Energy Income and Growth Fund (the “Fund”) (NYSE Amex: FEN) today increased its regularly scheduled quarterly distribution to $0.46 per share from $0.455 per share. The distribution will be payable on January 31, 2011 to shareholders of record as of January 25, 2011. The ex-dividend date is expected to be January 21, 2011. The quarterly distribution information for the Fund appears below:
Energy Income and Growth Fund (FEN):
|Distribution per share:||$||0.46|
|Distribution Rate based on the January 11, 2011 NAV of $26.79:||6.87%|
|Distribution Rate based on the January 11, 2011 closing market price of $27.40:||6.72%|
|Increase from previous distribution of $0.455:||1.10%|
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 2011 will be made after the end of 2011.