Energy Income and Growth Fund (the “Fund”) (NYSE Amex: FEN) today increased its quarterly distribution to $0.455 per share. The distribution will be payable on October 29, 2010 to shareholders of record as of October 25, 2010. The ex-dividend date is expected to be October 21, 2010. The quarterly distribution information for the Fund appears below:

Energy Income and Growth Fund (FEN):
Distribution per share: $0.455
Distribution Rate based on the October 11, 2010 NAV of $25.38 7.17%
Distribution Rate based on the October 11, 2010 closing market price of $26.67 6.82%
Increase from previous distribution of $0.45: 1.11%

The final determination of the source and tax status of all distributions paid in 2010 will be made after the end of 2010.

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.