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PRESS RELEASE                                 SOURCE:  First Trust Advisors L.P.


FIRST TRUST ADVISORS L.P. ANNOUNCES PORTFOLIO MANAGER CONFERENCE CALL FOR FIRST
TRUST ENHANCED EQUITY INCOME FUND

WHEATON, IL -- (BUSINESS WIRE) -- February 24, 2014 -- First Trust Advisors L.P.
("FTA") announced today that First Trust Enhanced Equity Income Fund (NYSE: FFA)
(the "Fund") intends to host a conference call with Chartwell Investment
Partners, L.P. ("Chartwell"), the Fund's investment sub-advisor, on MONDAY,
MARCH 10, 2014, AT 3:15 P.M. CENTRAL TIME. The purpose of the call is to hear
the Fund's portfolio management team provide an update for the Fund.

--    Dial-in Numbers: (866) 865-6631; International (706) 679-1727; and
      Passcode # 34546388. Please call 10 to 15 minutes before the scheduled
      start of the teleconference.

--    Telephone Replay: (855) 859-2056; International (404) 537-3406; and
      Passcode # 34546388. The replay will be available after the call until
      11:59 P.M. Eastern Time on Thursday, April 10, 2014.

The Fund is a diversified, closed-end management investment company that seeks
to provide a high level of current income and gains and, to a lesser extent,
capital appreciation. The Fund seeks to achieve its investment objective by
investing in a diversified portfolio of equity securities.

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 $86 billion as of January 31, 2014, through unit
investment trusts, exchange-traded funds, closed-end funds, mutual funds and
separate managed accounts.

Chartwell Investment Partners, L.P. serves as the Fund's investment sub-advisor.
The firm is a research-based equity and fixed-income manager with a disciplined,
team-oriented investment process. At December 31, 2013, Chartwell had
approximately $7.5 billion in assets under management.

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 FFA by Thursday, March 6, 2014, 6:00 P.M. Eastern Time.

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 various risks, including:
Investment and Market Risk, Management Risk, Common Stock Risk, Option Risk,
Investment Companies Risk, Industry and Sector Risk, Income Risk, Portfolio
Turnover Risk, Non-U.S. Equity Securities Risk, Illiquid Securities Risk, Tax
Risk, Derivatives Risk, Interest Rate Risk, Market Disruption Risk, Inflation
Risk, Certain Affiliations, Anti-Takeover Provisions, and Market Discount from
Net Asset Value.

The Fund may write (sell) covered call options on all or a portion of the equity
securities held in the Fund's portfolio as determined to be appropriate by the
Fund's investment sub-advisor, consistent with the Fund's investment objective.
The ability to successfully implement the Fund's investment strategy depends on
the investment sub-advisor's ability to predict pertinent market movements,
which cannot be assured. Thus, the use of options may require the Fund to sell
portfolio securities at inopportune times or for prices other than current
market values, may limit the amount of appreciation the Fund can realize on an
investment, or may cause the Fund to hold an equity security that it might
otherwise sell. There can be no assurance that a liquid market for the options
will exist when the Fund seeks to close out an option position. Additionally, to
the extent that the Fund purchases options pursuant to a hedging strategy, the
Fund will be subject to additional risks. Covered call option premiums will be
treated by the Fund as either short-term or long-term capital gain or loss,
depending whether the call option expires, is exercised or cancelled pursuant to
a covering transaction, and the timing of such transaction. Thus, the fund
cannot assure you as to any level of any regular quarterly distributions of net
investment income (income other than net long-term capital gain) that will be
treated as ordinary income, cannot assure you as to any level of capital gain
distributions and cannot assure you as to any ratio of regular quarterly
distributions to capital gain distributions.

The risks of investing in the Fund are spelled out in the prospectus,
shareholder report and other regulatory filings.

The Fund's daily closing New York Stock Exchange 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.