First Trust Energy Income And Growth Fund Increases Its Quarterly Distribution To $0.52 Per Share

First Trust Energy Income and Growth Fund (the “Fund”) (NYSE MKT: FEN) has increased its regularly scheduled quarterly distribution to $0.52 per share from $0.515 per share. The distribution will be payable on July 31, 2013 to shareholders of record as of July 24, 2013. The ex-dividend date is expected to be July 22, 2013. The quarterly distribution information for the Fund appears below:

First Trust Energy Income and Growth Fund (FEN):
Distribution per share:     $0.52
Distribution Rate based on the July 10, 2013 NAV of $33.42: 6.22%
Distribution Rate based on the July 10, 2013 closing market price of $33.65: 6.18%
Increase from previous distribution of $0.515: 0.97%
 

It is anticipated that, due to the tax treatment of cash distributions made by the publicly-traded 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.

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 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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