First Trust/Aberdeen Emerging Opportunity Fund Declares Quarterly Distribution of $0.35 Per Share

  First Trust/Aberdeen Emerging Opportunity Fund Declares Quarterly
  Distribution of $0.35 Per Share

Business Wire

WHEATON, Ill. -- December 12, 2012

First Trust/Aberdeen Emerging Opportunity Fund (the "Fund") (NYSE: FEO) today
declared its regularly scheduled quarterly distribution of $0.35 per share,
consisting of $0.178 per share ordinary distribution, $0.039 per share
short-term capital gain distribution and $0.133 per share long-term capital
gain distribution. The distribution will be payable on December 31, 2012, to
shareholders of record as of December 26, 2012. The ex-dividend date is
expected to be December 21, 2012. The quarterly distribution information for
the Fund appears below.

First Trust/Aberdeen Emerging Opportunity Fund (FEO):                  
Distribution per share:                                                  $0.35
Distribution rate based on the December 11, 2012 NAV of $23.61:          5.93%
Distribution rate based on the December 11, 2012 closing market price    6.43%
of $21.76:

The Fund’s current policy is to make level distributions each quarter in the
amount of $0.35 per share.

This distribution will be paid out of net investment income earned by the
Fund, as well as from net short-term and long-term realized capital gains as
noted above. The final determination of the source and tax status of all 2012
distributions will be made after the end of 2012.

The Fund is a closed-end management investment company that seeks to provide a
high level of total return. The Fund seeks to achieve its investment objective
by investing at least 80% of its managed assets in a diversified portfolio of
equity and fixed-income securities of issuers in emerging market countries.

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 $62 billion as of November 30, 2012, through unit
investment trusts, exchange-traded funds, closed-end funds, mutual funds and
separate managed accounts.

Aberdeen Asset Management Inc. (“Aberdeen”) serves as the Fund’s investment
sub-advisor. Aberdeen is a wholly owned subsidiary of Aberdeen Asset
Management PLC which is the parent company of an asset management group
managing approximately $302.4 billion in assets as of September 30, 2012,
including approximately $57.4 billion in global fixed-income securities, for a
range of pension funds, financial institutions, investment trusts, unit
trusts, offshore funds, charities and private clients.

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.

The Fund is exposed to several risks including, but not limited to, the
following: investment and market risk, management risk, emerging markets risk,
equity securities risk, fixed-income securities risk, interest rate risk, non
investment-grade securities risk, non-U.S. securities risk, government
securities risk, non-U.S. government securities risk, currency risk, preferred
stock risk, convertible securities risk, asset-backed securities risk, credit
linked notes risk, credit default swaps risk, smaller capitalization risk,
market discount from net asset value, leverage risk, derivatives risk,
portfolio turnover risk, market disruption risk, inflation risk, and
illiquid/restricted securities risk. The risks of investing in the Fund are
spelled out in the prospectus, shareholder report and other regulatory

The Fund’s daily New York Stock Exchange closing price and net asset value per
share as well as other information can be found at or by
calling 1-800-988-5891.


First Trust/Aberdeen Emerging Opportunity Fund
Press Inquiries: Jane Doyle, 630-765-8775
Analyst Inquiries: Jeff Margolin, 630-915-6784
Broker Inquiries: Jeff Margolin, 630-915-6784
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