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PRESS RELEASE                                  SOURCE: First Trust Advisors L.P.

FIRST TRUST ADVISORS L.P. ANNOUNCES PORTFOLIO MANAGER UPDATE FOR FEI, FEN, FIF
AND FPL

WHEATON, IL -- (BUSINESS WIRE) -- October 16, 2017 -- First Trust Advisors L.P.
("FTA") announced today that Energy Income Partners, LLC ("EIP"), investment
sub-advisor for First Trust MLP and Energy Income Fund (NYSE: FEI), First Trust
Energy Income and Growth Fund (NYSE MKT: FEN), First Trust Energy Infrastructure
Fund (NYSE: FIF), and First Trust New Opportunities MLP & Energy Fund (NYSE:
FPL) (the "Funds"), will release an update on the market and the Funds for
financial advisors and investors. The update will be available WEDNESDAY,
OCTOBER 18, 2017 AT 5:00 P.M. EASTERN TIME UNTIL 11:59 P.M. EASTERN TIME ON
THURSDAY, NOVEMBER 16, 2017. To listen to the update, follow these instructions:

--   Dial: (888) 203-1112; International (719) 457-0820; and Passcode # 6992749.
     The update will be available from Wednesday, October 18, 2017, at 5:00 P.M.
     Eastern Time until 11:59 P.M. Eastern Time on Thursday, November 16, 2017.

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 $111 billion as of September 30, 2017 through unit
investment trusts, exchange-traded funds, closed-end funds, mutual funds and
separate managed accounts.

EIP provides advisory services to a number of investment companies and
partnerships for the purpose of investing in MLPs and other energy
infrastructure securities. EIP is one of the early investment advisors
specializing in this area. As of September 30, 2017, EIP managed or supervised
approximately $5.9 billion in client assets.

Investment return and market value of an investment in the Funds will fluctuate.
Shares, when sold, may be worth more or less than their original cost.

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

Because the Funds are concentrated in securities issued by MLPs, MLP-related
entities, and other energy and utilities companies, they will be more
susceptible to adverse economic or regulatory occurrences affecting those
industries, including high interest costs, high leverage costs, the effects of
economic slowdown, surplus capacity, increased competition, uncertainties
concerning the availability of fuel at reasonable prices, the effects of energy
conservation policies and other factors.

The Funds invests in securities of non-U.S. issuers which are subject to higher
volatility than securities of U.S. issuers. Because the Funds invest in non-U.S.
securities, you may lose money if the local currency of a non-U.S. market
depreciates against the U.S. dollar.

The Funds' use of derivatives may result in losses greater than if they had not
been used, may require the Funds to sell or purchase portfolio securities at
inopportune times, may limit the amount of appreciation the Funds can realize on
an investment, or may cause the Funds to hold a security that they might
otherwise sell.

There can be no assurance as to what portion of FIF's distributions paid to the
Fund's Common Shareholders will consist of tax-advantaged qualified dividend
income.

Use of leverage can result in additional risk and cost, and can magnify the
effect of any losses.

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 risks of investing in the Funds are spelled out in the prospectus,
shareholder reports and other regulatory filings.

The Funds' daily New York Stock Exchange closing price and net asset value per
share as well as other related information can be found at www.ftportfolios.com
or by calling 1-800-988-5891.

CONTACT: JEFF MARGOLIN - (630) 915-6784

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Source: First Trust Advisors L.P.