First Trust Energy Income and Growth Fund Declares Its Final Common Share Distribution Dates

First Trust Energy Income and Growth Fund (the "Fund") (NYSE American: FEN) has declared its final common share distribution, which may not ultimately be made, as further discussed below, payable on May 2, 2024, to shareholders of record as of April 29, 2024. The ex-dividend date is expected to be April 26, 2024. The per share rate is expected to be announced on April 24, 2024.

The final distribution is attributable to the Fund’s remaining estimated accumulated earnings and profits, which are required to be distributed in connection with the previously approved merger. The Fund will make the distribution on the date listed above if any estimated accumulated earnings and profits remain. However, if no estimated accumulated earnings and profits remain, no distribution will be made.

The distribution, if any, will be paid entirely in cash, with no option for dividend reinvestment.

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 the distribution the Fund may make 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 2024 will be made after the end of 2024 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. The Fund is treated as a regular corporation, or a "C" corporation, for United States federal income tax purposes and, as a result, is subject to corporate income tax to the extent the Fund recognizes taxable income.

First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor. FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services. FTA has collective assets under management or supervision of approximately $226 billion as of March 28, 2024 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts. FTA is the supervisor of the First Trust unit investment trusts, while FTP is the sponsor. FTP is also a distributor of mutual fund shares and exchange-traded fund creation units. FTA and FTP are based in Wheaton, Illinois.