First Trust Energy Income and Growth Fund Commences Public Offering of Common Shares

  First Trust Energy Income and Growth Fund Commences Public Offering of
  Common Shares

Business Wire

WHEATON, Ill. -- April 29, 2013

First Trust Energy Income and Growth Fund (the “Fund”) (NYSE MKT: FEN)
announced that it has commenced a public offering of 2,500,000 common shares
of beneficial interest. The Fund also intends to grant the underwriters a
45-day option to purchase up to 375,000 additional common shares to cover
over-allotments, if any. Net proceeds from the offering will be used to make
additional portfolio investments that are consistent with the Fund’s
investment objective and for general corporate purposes.

Morgan Stanley, Citigroup and RBC Capital Markets are acting as joint
book-running managers for the offering. Oppenheimer & Co., Baird, BB&T Capital
Markets and Janney Montgomery Scott are acting as co-lead managers for the
offering. The offering is made pursuant to an existing shelf registration
statement on Form N-2 previously filed with the Securities and Exchange
Commission. The offering of these securities will be made only by means of a
prospectus. Interested persons, including existing shareholders of the Fund,
may obtain a copy of the preliminary prospectus supplement and accompanying
base prospectus relating to the offering from the following addresses:

        Morgan Stanley
        Attn: Prospectus Department
        180 Varick Street, 2nd Floor
        New York, NY 10014
        Telephone: 866-718-1649
        c/o Broadridge Financial Solutions
        1155 Long Island Avenue
        Edgewood, New York 11717
        Phone: (800) 831-9146
        RBC Capital Markets
        Attn: Equity Syndicate Department
        Three World Financial Center
        200 Vesey Street, 8th Floor
        New York, New York 10281
        Telephone: 212-428-6670
        Fax: 212-428-6260

Investors may also obtain these documents free of charge from the Securities
and Exchange Commission’s website at

An investor should read the Fund’s preliminary prospectus supplement and
accompanying base prospectus carefully before investing. The preliminary
prospectus supplement and accompanying base prospectus contain important
information about the Fund and its investment objective and policies, risks,
charges and expenses.

This press release does not constitute an offer to sell or a solicitation to
buy the securities described herein, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer or solicitation or
sale would be unlawful prior to registration or qualification under the laws
of such state or jurisdiction. A registration statement relating to these
securities was filed with, and has been declared effective by, the Securities
and Exchange Commission.

The Fund is a non-diversified, closed-end management investment company which
commenced investment operations in June 2004. The Fund’s investment objective
is to seek a high level of after-tax total return with an emphasis on current
distributions paid to shareholders. The Fund seeks to provide its common
shareholders with an efficient vehicle to invest in a portfolio of
cash-generating securities of publicly traded master limited partnerships
(“MLPs”) and related public entities in the energy sector.

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 $72.2 billion as of March 31, 2013, through
closed-end funds, unit investment trusts, mutual funds, separate managed
accounts and exchange-traded funds.

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 March 31, 2013, EIP managed or supervised
approximately $3.7 billion in client assets.


First Trust Energy Income and Growth 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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