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Energy Income And Growth Fund Increases Its Quarterly Distribution To $0.45 Per Share

Energy Income and Growth Fund (the “Fund”) (NYSE Amex: FEN) today increased its quarterly distribution to $0.45 per share. The distribution will be payable on July 30, 2010 to shareholders of record as of July 23, 2010. The ex-dividend date is expected to be July 21, 2010. The quarterly distribution information for the Fund appears below:

   

Energy Income and Growth Fund (FEN):

Distribution per share: $0.45
Distribution Rate based on the July 9, 2010 NAV of $23.25: 7.74%
Distribution Rate based on the July 9, 2010 closing market price of $24.20: 7.44%
Increase from previous distribution of $0.445: 1.12%

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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