Press Releases

First Trust Energy Income and Growth Fund Increases its Quarterly Distribution to $0.50 Per Share


WHEATON, Ill.--(BUSINESS WIRE)-- First Trust Energy Income and Growth Fund (the “Fund”) (NYSE MKT: FEN) has increased its regularly scheduled quarterly distribution to $0.50 per share from $0.49 per share. The distribution will be payable on October 31, 2012 to shareholders of record as of October 24, 2012. The ex-dividend date is expected to be October 22, 2012. The quarterly distribution information for the Fund appears below:

Distribution per share:   $0.50
Distribution Rate based on the October 10, 2012 NAV of $30.06: 6.65%
Distribution Rate based on the October 10, 2012 closing market price of $30.20: 6.62%
Increase from previous distribution of $0.49: 2.04%

First Trust Energy Income and Growth Fund (FEN):

It is anticipated that, due to the tax treatment of cash distributions made by master limited partnerships (“MLPs”) in which the Fund invests, a significant portion of distributions the Fund makes to Common Shareholders may consist of a tax-deferred return of capital. The final determination of the source and tax status of all distributions paid in 2012 will be made after the end of 2012.

The Fund is a non-diversified, closed-end management investment company that seeks a high level of after-tax total return with an emphasis on current distributions paid to shareholders. The Fund focuses on investing in publicly-traded master limited partnerships (“MLPs”) and related public entities in the energy sector which the Fund’s investment sub-advisor believes offer opportunities for income and growth.

First Trust Advisors L.P., the Fund’s investment advisor, along with its affiliate First Trust Portfolios L.P., are privately-held companies which provide a variety of investment services, including asset management and financial advisory services, with collective assets under management or supervision of approximately $61 billion as of September 30, 2012 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.

Energy Income Partners, LLC (“EIP”) serves as the Fund’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 September 30, 2012, EIP managed or supervised approximately $1.9 billion in client assets.

Past performance is no assurance of future results. Investment return and principal value of an investment in the Fund will fluctuate. Shares, when sold, may be worth more or less than their original cost.

Principal Risk Factors: This closed-end fund invests in a portfolio consisting primarily of securities issued by MLPs. Investment in the Fund involves risks of fluctuations in energy prices, decreases in the supply of or demand for energy commodities, increased government regulation, national disasters and various other risks. The use of leverage for investment purposes increases both investment opportunity and investment risk. The risks of investing in the Fund are spelled out in the prospectus, shareholder report and other regulatory filings.

The Fund’s daily NYSE MKT closing price and daily net asset value per share as well as other information are available at or by calling 1-800-988-5891.

First Trust Energy Income and Growth Fund
Press Inquiries: Jane Doyle, 630-765-8775
Analyst Inquiries: Jeff Margolin, 630-915-6784
Broker Inquiries: Jeff Margolin, 630-915-6784

Source: First Trust Energy Income and Growth Fund