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PPRESS RELEASE SOURCE: Energy Income and Growth Fund
ENERGY INCOME AND GROWTH FUND ANNOUNCES NAME CHANGE
Wheaton, IL - (BUSINESS WIRE) - March 13, 2012 - Energy Income and Growth Fund
(NYSE AMEX: FEN) (the "Fund"), a closed-end fund organized as a Massachusetts
business trust (the "Fund"), announced that its Board of Trustees has approved a
name change for the Fund to "First Trust Energy Income and Growth Fund," subject
to requisite regulatory approval. The Fund will continue to trade under the same
ticker symbol "FEN," however its CUSIP will change to 33738G104 from 292697109,
effective on Monday, March 19, 2012. The name change will be reflected on the
NYSE AMEX on Monday, March 19, 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. The Fund's name change will have no effect
on the investment objectives, strategies or risks of the Fund.
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, financial
advisory services, and competitive municipal underwritings, with collective
assets under management or supervision of approximately $54 billion as of
February 29, 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 December 31, 2011, EIP managed or supervised
approximately $1.5 billion in client assets.
Principal Risk Factors: This closed-end fund invests in a portfolio consisting
primarily of securities issued by MLPs. Investment 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 prospectus, shareholder report and other regulatory
filings.
The Fund's daily NYSE Amex 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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Contact:
Press Inquiries Jane Doyle 630-765-8775
Analyst Inquiries Jeff Margolin 630-915-6784
Broker Inquiries Jeff Margolin 630-915-6784
Source: Energy Income and Growth Fun
