First Belief Vitality Infrastructure Fund Will increase its Month-to-month Widespread Share Distribution to $0.065 Per Share for February

WHEATON, Unwell., January 23, 2023–(BUSINESS WIRE)–First Belief Vitality Infrastructure Fund (the “Fund”) (NYSE: FIF) has elevated its frequently scheduled month-to-month widespread share distribution to $0.065 per share from $0.0645 per share. The distribution will likely be payable on February 15, 2023, to shareholders of file as of February 2, 2023. The ex-dividend date is predicted to be February 1, 2023. The month-to-month distribution info for the Fund seems beneath.

The Fund’s Board of Trustees has accredited a managed distribution coverage for the Fund (the “Plan”) in reliance on exemptive reduction acquired from the Securities and Change Fee which allows the Fund to make periodic distributions of long-term capital beneficial properties as often as month-to-month every tax yr. Underneath the Plan, the Fund intends to proceed to pay a recurring month-to-month distribution that displays the distributable money circulate of the Fund. A portion of this month-to-month distribution could embody long-term capital beneficial properties. This may occasionally end in a discount of the long-term capital achieve distribution obligatory at yr finish by distributing long-term capital beneficial properties all year long. The annual distribution charge is impartial of the Fund’s efficiency throughout any explicit interval. Accordingly, you shouldn’t draw any conclusions concerning the Fund’s funding efficiency from the quantity of any distribution or from the phrases of the Plan.

The distribution could encompass web funding revenue earned by the Fund, web short-term and long-term capital beneficial properties and/or tax-deferred return of capital. Tax-deferred return of capital, if any, is primarily as a result of tax remedy of money distributions made by master-limited partnerships (“MLPs”) through which the Fund invests. The ultimate dedication of the supply of tax standing of all 2023 distributions will likely be made after the tip of 2023 and will likely be offered on Kind 1099-DIV.

The Fund is a non-diversified, closed-end administration funding firm that seeks to supply a excessive degree of complete return with an emphasis on present distributions paid to shareholders. The Fund seeks to attain its funding targets by investing primarily in securities of firms engaged within the vitality infrastructure sector. These firms principally embody publicly-traded MLPs and restricted legal responsibility firms taxed as partnerships, MLP associates, YieldCos, pipeline firms, utilities, and different firms that derive a minimum of 50% of their revenues from working or offering providers in assist of infrastructure property akin to pipelines, energy transmission and petroleum and pure fuel storage within the petroleum, pure fuel and energy technology industries (collectively, “Vitality Infrastructure Firms”). To generate extra revenue, the Fund expects to write down (or promote) coated name choices on as much as 35% of the managed property held within the Fund’s portfolio.

First Belief Advisors L.P. (“FTA”) is a federally registered funding advisor and serves because the Fund’s funding advisor. FTA and its affiliate First Belief Portfolios L.P. (“FTP”), a FINRA registered broker-dealer, are privately-held firms that present quite a lot of funding providers. FTA has collective property below administration or supervision of roughly $190 billion as of December 31, 2022 by unit funding trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts. FTA is the supervisor of the First Belief unit funding trusts, whereas FTP is the sponsor. FTP can also be a distributor of mutual fund shares and exchange-traded fund creation models. FTA and FTP are based mostly in Wheaton, Illinois.

Vitality Revenue Companions, LLC (“EIP”) serves because the Fund’s funding sub-advisor and supplies advisory providers to a lot of funding firms and partnerships for the aim of investing in MLPs and different vitality infrastructure securities. EIP is without doubt one of the early funding advisors specializing on this space. As of December 31, 2022, EIP managed or supervised roughly $5.2 billion in consumer property.

Principal Danger Components: Dangers are inherent in all investing. Sure dangers relevant to the Fund are recognized beneath, which incorporates the danger that you may lose some or your whole funding within the Fund. The principal dangers of investing within the Fund are spelled out within the Fund’s annual shareholder stories. The order of the beneath danger elements doesn’t point out the importance of any explicit danger issue. The Fund additionally recordsdata stories, proxy statements and different info that’s obtainable for overview.

Previous efficiency is not any assurance of future outcomes. Funding return and market worth of an funding within the Fund will fluctuate. Shares, when bought, could also be price roughly than their unique price. There could be no assurance that the Fund’s funding targets will likely be achieved. The Fund will not be applicable for all traders.

Securities held by a fund, in addition to shares of a fund itself, are topic to market fluctuations attributable to elements akin to common financial situations, political occasions, regulatory or market developments, modifications in rates of interest and perceived traits in securities costs. Shares of a fund might decline in worth or underperform different investments on account of the danger of loss related to these market fluctuations. As well as, native, regional or world occasions akin to battle, acts of terrorism, unfold of infectious ailments or different public well being points, recessions, or different occasions might have a big unfavorable impression on a fund and its investments. Such occasions could have an effect on sure geographic areas, nations, sectors and industries extra considerably than others. In February 2022, Russia invaded Ukraine which has triggered and will proceed to trigger important market disruptions and volatility throughout the markets in Russia, Europe, and the US. The hostilities and sanctions ensuing from these hostilities might have a big impression on sure fund investments in addition to fund efficiency. The COVID-19 world pandemic and the following insurance policies enacted by governments and central banks have triggered and should proceed to trigger important volatility and uncertainty in world monetary markets. Whereas the U.S. has resumed “fairly” regular enterprise exercise, many nations proceed to impose lockdown measures. Moreover, there isn’t a assure that vaccines will likely be efficient towards rising variants of the illness.

The Fund is topic to dangers, together with the truth that it’s a non-diversified closed-end administration funding firm.

As a result of the Fund is concentrated in securities issued by vitality infrastructure firms, will probably be extra inclined to adversarial financial or regulatory occurrences affecting that trade, together with excessive curiosity prices, excessive leverage prices, the consequences of financial slowdown, surplus capability, elevated competitors, uncertainties in regards to the availability of gasoline at affordable costs, the consequences of vitality conservation insurance policies and different elements. Investments in securities of MLPs contain sure dangers completely different from or along with the dangers of investing in widespread shares. The variety of energy-related MLPs has declined since 2014. The trade is witnessing the consolidation or simplification of company buildings the place the MLP sleeve of capital is being eradicated. Because of the foregoing, the Fund’s MLP investments might change into much less various and the Fund could improve its non-MLP investments per its funding goal and insurance policies. Modifications in tax legal guidelines or rules, or interpretations thereof sooner or later, might adversely have an effect on the Fund or the MLPs, MLP-related entities and different vitality sector and vitality utility firms through which the Fund invests.

The Fund invests in securities of non-U.S. issuers that are topic to greater volatility than securities of U.S. issuers. As a result of the Fund invests in non-U.S. securities, it’s possible you’ll lose cash if the native foreign money of a non-U.S. market depreciates towards the U.S. greenback.

There could be no assurance as to what portion of the distributions paid to the Fund’s Widespread Shareholders will encompass tax-advantaged certified dividend revenue.

To the extent a fund invests in floating or variable charge obligations that use the London Interbank Provided Fee (“LIBOR”) as a reference rate of interest, it’s topic to LIBOR Danger. The UK’s Monetary Conduct Authority, which regulates LIBOR has ceased making LIBOR obtainable as a reference charge over a phase-out interval that started December 31, 2021. There isn’t a assurance that any various reference charge, together with the Secured In a single day Financing Fee (“SOFR”) will likely be much like or produce the identical worth or financial equivalence as LIBOR or that devices utilizing another charge could have the identical quantity or liquidity. The unavailability or substitute of LIBOR could have an effect on the worth, liquidity or return on sure fund investments and should end in prices incurred in reference to closing out positions and coming into into new trades. Any potential results of the transition away from LIBOR on the fund or on sure devices through which the fund invests could be troublesome to establish, they usually could differ relying on quite a lot of elements, they usually might end in losses to the fund.

As the author (vendor) of a name choice, the Fund forgoes, in the course of the lifetime of the choice, the chance to revenue from will increase out there worth of the portfolio safety overlaying the choice above the sum of the premium and the strike value of the decision choice however retains the danger of loss ought to the value of the underlying safety decline. The worth of name choices written by the Fund could also be adversely affected if the marketplace for the choice is lowered or turns into illiquid. There could be no assurance {that a} liquid market will exist when the Fund seeks to shut out an choice place.

If short-term rates of interest are decrease than the Fund’s mounted charge of fee on an rate of interest swap, the swap will scale back widespread share web earnings. As well as, a default by the counterparty to a swap transaction might additionally negatively impression the efficiency of the widespread shares.

Use of leverage may end up in extra danger and price, and might amplify the impact of any losses.

The dangers of investing within the Fund are spelled out within the shareholder stories and different regulatory filings.

The data offered isn’t supposed to represent an funding advice for, or recommendation to, any particular individual. By offering this info, First Belief isn’t enterprise to offer recommendation in any fiduciary capability throughout the which means of ERISA, the Inner Income Code or every other regulatory framework. Monetary professionals are accountable for evaluating funding dangers independently and for exercising impartial judgment in figuring out whether or not investments are applicable for his or her purchasers.

The Fund’s each day closing New York Inventory Change value and web asset worth per share in addition to different info could be discovered at https://www.ftportfolios.com or by calling 1-800-988-5891.

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Contacts

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