First Trust Energy Income and Growth Fund
FEN
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- James M. Dykas
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 120 East Liberty Drive Wheaton IL United States of America 60187
- IPO Date
- Jun 25, 2004
- CIK
- 0001284940
- Website
- ftportfolios.com
- Similar Companies
- Business
- First Trust Energy Income and Growth Fund (NYSE: FEN) is a diversified, closed-end management investment company that seeks a high level of total return with an emphasis on current distributions paid at a high level consistent with the preservation of capital by investing primarily in the energy sector. The Fund pursues its investment objectives by investing at least 80% of its managed assets in securities of companies engaged in the exploration, production, transportation, storage, refining, marketing, generation and processing of energy or energy-related products, including equity and fixed-income securities of U.S. and non-U.S. issuers; energy sector master limited partnerships; pipeline limited partnerships; and other energy sector investments, such as derivatives, options, preferred stocks and convertible securities. FEN offers investors monthly distributions derived from income and capital gains, with a focus on midstream energy infrastructure, upstream producers, and downstream refiners; it employs leverage through bank borrowings to enhance returns. The Fund operates globally with primary exposure to North American energy markets, including the U.S., Canada, and select international opportunities in energy commodities and infrastructure. First Trust Advisors LP serves as the investment adviser, with the Fund headquartered in Wheaton, Illinois, and launched in 2004. Recent developments include the announcement in late 2024 of enhanced distribution policies amid volatile energy prices, alongside portfolio adjustments to increase holdings in liquefied natural gas (LNG) exporters and renewable energy transition plays; in 2025, FEN completed a rights offering to raise capital for increased investments in midstream assets, reflecting strategic expansion into sustainable energy infrastructure amid regulatory shifts. No major acquisitions or name changes have occurred in the past 1-2 years, though the Fund has actively managed dividend sustainability through covered call strategies on key holdings.