Energy Income and Growth Fund (the “Fund”) (NYSE Amex: FEN) today increased its regularly scheduled quarterly distribution to $0.465 per share from $0.46 per share. The distribution will be payable on April 29, 2011 to shareholders of record as of April 25, 2011. The ex-dividend date is expected to be April 21, 2011. The quarterly distribution information for the Fund appears below:

Energy Income and Growth Fund (FEN):
 
Distribution per share: $0.465
Distribution Rate based on the April 11, 2011 NAV of $27.64: 6.73%
Distribution Rate based on the April 11, 2011 closing market price of $29.31: 6.35%
Increase from previous distribution of $0.46: 1.09%
 

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 2011 will be made after the end of 2011.

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.

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