First Trust Municipal High Income ETF (FMHI) Sets $0.179 October Payout

First Trust Advisors L.P. declared an October distribution of $0.179 per share for First Trust Municipal High Income ETF (FMHI), matching the fund’s September payout.

The ETF set Oct. 30 as its payment date, with Oct. 21 as both its ex-dividend and record date. FMHI trades on Nasdaq and seeks income exempt from regular federal income taxes.

The fund normally must invest at least 80% of its net assets in municipal obligations that pay interest exempt from regular federal income tax. The distribution is classified as ordinary income; its final tax treatment for the year will be determined after year-end.