Increases Quarterly Distribution for January to $0.375 Per Share
First Trust Advisors, LP
Lisle, IL, December 18, 2006 –Energy Income and Growth Fund (the “Fund”) (AMEX: FEN) has declared its regularly scheduled quarterly distribution, payable on January 31, 2007 to shareholders of record on January 18, 2007. The ex-dividend date is expected to be January 16, 2007. The quarterly distribution information for the Fund appears below:
| Energy Income and Growth Fund (FEN) |
| Distribution per share |
$0.375 |
Distribution Rate based on the December 15, 2006
NAV of $26.39 |
5.68%
|
Distribution Rate based on the December 15, 2006
closing market price of $24.90 |
6.02% |
| Increase from the previous distribution of $0.355 |
5.63% |
Distribution Rate based on the December 15, 2006 NAV of $26.39: 5.68%
Distribution Rate based on the December 15, 2006 closing market price of $24.90 6.02%
Increase from the previous distribution of $0.355 5.63%
We anticipate a majority of the distribution will constitute a return of capital. The final determination of the source and tax status of all distributions paid in 2007 will be made after the end of 2007.
The Fund is a non-diversified, closed-end management investment company whose shares began trading on the American Stock Exchange on June 25, 2004. The investment objective of the Fund is to seek 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 and related public entities in the energy sector which the Fund’s sub-adviser believes offer opportunities for income and growth.
First Trust Advisors L.P. serves as the Fund’s investment adviser and currently manages or supervises approximately $28 billion in assets.
Fiduciary Asset Management, LLC serves as the Fund’s sub-adviser and manages a wide range of institutional equity, covered call, and fixed income products, including a pioneering role in the management of MLP assets. Fiduciary Asset Management currently manages and supervises approximately $17 billion in client assets.
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