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First Trust Energy Income And Growth Fund Prices Public Offering Of 2,400,000 Common Shares

Stocks in this article: FEN

First Trust 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 2,400,000 common shares at a price to the public of $30.50 per share (exclusive of 360,000 common shares that the underwriters may purchase pursuant to a 45-day option to cover over-allotments). Net proceeds from the offering of approximately $70.3 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 31, 2012.

Morgan Stanley, Citigroup 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:

          Morgan Stanley
Attn: Prospectus Department
180 Varick Street, 2nd Floor
New York, NY 10014
Telephone: 866-718-1649
 
Citigroup
Prospectus Department
Brooklyn Army Terminal
140 58th Street, 8th floor
Brooklyn, NY 11220
Telephone: 800-831-9146
 
RBC Capital Markets, LLC
Attn: Equity Syndicate Department
Three World Financial Center
200 Vesey Street, 8th Floor
New York, New York 10281
Telephone: 212-428-6670
Fax: 212-428-6260

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.

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