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PPRESS RELEASE                                SOURCE:  First Trust Advisors L.P.


FIRST TRUST ADVISORS L.P. ANNOUNCES PORTFOLIO MANAGER UPDATE FOR FIRST TRUST
ENHANCED EQUITY INCOME FUND

WHEATON, IL -- (BUSINESS WIRE) -- March 17, 2017 -- First Trust Advisors L.P.
("FTA") announced today that Chartwell Investment Partners, LLC ("Chartwell"),
investment sub-advisor for First Trust Enhanced Equity Income Fund (NYSE: FFA)
(the "Fund"), will release an update on the market and the Fund for financial
advisors and investors. The update will be available TUESDAY, MARCH 21, 2017, AT
5:00 P.M. EASTERN TIME UNTIL 11:59 P.M. EASTERN TIME ON THURSDAY, APRIL 20,
2017. To listen to the update, follow these instructions:

--    Dial: (888) 203-1112; International (719) 457-0820; and Passcode #
      8588703. The update will be available from Tuesday, March 21, 2017, at
      5:00 P.M. Eastern Time until 11:59 P.M. Eastern Time on Thursday, April
      20, 2017.

The Fund is a diversified, closed-end management investment company that seeks
to provide a high level of current income and gains and, to a lesser extent,
capital appreciation. The Fund seeks to achieve its investment objective by
investing in a diversified portfolio of equity securities and by writing
(selling) covered call options on a portion of the equity securities in the
fund's portfolio.

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 $104 billion as of February 28, 2017 through unit
investment trusts, exchange-traded funds, closed-end funds, mutual funds and
separate managed accounts.

Chartwell Investment Partners, LLC. ("Chartwell") serves as the Fund's
investment sub-advisor and is an investment firm focusing on institutional,
sub-advisory, and private client relationships. The firm is a research-based
equity and fixed-income manager with a disciplined, team-oriented investment
process. As of February 28, 2017, Chartwell had approximately $8.2 billion in
assets under management.

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: Equity securities prices fluctuate for several reasons,
including changes in investors' perceptions of the financial condition of an
issuer or the general condition of the relevant stock market, or when political
or economic events affecting the issuers or their industries occur.

The fund may write (sell) covered call options on all or a portion of the equity
securities held in the fund's portfolio. The use of options may require the fund
to sell portfolio securities at inopportune times or for prices other than
current market values, may limit the amount of appreciation the fund can realize
on an investment, or may cause the fund to hold an equity security that it might
otherwise sell.

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

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

The Fund's daily closing New York Stock Exchange price and net asset value per
share as well as other information can be found at www.ftportfolios.com or by
calling (800) 988-5891.


CONTACT: JEFF MARGOLIN - (630) 915-6784


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Source:  First Trust Advisors L.P.