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

First Trust Energy Income and Growth Fund (the “Fund”) (NYSE American:
FEN) has declared the Fund’s regularly scheduled quarterly distribution
of $0.58 per share. The distribution will be payable on July 31, 2018,
to shareholders of record as of July 23, 2018. The ex-dividend date is
expected to be July 20, 2018. The quarterly distribution information for
the Fund appears below.

First Trust Energy Income and Growth Fund
(FEN):

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 2018 will be made after the end of 2018 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 $126 billion as of June 30, 2018 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.

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 June 30, 2018, EIP
managed or supervised approximately $6.1 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 information presented is not intended to constitute an investment
recommendation for, or advice to, any specific person. By providing this
information, First Trust is not undertaking to give advice in any
fiduciary capacity within the meaning of ERISA and the Internal Revenue
Code. First Trust has no knowledge of and has not been provided any
information regarding any investor. Financial advisors must determine
whether particular investments are appropriate for their clients. First
Trust believes the financial advisor is a fiduciary, is capable of
evaluating investment risks independently and is responsible for
exercising independent judgment with respect to its retirement plan
clients.

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.

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