First Trust Energy Income and Growth Fund Increases its Quarterly Distribution to $0.50 Per Share

First Trust Energy Income and Growth Fund

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. 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 $61 billion as of September 30, 2012 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 September 30, 2012, EIP managed or supervised approximately $1.9 billion in client assets. Past performance is no assurance of future results. Investment