Energy Income And Growth Fund Increases Its Quarterly Distribution To $0.445 Per Share
Energy Income and Growth Fund (the “Fund”) (NYSE Amex: FEN) today increased its quarterly distribution to $0.445 per share from $0.440 per share. The distribution will be payable on April 30, 2010 to shareholders of record as of April 23, 2010. The ex-dividend date is expected to be April 21, 2010. The quarterly distribution information for the Fund appears below:
|Energy Income and Growth Fund (FEN):|
|Distribution per share:||$0.445|
|Distribution Rate based on the April 9, 2010 NAV of $23.19:||7.68%|
|Distribution Rate based on the April 9, 2010 closing market price of $25.36:||7.02%|
|Increase from previous distribution of $0.440:||1.14%|
The final determination of the source and tax status of all distributions paid in 2010 will be made after the end of 2010.
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.
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