FFA Form 5: Timothy J. Riddle Reports No Shares, Section 16 Status Ended
Rhea-AI Filing Summary
Timothy J. Riddle filed a Form 5 for First Trust Enhanced Equity Income Fund (FFA) reporting the annual statement of changes in beneficial ownership for the fiscal year ended 12/31/2024. The filing shows no common shares beneficially owned at the end of the issuer's fiscal year and includes a checked box indicating the reporting person is no longer subject to Section 16 reporting obligations. The form contains a remark that effective September 2, 2025 the reporting person is no longer a Section 16 officer for the Fund, and it is signed via power of attorney on 09/23/2025.
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Insights
TL;DR: Routine Form 5 reporting no year-end holdings and a cessation of Section 16 officer status; no financial impact disclosed.
The filing documents administrative ownership disclosure rather than operational or financial performance information. The key items are the absence of beneficial ownership of common shares at year-end and the explicit statement that the reporting person ceased to be a Section 16 officer effective September 2, 2025. There are no transactions, amounts, prices, or dates within the fiscal year indicating material purchases or disposals that would affect investor valuation. From a financial perspective, this form does not present material data that changes company metrics or valuation.
TL;DR: Governance disclosure: Form 5 confirms termination of Section 16 officer status and records no beneficial ownership at year-end.
The filing is primarily a governance and compliance disclosure. It notifies stakeholders that the reporting person is no longer subject to Section 16 obligations and that there were no reportable beneficial holdings at fiscal year-end. The effective date of September 2, 2025 for the end of officer status and the power-of-attorney signature on September 23, 2025 are the material governance timestamps provided. No indications of contested ownership, related-party transactions, or governance disputes are present in the text.