short-term gains realized by the fund or a return of capital.

A separate First Trust fund, First Trust Managed Municipal ETF (FMB), has an October distribution of $0.159 per share, also scheduled for Oct. 30.