Market Overview

First Trust Enhanced Equity Income Fund Issues Notice Regarding December 2018 Distribution

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The Board of Trustees of First Trust Enhanced Equity Income Fund (the
"Fund") (NYSE:FFA), CUSIP 337318109, previously approved a managed
distribution policy for the Fund (the "Managed Distribution Plan") in
reliance on exemptive relief received from the Securities and Exchange
Commission which permits the Fund to make periodic distributions of
long-term capital gains more frequently than otherwise permitted with
respect to its common shares subject to certain conditions.

The Fund has declared a distribution payable on December 31, 2018, to
shareholders of record as of December 24, 2018, with an ex-dividend date
of December 21, 2018. This Notice is meant to provide you information
about the sources of your Fund's distributions. You should not draw any
conclusions about the Fund's investment performance from the amount of
its distribution or from the terms of its Managed Distribution Plan.

The following tables set forth the estimated amounts of the current
distribution and the cumulative distributions paid this fiscal year to
date for the Fund from the following sources: net investment income
("NII"); net realized short-term capital gains ("STCG"); net realized
long-term capital gains ("LTCG"); and return of capital ("ROC"). These
estimates are based upon information projected through December 31,
2018, are calculated based on a generally accepted accounting principles
("GAAP") basis and include the prior fiscal year-end undistributed net
investment income. The amounts and sources of distributions are
expressed per common share.

                          5 Yr. Avg.

Annualized
Current

Annual
Total

Fund Fund Fiscal Total Current Current Distribution ($) Current Distribution (%) Dist. Rate as a Return

Ticker

Cusip

Year End

Distribution

NII

STCG

LTCG

ROC (2)

NII

STCG

LTCG

ROC(2)

% of NAV(3)

on NAV(4)

FFA (5) 337318109 12/31/2018 $0.28500 $0.04745 - - $0.23755 16.65% - - 83.35% 7.29% 8.02%
 
 
Total Cumulative

Cumulative
Fiscal

Fund Fund Fiscal

Cumulative
Fiscal YTD

Cumulative Distributions Fiscal YTD ($) Cumulative Distributions Fiscal YTD (%)

Fiscal YTD
Distributions as

YTD Total
Return

Ticker

Cusip

Year End

Distributions(1)

NII

STCG

LTCG

ROC (2)

NII

STCG

LTCG

ROC(2)

a % of NAV(3)

on NAV(4)

FFA (5) 337318109 12/31/2018 $1.14000 $0.18981
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