First Trust Energy Income & Growth Fund : Fund Declares Quarterly Dividend - 7/10/2017

Press Release Source: First Trust Energy Income and Growth Fund First Trust Energy Income and Growth Fund Declares its Quarterly Distribution of $0.58 Per Share

WHEATON, IL - (BUSINESS WIRE) - July 10, 2017 - First Trust Energy Income and Growth Fund (the "Fund") (NYSE MKT: FEN) has declared the Fund's regularly scheduled quarterly distribution. The distribution will be payable on July 31, 2017, to shareholders of record as of July 25, 2017. The ex- dividend date is expected to be July 21, 2017. The quarterly distribution information for the Fund appears below.

First Trust Energy Income and Growth Fund (FEN):

Distribution per share: ............................................................................................................................ $0.58 Distribution Rate based on the July 7, 2017 NAV of $24.77:................................................................ 9.37%

Distribution Rate based on the July 7, 2017 closing market price of $25.16:....................................... 9.22%

It is anticipated that, due to the tax treatment of cash distributions made by the publicly-traded master limited partnerships ("MLPs") in which the Fund invests, a 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 2017 will be made after the end of 2017 and will be provided on Form 1099-DIV.

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 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

$107 billion as of June 30, 2017 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 May 31, 2017, EIP managed or supervised approximately $5.7 billion in client assets.

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: The Fund is subject to risks, including the fact that it is a non-diversified closed- end management investment company.

Because the Fund is concentrated in securities issued by energy companies, energy sector MLPs and MLP-related entities, it will be more susceptible to adverse economic or regulatory occurrences affecting those industries, including high interest costs, high leverage costs, the effects of economic slowdown, surplus capacity, increased competition, uncertainties concerning the availability of fuel at reasonable prices, the effects of energy conservation policies and other factors.

The Fund's use of derivatives may result in losses greater than if they had not been used, may require the fund to sell or purchase portfolio securities at inopportune times, may limit the amount of appreciation the Fund can realize on an investment, or may cause the fund to hold a security that it might otherwise sell.

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.

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

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

The Fund's daily closing NYSE MKT price and net asset value per share as well as other information can be found at www.ftportfolios.com or by calling 1-800-988-5891.

Contact:
Press Inquiries	Jane Doyle	630-765-8775
Analyst Inquiries	Jeff Margolin	630-915-6784
Broker Inquiries	Jeff Margolin	630-915-6784

Source: First Trust Energy Income and Growth Fund