Energy Income and Growth Fund (the “Fund”) (NYSE Amex: FEN) today increased its regularly scheduled quarterly distribution to $0.48 per share from $0.475 per share. The distribution will be payable on January 31, 2012 to shareholders of record as of January 24, 2012. The ex-dividend date is expected to be January 20, 2012. The quarterly distribution information for the Fund appears below:
|Energy Income and Growth Fund (FEN):|
|Distribution per share:||$0.48|
|Distribution Rate based on the January 11, 2012 NAV of $28.58:||6.72%|
|Distribution Rate based on the January 11, 2012 closing market price of $29.04:||6.61%|
|Increase from previous distribution of $0.475:||1.05%|
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 2012 will be made after the end of 2012.
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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