Attached files

PRESS RELEASE                                  SOURCE: First Trust Advisors L.P.

FIRST TRUST ADVISORS L.P. ANNOUNCES PORTFOLIO MANAGER UPDATE FOR FIRST TRUST
DYNAMIC EUROPE EQUITY INCOME FUND

WHEATON, IL -- (BUSINESS WIRE) -- September 13, 2017 -- First Trust Advisors
L.P. ("FTA") announced today that Henderson Global Investors (North America)
Inc. ("Henderson") and Henderson Investment Management Limited, investment
sub-advisors for First Trust Dynamic Europe Equity Income Fund (NYSE: FDEU) (the
"Fund"), will release an update on the market and the Fund for financial
advisors and investors. The update will be available FRIDAY, SEPTEMBER 15, 2017,
AT 5:00 P.M. EASTERN TIME UNTIL 11:59 P.M. EASTERN TIME ON SATURDAY, OCTOBER 14,
2017. To listen to the update, follow these instructions:

--    Dial: (888) 203-1112; International (719) 457-0820; and Passcode #
      6048556. The update will be available from Friday, September 15, 2017, at
      5:00 P.M. Eastern Time until 11:59 P.M. Eastern Time on Saturday, October
      14, 2017.

The Fund is a non-diversified, closed-end management investment company that
seeks to provide a high level of current income. As a secondary objective, the
Fund seeks to focus on capital appreciation. The Fund will seek to achieve its
investment objective 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 stocks that
pay dividends, depositary receipts and real estate investment trusts. The Fund
will seek to focus its equity investments on income-producing securities. The
Fund will also seek to utilize a dynamic currency hedging process, which will
include, 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 will write (or sell) 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 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 $109 billion as of August 31, 2017 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 Janus Henderson Group plc ("Janus Henderson Group", d/b/a Janus Henderson
Investors). Janus Henderson Investors is headquartered in London and is a global
investment management firm that provides a full spectrum of investment products
and services to clients around the world. Janus Henderson Investors was formed
as a result of a "merger of equals" on May 30, 2017 in which Henderson Group plc
and Janus Capital Group Inc. combined their operations to form a new active
management firm that - together - builds on the strengths and capabilities of
their respective organizations. Henderson Investment Management Limited, a
registered investment adviser and an indirect, wholly-owned subsidiary of Janus
Henderson Group, serves as the Fund's sub-sub-advisor responsible for certain
investment decisions of the Fund. With offices in 27 cities with more than 2,000
employees, Janus Henderson Investors managed approximately $344.9 billion in
assets as of June 30, 2017.

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 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 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 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

---------------------------------
Source: First Trust Advisors L.P.