Energy Income and Growth Fund (the “Fund ”) (NYSE Amex: FEN) announced today the pricing of a public offering of common shares. The Fund agreed to sell a total of 2,800,000 common shares at a price to the public of $28.13 per share (exclusive of 420,000 common shares that the underwriters may purchase pursuant to a 45-day option to cover over-allotments). Net proceeds from the offering of approximately $75.49 million will be used to make additional portfolio investments that are consistent with the Fund’s investment objective and policies, and for general corporate purposes. The offering is scheduled to close on July 29, 2011.
Morgan Stanley, Citi and RBC Capital Markets are acting as joint book-running managers for the offering. Oppenheimer & Co. and Robert W. Baird & Co. are acting as co-lead managers for the offering. The offering is made pursuant to an existing shelf registration statement on Form N-2 previously filed with the Securities and Exchange Commission. The offering of these securities will be made only by means of a prospectus. Interested persons, including existing shareholders of the Fund, may obtain a copy of the prospectus supplement and accompanying base prospectus relating to the offering from the following addresses:
|Attn: Prospectus Department|
|180 Varick Street, 2nd Floor|
|New York, NY 10014|
|Brooklyn Army Terminal|
|140 58th Street, 8th floor|
|Brooklyn, NY 11220|
|RBC Capital Markets, LLC|
|Attn: Equity Syndicate Department|
|Three World Financial Center|
|200 Vesey Street, 8th Floor|
|New York, New York 10281|
Investors may also obtain these documents free of charge from the Securities and Exchange Commission’s website at www.sec.gov.
An investor should read the Fund’s prospectus supplement and accompanying base prospectus carefully before investing. The prospectus supplement and accompanying base prospectus contains important information about the Fund and its investment objective and policies, risks, charges and expenses.