First Trust Active Dividend Income Fund Declares Its Quarterly Distribution Of $0.23 Per Share

First Trust Active Dividend Income Fund (the "Fund") (NYSE: FAV) today declared its regularly scheduled quarterly distribution payable on October 31, 2011 to shareholders of record as of October 25, 2011. The ex-dividend date is expected to be October 21, 2011. The quarterly distribution information for the Fund appears below.

First Trust Active Dividend Income Fund (FAV):
Distribution per share:		$0.23
Distribution Rate based on the October 11, 2011 NAV of $9.17:		10.03%
Distribution Rate based on the October 11, 2011 closing market price of $8.53:		10.79%

The majority, and possibly all, of this distribution will be paid out of net investment income earned by the Fund. A portion of this distribution may come from net short-term realized capital gains or return of capital. The final determination of the source and tax status of all 2011 distributions will be made after the end of 2011.

The Fund is a diversified, closed-end management investment company that seeks to provide a high level of current income. As a secondary objective, the Fund seeks to provide capital appreciation. The Fund pursues these investment objectives by investing at least 80% of its Managed Assets in a diversified portfolio of dividend-paying multi-cap equity securities of both U.S. and non-U.S. issuers that the Fund’s investment sub-advisor believes offer the potential for attractive income and/or capital appreciation.