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First Trust Energy Income And Growth Fund Increases Its Quarterly Distribution To $0.51 Per Share

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.

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