{"id":385677,"date":"2020-11-19T16:49:21","date_gmt":"2020-11-19T21:49:21","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=385677"},"modified":"2020-11-19T16:49:21","modified_gmt":"2020-11-19T21:49:21","slug":"first-trust-energy-infrastructure-fund-declares-its-monthly-common-share-distribution-of-0-0625-per-share-for-december","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/first-trust-energy-infrastructure-fund-declares-its-monthly-common-share-distribution-of-0-0625-per-share-for-december\/","title":{"rendered":"First Trust Energy Infrastructure Fund Declares its Monthly Common Share Distribution of $0.0625 Per Share for December"},"content":{"rendered":"<p>        <!--.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwpadl0 { padding-left: 0px }\n.bwpadr0 { padding-right: 0px }\n.bwtablemarginb { margin-bottom: 10px }\n.bwuline { text-decoration: underline }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignt { vertical-align: top }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>First Trust Energy Infrastructure Fund Declares its Monthly Common Share Distribution of $0.0625 Per Share for December<\/b><\/p>\n<p>WHEATON, Ill.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nFirst Trust Energy Infrastructure Fund (the &#8220;Fund&#8221;) (NYSE: FIF) has declared the Fund\u2019s regularly scheduled monthly common share distribution in the amount of $0.0625 per share payable on December 15, 2020, to shareholders of record as of December 2, 2020. The ex-dividend date is expected to be December 1, 2020. The monthly distribution information for the Fund appears below.\n<\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><span class=\"bwuline\">First Trust Energy Infrastructure Fund (FIF):<\/span><\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\" \/><\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nDistribution per share:\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n$0.0625\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nDistribution Rate based on the November 18, 2020 NAV of $12.31:\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n6.09%\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nDistribution Rate based on the November 18, 2020 closing market price of $10.70:\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n7.01%\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\nThe Fund&#8217;s Board of Trustees has approved a managed distribution policy for the Fund (the &#8220;Plan&#8221;) in reliance on exemptive relief received from the Securities and Exchange Commission which permits the Fund to make periodic distributions of long-term capital gains as frequently as monthly each tax year. Under the Plan, the Fund intends to continue to pay its recurring monthly distribution in the amount of $0.0625 per share that reflects the distributable cash flow of the Fund. A portion of this monthly distribution may include long-term capital gains. This may result in a reduction of the long-term capital gain distribution necessary at year end by distributing long-term capital gains throughout the year. The annual distribution rate is independent of the Fund&#8217;s performance during any particular period. Accordingly, you should not draw any conclusions about the Fund&#8217;s investment performance from the amount of any distribution or from the terms of the Plan.\n<\/p>\n<p>\nThe distribution may consist of net investment income earned by the Fund, net short-term and long-term capital gains and\/or tax-deferred return of capital. Tax-deferred return of capital, if any, is primarily due to the tax treatment of cash distributions made by master-limited partnerships (&#8220;MLPs&#8221;) in which the Fund invests. The final determination of the source of tax status of all 2020 distributions will be made after the end of 2020 and will be provided on Form 1099-DIV.\n<\/p>\n<p>\nThe Fund is a non-diversified, closed-end management investment company that seeks to provide a high level of total return with an emphasis on current distributions paid to shareholders. The Fund seeks to achieve its investment objectives by investing primarily in securities of companies engaged in the energy infrastructure sector. These companies principally include publicly-traded MLPs and limited liability companies taxed as partnerships, MLP affiliates, YieldCos, pipeline companies, utilities, and other companies that derive at least 50% of their revenues from operating or providing services in support of infrastructure assets such as pipelines, power transmission and petroleum and natural gas storage in the petroleum, natural gas and power generation industries (collectively, &#8220;Energy Infrastructure Companies&#8221;). To generate additional income, the Fund expects to write (or sell) covered call options on up to 35% of the managed assets held in the Fund&#8217;s portfolio.\n<\/p>\n<p>\nFirst Trust Advisors L.P. (&#8220;FTA&#8221;) is a federally registered investment advisor and serves as the Fund&#8217;s investment advisor. FTA and its affiliate First Trust Portfolios L.P. (&#8220;FTP&#8221;), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services. FTA has collective assets under management or supervision of approximately $147 billion as of October 31, 2020 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts. FTA is the supervisor of the First Trust unit investment trusts, while FTP is the sponsor. FTP is also a distributor of mutual fund shares and exchange-traded fund creation units. FTA and FTP are based in Wheaton, Illinois.\n<\/p>\n<p>\nEnergy Income Partners, LLC (&#8220;EIP&#8221;) serves as the Fund&#8217;s investment sub-advisor and provides advisory services to a number of investment companies and partnerships for the purpose of investing in MLPs and other energy infrastructure securities. EIP is one of the early investment advisors specializing in this area. As of October 31, 2020, EIP managed or supervised approximately $3.7 billion in client assets.\n<\/p>\n<p>\nPast performance is no assurance of future results. Investment return and market value of an investment in the Fund will fluctuate. Shares, when sold, may be worth more or less than their original cost. There can be no assurance that the Fund\u2019s investment objectives will be achieved. The Fund may not be appropriate for all investors.\n<\/p>\n<p>\nPrincipal Risk Factors: Securities held by a fund, as well as shares of a fund itself, are subject to market fluctuations caused by factors such as general economic conditions, political events, regulatory or market developments, changes in interest rates and perceived trends in securities prices. Shares of a fund could decline in value or underperform other investments as a result of the risk of loss associated with these market fluctuations. In addition, local, regional or global events such as war, acts of terrorism, spread of infectious diseases or other public health issues, recessions, or other events could have a significant negative impact on a fund and its investments. Such events may affect certain geographic regions, countries, sectors and industries more significantly than others. The outbreak of the respiratory disease designated as COVID-19 in December 2019 has caused significant volatility and declines in global financial markets, which have caused losses for investors. The COVID-19 pandemic may last for an extended period of time and will continue to impact the economy for the foreseeable future.\n<\/p>\n<p>\nThe Fund is subject to risks, including the fact that it is a non-diversified closed-end management investment company.\n<\/p>\n<p>\nBecause the Fund is concentrated in securities issued by energy infrastructure companies, it will be more susceptible to adverse economic or regulatory occurrences affecting that industry, including high interest costs, high leverage costs, the effects of economic slowdown, surplus capacity, increased competition, uncertainties concerning the availability of fuel at reasonable prices, the effects of energy conservation policies and other factors. Investments in securities of MLPs involve certain risks different from or in addition to the risks of investing in common stocks. The number of energy-related MLPs has declined since 2014. The industry is witnessing the consolidation or simplification of corporate structures where the MLP sleeve of capital is being eliminated. As a result of the foregoing, the Fund\u2019s MLP investments could become less diverse and the Fund may increase its non-MLP investments consistent with its investment objective and policies. Changes in tax laws or regulations, or interpretations thereof in the future, could adversely affect the Fund or the MLPs, MLP-related entities and other energy sector and energy utility companies in which the Fund invests.\n<\/p>\n<p>\nThe Fund invests in securities of non-U.S. issuers which are subject to higher volatility than securities of U.S. issuers. Because the Fund invests in non-U.S. securities, you may lose money if the local currency of a non-U.S. market depreciates against the U.S. dollar.\n<\/p>\n<p>\nThere can be no assurance as to what portion of the distributions paid to the Fund&#8217;s Common Shareholders will consist of tax-advantaged qualified dividend income.\n<\/p>\n<p>\nMany financial instruments use or may use a floating rate based upon the London Interbank Offered Rate (LIBOR), which is being phased out by the end of 2021. There remains some uncertainty regarding the future utilization of LIBOR and the nature of any replacement rate.\n<\/p>\n<p>\nUse of leverage can result in additional risk and cost, and can magnify the effect of any losses.\n<\/p>\n<p>\nThe risks of investing in the Fund are spelled out in the shareholder reports and other regulatory filings.\n<\/p>\n<p>\nThe information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.\n<\/p>\n<p>\nThe Fund&#8217;s daily closing New York Stock Exchange price and net asset value per share as well as other information can be found at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.ftportfolios.com&amp;esheet=52332894&amp;newsitemid=20201119006302&amp;lan=en-US&amp;anchor=www.ftportfolios.com&amp;index=1&amp;md5=d255b082ed3ecb18eef8c79f5e94f327\">www.ftportfolios.com<\/a> or by calling 1-800-988-5891.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201119006302r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201119006302\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201119006302\/en\/<\/a><\/span><\/p>\n<p>\nPress Inquiries Jane Doyle 630-765-8775<br \/>\n<br \/>Analyst Inquiries Jeff Margolin 630-915-6784<br \/>\n<br \/>Broker Inquiries Jeff Margolin 630-915-6784\n<\/p>\n<p><b>KEYWORDS:<\/b> Illinois United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201119006302\/en\/394859\/3\/FT_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>First Trust Energy Infrastructure Fund Declares its Monthly Common Share Distribution of $0.0625 Per Share for December WHEATON, Ill.&#8211;(BUSINESS WIRE)&#8211; First Trust Energy Infrastructure Fund (the &#8220;Fund&#8221;) (NYSE: FIF) has declared the Fund\u2019s regularly scheduled monthly common share distribution in the amount of $0.0625 per share payable on December 15, 2020, to shareholders of record as of December 2, 2020. The ex-dividend date is expected to be December 1, 2020. The monthly distribution information for the Fund appears below. First Trust Energy Infrastructure Fund (FIF): Distribution per share: $0.0625 Distribution Rate based on the November 18, 2020 NAV of $12.31: 6.09% Distribution Rate based on the November 18, 2020 closing market price of $10.70: 7.01% The Fund&#8217;s Board of Trustees &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/first-trust-energy-infrastructure-fund-declares-its-monthly-common-share-distribution-of-0-0625-per-share-for-december\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;First Trust Energy Infrastructure Fund Declares its Monthly Common Share Distribution of $0.0625 Per Share for December&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-385677","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>First Trust Energy Infrastructure Fund Declares its Monthly Common Share Distribution of $0.0625 Per Share for December - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/first-trust-energy-infrastructure-fund-declares-its-monthly-common-share-distribution-of-0-0625-per-share-for-december\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"First Trust Energy Infrastructure Fund Declares its Monthly Common Share Distribution of $0.0625 Per Share for December - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"First Trust Energy Infrastructure Fund Declares its Monthly Common Share Distribution of $0.0625 Per Share for December WHEATON, Ill.&#8211;(BUSINESS WIRE)&#8211; First Trust Energy Infrastructure Fund (the &#8220;Fund&#8221;) (NYSE: FIF) has declared the Fund\u2019s regularly scheduled monthly common share distribution in the amount of $0.0625 per share payable on December 15, 2020, to shareholders of record as of December 2, 2020. The ex-dividend date is expected to be December 1, 2020. The monthly distribution information for the Fund appears below. First Trust Energy Infrastructure Fund (FIF): Distribution per share: $0.0625 Distribution Rate based on the November 18, 2020 NAV of $12.31: 6.09% Distribution Rate based on the November 18, 2020 closing market price of $10.70: 7.01% The Fund&#8217;s Board of Trustees &hellip; Continue reading &quot;First Trust Energy Infrastructure Fund Declares its Monthly Common Share Distribution of $0.0625 Per Share for December&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/first-trust-energy-infrastructure-fund-declares-its-monthly-common-share-distribution-of-0-0625-per-share-for-december\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-19T21:49:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201119006302r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/first-trust-energy-infrastructure-fund-declares-its-monthly-common-share-distribution-of-0-0625-per-share-for-december\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/first-trust-energy-infrastructure-fund-declares-its-monthly-common-share-distribution-of-0-0625-per-share-for-december\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"First Trust Energy Infrastructure Fund Declares its Monthly Common Share Distribution of $0.0625 Per Share for December\",\"datePublished\":\"2020-11-19T21:49:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/first-trust-energy-infrastructure-fund-declares-its-monthly-common-share-distribution-of-0-0625-per-share-for-december\\\/\"},\"wordCount\":1372,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/first-trust-energy-infrastructure-fund-declares-its-monthly-common-share-distribution-of-0-0625-per-share-for-december\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20201119006302r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/first-trust-energy-infrastructure-fund-declares-its-monthly-common-share-distribution-of-0-0625-per-share-for-december\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/first-trust-energy-infrastructure-fund-declares-its-monthly-common-share-distribution-of-0-0625-per-share-for-december\\\/\",\"name\":\"First Trust Energy Infrastructure Fund Declares its Monthly Common Share Distribution of $0.0625 Per Share for December - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/first-trust-energy-infrastructure-fund-declares-its-monthly-common-share-distribution-of-0-0625-per-share-for-december\/","og_locale":"en_US","og_type":"article","og_title":"First Trust Energy Infrastructure Fund Declares its Monthly Common Share Distribution of $0.0625 Per Share for December - Market Newsdesk","og_description":"First Trust Energy Infrastructure Fund Declares its Monthly Common Share Distribution of $0.0625 Per Share for December WHEATON, Ill.&#8211;(BUSINESS WIRE)&#8211; First Trust Energy Infrastructure Fund (the &#8220;Fund&#8221;) (NYSE: FIF) has declared the Fund\u2019s regularly scheduled monthly common share distribution in the amount of $0.0625 per share payable on December 15, 2020, to shareholders of record as of December 2, 2020. The ex-dividend date is expected to be December 1, 2020. The monthly distribution information for the Fund appears below. First Trust Energy Infrastructure Fund (FIF): Distribution per share: $0.0625 Distribution Rate based on the November 18, 2020 NAV of $12.31: 6.09% Distribution Rate based on the November 18, 2020 closing market price of $10.70: 7.01% The Fund&#8217;s Board of Trustees &hellip; Continue reading \"First Trust Energy Infrastructure Fund Declares its Monthly Common Share Distribution of $0.0625 Per Share for December\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/first-trust-energy-infrastructure-fund-declares-its-monthly-common-share-distribution-of-0-0625-per-share-for-december\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-19T21:49:21+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201119006302r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/first-trust-energy-infrastructure-fund-declares-its-monthly-common-share-distribution-of-0-0625-per-share-for-december\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/first-trust-energy-infrastructure-fund-declares-its-monthly-common-share-distribution-of-0-0625-per-share-for-december\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"First Trust Energy Infrastructure Fund Declares its Monthly Common Share Distribution of $0.0625 Per Share for December","datePublished":"2020-11-19T21:49:21+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/first-trust-energy-infrastructure-fund-declares-its-monthly-common-share-distribution-of-0-0625-per-share-for-december\/"},"wordCount":1372,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/first-trust-energy-infrastructure-fund-declares-its-monthly-common-share-distribution-of-0-0625-per-share-for-december\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201119006302r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/first-trust-energy-infrastructure-fund-declares-its-monthly-common-share-distribution-of-0-0625-per-share-for-december\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/first-trust-energy-infrastructure-fund-declares-its-monthly-common-share-distribution-of-0-0625-per-share-for-december\/","name":"First Trust Energy Infrastructure Fund Declares its Monthly Common Share Distribution of $0.0625 Per Share for December - 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