Energy Income and Growth Fund (the “Fund”) (NYSE Amex: FEN) today increased its quarterly distribution to $0.445 per share from $0.440 per share. The distribution will be payable on April 30, 2010 to shareholders of record as of April 23, 2010. The ex-dividend date is expected to be April 21, 2010. The quarterly distribution information for the Fund appears below:
|Energy Income and Growth Fund (FEN):|
|Distribution per share:||$0.445|
|Distribution Rate based on the April 9, 2010 NAV of $23.19:||7.68%|
|Distribution Rate based on the April 9, 2010 closing market price of $25.36:||7.02%|
|Increase from previous distribution of $0.440:||1.14%|
First Trust Advisors L.P., the Fund’s investment advisor, along with its affiliate First Trust Portfolios L.P., are privately-held companies which provide a variety of investment services, including asset management, financial advisory services, and municipal and corporate investment banking, with collective assets under management or supervision of approximately $30 billion as of March 31, 2010 through closed-end funds, unit investment trusts, mutual funds, separate managed accounts and exchange-traded funds.Energy Income Partners, LLC (“EIP”) serves as the Fund’s investment sub-advisor and provides advisory services to a number of investment companies and partnerships for the purpose of investing in MLPs and other energy infrastructure securities. EIP is one of the early investment advisors specializing in this area. As of March 31, 2010, EIP managed or supervised approximately $430 million in client assets. Past performance is no assurance of future results. Investment return and principal value of an investment in the Fund will fluctuate. Shares, when sold, may be worth more or less than their original cost. Principal Risk Factors: This closed-end fund invests in a portfolio consisting primarily of securities issued by MLPs. Investment in the Fund involves risks of fluctuations in energy prices, decreases in the supply of or demand for energy commodities, increased government regulation, national disasters and various other risks. The use of leverage for investment purposes increases both investment opportunity and investment risk. The risks of investing in the Fund are spelled out in the prospectus, shareholder report and other regulatory filings. The Fund’s daily NYSE Amex closing price and daily net asset value per share as well as other information are available at www.ftportfolios.com or by calling 1-800-988-5891.