FEN First Trust Energy Income and Growth Fund

First Trust Energy Income and Growth Fund (the “Fund”) (NYSE MKT: FEN) today declared its regularly scheduled quarterly distribution payable on January 31, 2017, to shareholders of record as of January 24, 2017. The ex-dividend date is expected to be January 20, 2017. The quarterly distribution information for the Fund appears below.

First Trust Energy Income and Growth Fund (FEN):

    Distribution per share: $0.58 Distribution Rate based on the January 9, 2017 NAV of $26.54: 8.74% Distribution Rate based on the January 9, 2017 closing market price of $26.39: 8.79%  

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 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 2017 will be made after the end of 2017 and will be provided on Form 1099-DIV.

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.

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 and financial advisory services, with collective assets under management or supervision of approximately $98 billion as of December 31, 2016 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.

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 December 31, 2016, EIP managed or supervised approximately $5.7 billion in client assets.

Past performance is no assurance of future results. Investment return and market 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: The Fund is subject to risks, including the fact that it is a non-diversified closed-end management investment company.

Because the Fund is concentrated in securities issued by energy companies, energy sector MLPs and MLP-related entities, it will be more susceptible to adverse economic or regulatory occurrences affecting those industries, including high interest costs, high leverage costs, the effects of economic slowdown, surplus capacity, increased competition, uncertainties concerning the availability of fuel at reasonable prices, the effects of energy conservation policies and other factors.

The Fund's use of derivatives may result in losses greater than if they had not been used, may require the fund to sell or purchase portfolio securities at inopportune times, may limit the amount of appreciation the Fund can realize on an investment, or may cause the fund to hold a security that it might otherwise sell.

Investment in non-U.S. securities is subject to the risk of currency fluctuations and to economic and political risks associated with such foreign countries.

Use of leverage can result in additional risk and cost, and can magnify the effect of any losses.

The risks of investing in the fund are spelled out in the prospectus, shareholder report and other regulatory filings.

The Fund’s daily NYSE MKT 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.

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First Trust Energy Income and Growth FundPress Inquiries: Jane Doyle, 630-765-8775Analyst Inquiries: Jeff Margolin, 630-915-6784Broker Inquiries: Jeff Margolin, 630-915-6784