First Trust Energy Income and Growth Fund (the “Fund”) (NYSE MKT: FEN) has increased its regularly scheduled quarterly distribution to $0.51 per share from $0.50 per share. The distribution will be payable on January 31, 2013 to shareholders of record as of January 24, 2013. The ex-dividend date is expected to be January 22, 2013. The quarterly distribution information for the Fund appears below:
First Trust Energy Income and Growth Fund (FEN):
|Distribution per share:||$0.51|
|Distribution Rate based on the January 9, 2013 NAV of $30.36:||6.72||%|
|Distribution Rate based on the January 9, 2013 closing market price of $32.30:||6.32||%|
|Increase from previous distribution of $0.50:||2.00||%|
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 2013 will be made after the end of 2013.