First Trust Energy Income and Growth Fund (the “Fund”) (NYSE MKT: FEN)
today declared its regularly scheduled quarterly distribution payable on
April 29, 2016, to shareholders of record as of April 26, 2016. The
ex-dividend date is expected to be April 22, 2016. The quarterly
distribution information for the Fund appears below.
First Trust Energy Income and Growth Fund
(FEN):
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Distribution per share:
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$0.58
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Distribution Rate based on the April 8, 2016 NAV of $22.97:
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10.10%
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Distribution Rate based on the April 8, 2016 closing market price of
$22.75:
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10.20%
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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 2016 will be made after the end of 2016.
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 $96 billion as of March 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 March 31, 2016, EIP
managed or supervised approximately $4.3 billion in client assets.
Past performance is no assurance of future results. Investment return
and principal 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: This closed-end fund invests in a portfolio
consisting primarily of securities issued by MLPs. Investments in the
Fund involves risks of fluctuations in energy prices, decreases in the
supply of or demand for energy commodities, increased government
regulation, national disasters and various other risks. The use of
leverage for investment purposes increases both investment opportunity
and investment risk. The risks of investing in the Fund are spelled out
in the 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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