<SEC-DOCUMENT>0001445546-22-006609.txt : 20220930
<SEC-HEADER>0001445546-22-006609.hdr.sgml : 20220930
<ACCEPTANCE-DATETIME>20220930162809
ACCESSION NUMBER:		0001445546-22-006609
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20220902
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20220930
DATE AS OF CHANGE:		20220930

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST TRUST ENHANCED EQUITY INCOME FUND
		CENTRAL INDEX KEY:			0001291334
		IRS NUMBER:				300261406
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-21586
		FILM NUMBER:		221284418

	BUSINESS ADDRESS:	
		STREET 1:		C/O FIRST TRUST PORTFOLIOS L.P.
		STREET 2:		120 EAST LIBERTY DRIVE, SUITE 400
		CITY:			WHEATON
		STATE:			IL
		ZIP:			60187
		BUSINESS PHONE:		630-765-8000

	MAIL ADDRESS:	
		STREET 1:		C/O FIRST TRUST PORTFOLIOS L.P.
		STREET 2:		120 EAST LIBERTY DRIVE, SUITE 400
		CITY:			WHEATON
		STATE:			IL
		ZIP:			60187

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	First Trust/Fiduciary Asset Management Covered Call Fund
		DATE OF NAME CHANGE:	20040526

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	First Trust/Fiduciary Asset Management Covered Call Income Fund
		DATE OF NAME CHANGE:	20040521
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>ffa_8k.htm
<DESCRIPTION>CURRENT REPORT
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<P STYLE="font: 10pt/106% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B></P>

<P STYLE="font: 14pt/106% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 12pt/106% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center"><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt/106% Times New Roman, Times, Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt/106% Times New Roman, Times, Serif">Date of report (Date of earliest event reported)</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; font: 12pt/106% Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; width: 60%">September
    2, 2022</TD>
    </TR>
</TABLE>
<P STYLE="font: 12pt/106% Times New Roman, Times, Serif; margin: 0 0 16pt; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; width: 100%; font: 12pt/106% Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">First
    Trust Enhanced Equity Income Fund</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt/106% Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Exact Name of Registrant as Specified in its Charter)</TD></TR>
</TABLE>
<P STYLE="font: 12pt/106% Times New Roman, Times, Serif; margin: 0 0 16pt; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt/106% Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Massachusetts</TD>
    <TD STYLE="width: 33%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">811-21586</TD>
    <TD STYLE="width: 33%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">30-0261406</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(State or Other Jurisdiction of Incorporation)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Commission File Number)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(IRS Employer Identification No.)</TD></TR>
</TABLE>
<P STYLE="font: 12pt/106% Times New Roman, Times, Serif; margin: 0 0 16pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">120 East Liberty Drive, Suite 400</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">Wheaton, Illinois</P></TD>
    <TD STYLE="width: 50%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">60187</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt/106% Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Address of Principal Executive Offices)</TD>
    <TD STYLE="font: 12pt/106% Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Zip Code)</TD></TR>
</TABLE>
<P STYLE="font: 12pt/106% Times New Roman, Times, Serif; margin: 0 0 16pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt/106% Times New Roman, Times, Serif">Registrant's telephone number, including area code</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; font: 12pt/106% Times New Roman, Times, Serif; width: 70%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom">(630) 765-8000</TD></TR>
</TABLE>
<P STYLE="font: 12pt/106% Times New Roman, Times, Serif; margin: 0 0 16pt; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt/106% Times New Roman, Times, Serif; width: 100%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; font: 12pt/106% Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Former Name or Former Address, if Changed Since Last Report.)</TD></TR>
</TABLE>
<P STYLE="font: 12pt/106% Times New Roman, Times, Serif; margin: 0 0 16pt">&nbsp;</P>

<P STYLE="font: 12pt/106% Times New Roman, Times, Serif; margin: 0 0 8pt">Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):</P>

<P STYLE="font: 12pt/106% Times New Roman, Times, Serif; margin: 0 0 8pt">[&nbsp;&nbsp;&nbsp;] Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425)</P>

<P STYLE="font: 12pt/106% Times New Roman, Times, Serif; margin: 0 0 8pt">[&nbsp;&nbsp;&nbsp;] Soliciting material pursuant to Rule 14a-12 under
the Exchange Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 12pt/106% Times New Roman, Times, Serif; margin: 0 0 8pt">[&nbsp;&nbsp;&nbsp;] Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 12pt/106% Times New Roman, Times, Serif; margin: 0 0 8pt">[&nbsp;&nbsp;&nbsp;] Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>

<P STYLE="font: 12pt/106% Times New Roman, Times, Serif; margin: 0 0 16pt">&nbsp;</P>

<P STYLE="font: 12pt/106% Times New Roman, Times, Serif; margin: 0 0 8pt"><B>Item 7.01 Regulation FD Disclosure.</B></P>

<P STYLE="font: 12pt/106% Times New Roman, Times, Serif; margin: 0 0 8pt">First Trust Enhanced Equity Income Fund (the "Fund") is
filing herewith a revised press release initially issued on September 2, 2022, as Exhibit 99.1. The press release was issued by
First Trust Advisors L.P. to report that Chartwell Investment Partners, LLC, the Fund's investment sub-advisor, will release an
update on the market and the Fund on September 7, 2022. Details regarding the access to the update are contained in the press
release included herein.</P>

<P STYLE="font: 12pt/106% Times New Roman, Times, Serif; margin: 0 0 16pt"><B>Item 9.01 Financial Statements and Exhibits.</B></P>

<P STYLE="font: 12pt/106% Times New Roman, Times, Serif; margin: 0 0 8pt">(d) Exhibits</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt/106% Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt">Exhibit</TD>
    <TD STYLE="width: 84%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Number</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Description</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">99.1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><A HREF="pressrelease.htm"><FONT STYLE="color: blue">Press release of First
    Trust Advisors L.P. dated September 2, 2022</FONT></A>.</TD></TR>
</TABLE>
<P STYLE="font: 12pt/106% Times New Roman, Times, Serif; margin: 0 0 16pt">&nbsp;</P>

<P STYLE="font: 12pt/106% Times New Roman, Times, Serif; margin: 0 0 16pt">&nbsp;</P>

<P STYLE="font: 12pt/106% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 12pt/106% Times New Roman, Times, Serif; margin: 0 0 8pt">Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

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<TR>
    <TD STYLE="vertical-align: bottom; width: 7%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 41%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 50%">FIRST TRUST ENHANCED EQUITY INCOME FUND</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">Date</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid">September 30, 2022</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid">/s/ W. Scott Jardine</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name: W. Scott Jardine</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title: Secretary</TD></TR>
</TABLE>

<P STYLE="font: 10pt/106% Times New Roman, Times, Serif; margin: 0 0 8pt">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt/106% Times New Roman, Times, Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 12pt/106% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center"><B>EXHIBIT INDEX</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt/106% Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt">Exhibit</TD>
    <TD STYLE="width: 84%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Number</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Description</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">99.1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><A HREF="pressrelease.htm"><FONT STYLE="color: blue">Press release of First
    Trust Advisors L.P. dated September 2, 2022</FONT></A>.</TD></TR>
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<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt">&nbsp;</P>

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<TYPE>EX-99
<SEQUENCE>2
<FILENAME>pressrelease.htm
<DESCRIPTION>PRESS RELEASE
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<P STYLE="margin: 0"></P>

<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

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<TR>
    <TD STYLE="font: 12pt/14pt Times New Roman, Times, Serif; width: 50%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">PRESS RELEASE</FONT></TD>
    <TD STYLE="font: 12pt/14pt Times New Roman, Times, Serif; width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">SOURCE: First Trust Advisors L.P.</FONT></TD></TR>
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<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B></B></P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>First Trust Advisors L.P. Announces Portfolio
Manager Update for First Trust Enhanced Equity Income Fund</B></P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">WHEATON, IL &mdash; (BUSINESS WIRE) &mdash; September
2, 2022 &mdash; First Trust Advisors L.P. (&quot;FTA&quot;) announced today that Chartwell Investment Partners LLC (&quot;Chartwell&quot;),
investment sub-advisor for FFA (NYSE: FFA) (the &quot;Fund&quot;), will release an update on the market and the Fund for financial professionals
and investors. To listen to the update, click on the following link:</P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="text-decoration: underline; font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center">FFA
Replay 9/6/2022</P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The update will be available <B>Wednesday, September
7, 2022, at 5:00 P.M. Eastern Time until 11:59 P.M. Eastern Time on Thursday, October 6, 2022</B>.</P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">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.</P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">FTA is a federally registered investment advisor
and serves as the Fund's investment advisor. FTA and its affiliate First Trust Portfolios L.P. (&quot;FTP&quot;), a FINRA registered broker-dealer,
are privately-held companies that provide a variety of investment services. FTA has collective assets under management or supervision
of approximately $196 billion as of July 31, 2022 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds
and separate managed accounts. FTA is the supervisor of the First Trust unit investment trusts, while FTP is the sponsor. FTP is also
a distributor of mutual fund shares and exchange-traded fund creation units. FTA and FTP are based in Wheaton, Illinois.</P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Chartwell serves as the Fund's investment sub-advisor
and is an investment firm focusing on institutional, sub-advisory, and private client relationships. The firm is a research-based equity
and fixed-income manager with a disciplined, team-oriented investment process. As of July 31, 2022, Chartwell had approximately $10.8
billion in assets under management.</P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Principal Risk Factors: <B>Risks are inherent
in all investing. Certain risks applicable to the fund are identified below. The principal risks of investing in the fund are spelled
out in the fund's shareholder reports. The order of the below risk factors does not indicate the significance of any particular risk factor.</B><BR>
<BR>
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. There can be no assurance that the Fund's investment objectives will be
achieved. The Fund may not be appropriate for all investors.<BR>
<BR>
Securities held by a fund, as well as shares of a fund itself, are subject to market fluctuations caused by factors such as general economic
conditions, political events, regulatory or market developments, changes in interest rates and perceived trends in securities prices.
Shares of a fund could decline in value or underperform other investments as a result of the risk of loss associated with these market
fluctuations. In addition, local, regional or global events such as war, acts of terrorism, spread of infectious diseases or other public
health issues, recessions, or other events could have a significant negative impact on a fund and its investments. Such events may affect
certain geographic regions, countries, sectors and industries more significantly than others. In February 2022, Russia invaded Ukraine
which has caused and could continue to cause significant market disruptions and volatility within the markets in Russia, Europe, and the
United States. The hostilities and sanctions resulting from those hostilities could have a significant impact on certain fund investments
as well as fund performance. The outbreak of the respiratory disease designated as COVID-19 in December 2019 has caused significant volatility
and declines in global financial markets, which have caused losses for investors. While the development of vaccines has slowed the spread
of the virus and allowed for the resumption of &quot;reasonably&quot; normal business activity in the United States, many countries continue
to impose lockdown measures in an attempt to slow the spread. Additionally, there is no guarantee that vaccines will be effective against
emerging variants of the disease.<BR>
<BR>
Shares of closed-end investment companies such as the Fund frequently trade at a discount from their net asset value. The Fund cannot
predict whether its common shares will trade at, below or above net asset value.<BR>
<BR>
The Fund may write (sell) covered call options on all or a portion of the equity securities held in the Fund's portfolio. 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.<BR>
<BR>
Premiums from writing (selling) call options and dividends and interest payments made by the securities in the Fund's portfolio can vary
widely over time.<BR>
<BR>
An adverse event affecting an issuer of equity securities, such as an unfavorable earnings report, may depress the value of a particular
equity security held by the Fund. Also, the prices of equity securities are sensitive to general movements in the stock market and a drop
in the stock market may depress the prices of equity securities to which the Fund has exposure. There is no guarantee that the issuers
of the equity securities in which the Fund invests will declare dividends in the future or that if declared they will remain at current
levels. There can be no assurance as to what portion of the distributions paid to the Fund's Common Shareholders will consist of tax-advantaged
qualified dividend income.<BR>
<BR>
Investment in non-U.S. securities is subject to the risk of currency fluctuations and to economic and political risks associated with
such foreign countries.<BR>
<BR>
The Fund may not invest 25% or more of its total assets in securities of issuers in any single industry. If the Fund is focused in an
industry, it may present more risks than if it were broadly diversified over numerous industries of the economy.</P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The risks of investing in the Fund are spelled
out in the shareholder reports and other regulatory filings.</P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">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, the Internal Revenue Code or any other regulatory framework. Financial
professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether
investments are appropriate for their clients.</P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund&rsquo;s daily closing New York Stock
Exchange price and net asset value per share as well as other information can be found at <U>www.ftportfolios.com</U> or by calling 1-800-988-5891.</P>


<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">CONTACT: JEFF MARGOLIN &mdash; (630) 915-6784</P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">____________________________</P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Source: First Trust Advisors L.P.</P>

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