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PRESS RELEASE                                SOURCE:  First Trust Advisors L.P.


FIRST TRUST ADVISORS L.P. ANNOUNCES PORTFOLIO MANAGER UPDATE CALL FOR
MACQUARIE/FIRST TRUST GLOBAL INFRASTRUCTURE/UTILITIES DIVIDEND & INCOME FUND

WHEATON, IL -- (BUSINESS WIRE) -- February 28, 2011 -- First Trust Advisors L.P.
("FTA") announced today that Macquarie/First Trust Global
Infrastructure/Utilities Dividend & Income Fund (NYSE: MFD) intends to host a
conference call with Macquarie Capital Investment Management, LLC and Four
Corners Capital Management, LLC, the Fund's investment sub-advisors, on Monday,
March 7, 2011 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
      # 46108174. Please call 10 to 15 minutes before the scheduled start of the
      teleconference.

--    Telephone Replay: (800) 642-1687; International (706) 645-9291; and
      Passcode # 46108174. The replay will be available after the call until
      11:59 P.M. Eastern Time on Thursday, April 7, 2011.

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 $43
billion as of January 31, 2011 through closed-end funds, unit investment trusts,
mutual funds, separate managed accounts and exchanged-traded funds.

Macquarie Capital Investment Management LLC ("MCIM") and Four Corners Capital
Management, LLC ("Four Corners") are the Fund's investment sub-advisors. Both
MCIM and Four Corners operate within Macquarie Funds Group ("MFG") and are
wholly-owned, indirect subsidiaries of Macquarie Group Limited ("Macquarie
Group"). Macquarie Group is a global provider of banking, financial, advisory,
investment and funds management services. Macquarie Funds Group is the global
investment management business of Macquarie Group. The Fund's Core Component,
which consists primarily of equity securities and equity-like securities issued
by infrastructure issuers, is managed by MCIM, which started operations in 2004
with the launch of the Fund. MCIM and its Australia-based affiliates managed
approximately $2.7 billion of assets as of December 31, 2010, in MFG's
Infrastructure Securities portfolios, which includes the Fund. The Fund's Senior
Loan Component is managed by Four Corners. Four Corners was founded in 2001 and
became a wholly-owned, indirect subsidiary of Macquarie Group in 2008. Four
Corners managed approximately $1.4 billion of assets as of December 31, 2010,
with an emphasis on Senior Loans.

If you have questions about the Fund that you would like answered on the call,
please email your questions to cefquestions@ftadvisors.com in advance of the
call and refer to MFD. 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.