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First Trust Active Dividend Income Fund Declares its Quarterly Distribution of $0.32 Per Share

^{Published on 2010-07-12 14:45:28 - Market Wire}
 

WHEATON, Ill.--([ BUSINESS WIRE ])--First Trust Active Dividend Income Fund (the "Fund") (NYSE: FAV) has declared its regularly scheduled quarterly distribution, payable on July 30, 2010 to shareholders of record as of July 23, 2010. The ex-dividend date is expected to be July 21, 2010. The quarterly distribution information for the Fund appears below.

The majority, and possibly all, of this distribution will be paid out of net investment income earned by the Fund. A portion of this distribution may come from net short-term realized capital gains or return of capital. The final determination of the source and tax status of all 2010 distributions will be made after the end of 2010.

The Fund is a diversified, closed-end management investment company that seeks to provide a high level of current income. As a secondary objective, the Fund seeks to provide capital appreciation. The Fund pursues these investment objectives by investing at least 80% of its Managed Assets in a diversified portfolio of dividend-paying multi-cap equity securities of both U.S. and non-U.S. issuers that the Funda™s investment sub-advisor believes offer the potential for attractive income and/or capital appreciation.

First Trust Advisors L.P., the Funda™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, financial advisory services, and municipal and corporate investment banking, with collective assets under management or supervision of approximately $29 billion as of June 30, 2010 through closed-end funds, unit investment trusts, mutual funds, separate managed accounts and exchange-traded funds.

Aviance Capital Management, LLC, (aAviancea), the Funda™s investment sub-advisor, focuses on managing multi-cap value and growth portfolios.

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.

Principal Risk Factors: Investment in this Fund involves investment and market risk; management risk; sub-advisor risk; value investing risk; dividend strategy risk; qualified dividend tax risk; equity securities risk; small and medium cap company risk; non-U.S. securities risk; and emerging markets risk. The risks of investing in the Fund are spelled out in the prospectus, shareholder report and other regulatory filings.

The Funda™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 1-800-988-5891.