First Trust Energy Income And Growth Fund Increases Its Quarterly Distribution To $0.50 Per Share

First Trust Energy Income and Growth Fund (the “Fund”) (NYSE MKT: FEN) has increased its regularly scheduled quarterly distribution to $0.50 per share from $0.49 per share. The distribution will be payable on October 31, 2012 to shareholders of record as of October 24, 2012. The ex-dividend date is expected to be October 22, 2012. The quarterly distribution information for the Fund appears below:

First Trust Energy Income and Growth Fund (FEN):
Distribution per share:   $0.50
Distribution Rate based on the October 10, 2012 NAV of $30.06: 6.65%
Distribution Rate based on the October 10, 2012 closing market price of $30.20: 6.62%
Increase from previous distribution of $0.49: 2.04%
 

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 2012 will be made after the end of 2012.

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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