Follow-on Offering

Energy
Follow-on Offering

Summary

Baird served as a co-lead manager in this offering

About

Energy Income and Growth Fund (NYSE AMEX: FEN) (the “Fund”) recently completed a follow-on offering of 2,800,000 shares of its common stock at a price of $28.13 per share. The offering generated $78.8 million of gross proceeds. The Fund intends to invest the net proceeds from this offering to acquire portfolio securities in pursuit of its investment objectives and policies and for general corporate purposes.

The Fund is a non-diversified, closed-end management investment company, which commenced investment operations in June 2004. The Fund’s investment objective is to seek a high level of after-tax total return with an emphasis on current distributions paid to shareholders. The Fund seeks to achieve its objective by investing primarily in master limited partnerships and related public entities in the energy sector.

For additional information about this transaction, please contact:

Frank Murphy (314) 445-6532
Curtis Goot (314) 445-6540
Kjell Lundal (314) 445-6533
Energy
Follow-on Offering
Date
July 2011
Company
Energy Income and Growth Fund
Transaction
M&A
Sectors
Energy
Target Location
North America

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