PRESS RELEASE                                SOURCE:  First Trust Advisors L.P.

First Trust Advisors L.P. Announces Portfolio Manager Update Call for Energy
Income and Growth Fund

WHEATON, IL -- (BUSINESS WIRE) -- June 23, 2010 -- First Trust Advisors L.P.
("FTA") announced today that Energy Income and Growth Fund (NYSE Amex: FEN)
intends to host a conference call with Energy Income Partners, LP ("EIP"), the
Fund's investment sub-advisor, on Wednesday, June 30, 2010, at 4:15 P.M. Eastern
Time. The purpose of the call is to hear the Fund's portfolio management team
provide an update for the Fund.

- --   Dial-in Number: (866) 865-6631; International (706) 679-1727; and
     Passcode # 83961569. Please call 10 to 15 minutes before the scheduled
     start of the teleconference.

- --   Telephone Replay: (800) 642-1687; International (706) 645-9291; and
     Passcode # 83961569. The replay will be available after the call until
     11:59 P.M. Eastern Time on Friday, July 30, 2010.

FTA has served as the Fund's investment advisor since the Fund's inception. FTA,
along with its affiliate First Trust Portfolios L.P., are privately-held
companies which provide a variety of investment services, including asset
management, financial advisory services, and municipal and corporate investment
banking, with collective assets under management or supervision of over $29
billion as of May 31, 2010 through closed-end funds, unit investment trusts,
mutual funds, separate managed accounts and exchanged-traded funds.

If you have questions about the Fund that you would like answered on the call,
please email your questions to cefquestions@ftadvisors.com and refer to FEN. The
Fund's daily closing price and net asset value per share as well as other
information can be found at www.ftportfolios.com or by calling (800) 988-5891.


CONTACT:  JEFF MARGOLIN -- (630) 915-6784

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Source:  First Trust Advisors L.P.