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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 DYNAMIC EUROPE EQUITY INCOME FUND

WHEATON, IL -- (BUSINESS WIRE) -- November 16, 2016 -- First Trust Advisors L.P.
("FTA") announced today that First Trust Dynamic Europe Equity Income Fund
(NYSE: FDEU) (the "Fund") intends to host a conference call with Henderson
Global Investors (North America) Inc. and Henderson Investment Management
Limited, the Fund's investment sub-advisors, on WEDNESDAY, NOVEMBER 30, 2016, AT
11:00 A.M. EASTERN TIME. The purpose of the call is to hear the Fund's
sub-advisors provide an update for the market and the Fund.

--    Dial-in Numbers: (877) 702-9041; International (719) 386-0002; and
      Passcode # 864098. Please call 10 to 15 minutes before the scheduled start
      of the teleconference.

--    Telephone Replay: (888) 203-1112; and International (719) 457-0820
      Passcode # 6136620. The replay will be available after the call until
      11:59 P.M. Eastern Time on Friday, December 30, 2016.

The Fund is a non-diversified, closed-end management investment company that
seeks to provide a high level of current income with a secondary focus on
capital appreciation. The Fund seeks to achieve its investment objectives by
investing at least 80% of its managed assets in a portfolio of equity securities
of European companies of any market capitalization, including, but not limited
to, common and preferred stock that pay dividends, depositary receipts and real
estate investment trusts. The Fund seeks to focus its equity investments on
income producing securities. The Fund utilizes a dynamic currency hedging
process, which includes, at the discretion of the portfolio managers, the use of
forward foreign currency exchange contracts to hedge a portion of the Fund's
currency exposure. To generate additional income, the Fund writes (or sells)
call options on portfolio equity securities and certain broad-based securities
indices in an amount up to 40% of the value of its managed assets.

First Trust Advisors L.P., the Funds' 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 $95 billion as of October 31, 2016 through unit
investment trusts, exchange-traded funds, closed-end funds, mutual funds and
separate managed accounts.

Henderson Global Investors (North America) Inc. ("Henderson") serves as the
Fund's investment sub-advisor. Henderson is an indirect, wholly-owned subsidiary
of Henderson Group plc ("Henderson Group"), a London-based global investment
management firm that provides a full spectrum of investment products and
services to clients around the world. First Trust Advisors L.P. and Henderson
have engaged Henderson Investment Management Limited, a registered investment
adviser and an indirect, wholly-owned subsidiary of Henderson Group, as the
sub-sub-advisor responsible for certain investment decisions of the Fund. With
offices in 19 cities with more than 1,000 employees, Henderson Group managed
approximately $131 billion in assets as of September 30, 2016.

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 FDEU, by Monday, November 28, 2016, 11:00 A.M. Eastern Time.

Principal Risk Factors: The Fund is subject to risks, including the fact that it
is a non-diversified closed-end management investment company. 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.

Because the Fund will invest primarily in securities of non-U.S issuers, which
are generally denominated in non-U.S. currencies, there are risks not typically
associated with investing in securities of U.S. issuers. Non-U.S. issuers are
subject to higher volatility than securities of U.S. issuers. An investor may
lose money if the local currency of a non-U.S. market depreciates against the
U.S. dollar.

Investments in securities of issuers located in emerging market countries are
considered speculative and there is a heightened risk of investing in emerging
markets securities.

The Fund will engage in practices and strategies that will result in exposure to
fluctuations in foreign exchange rates, thus subjecting it to foreign currency
risk.

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.

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 shareholder reports
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.