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First Trust/Aberdeen Emerging Opportunity Fund Declares Long-Term Capital Gain Distribution of $0.35 per Share

^{Published on 2010-12-10 13:45:49 - Market Wire}
 

WHEATON, Ill.--([ BUSINESS WIRE ])--First Trust/Aberdeen Emerging Opportunity Fund (the "Fund") (NYSE: FEO) today declared a long-term capital gain distribution of $0.35 per share payable on December 31, 2010 to shareholders of record as of December 23, 2010. The ex-dividend date is expected to be December 21, 2010.

The Funda™s current policy is to make level distributions each quarter in the amount of $0.35 per share.

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 closed-end management investment company that seeks to provide a high level of total return. The Fund seeks to achieve its investment objective by investing at least 80% of its managed assets in a diversified portfolio of equity and fixed-income securities of issuers in emerging market countries.

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 $39 billion as of November 30, 2010 through closed-end funds, unit investment trusts, mutual funds, separate managed accounts and exchange-traded funds.

Aberdeen Asset Management Inc. (aAberdeena) serves as the Funda™s investment sub-advisor. Aberdeen is a wholly owned subsidiary of Aberdeen Asset Management PLC which is the parent company of an asset management group managing approximately $281 billion in assets as of September 30, 2010, including approximately $71 billion in global fixed-income securities, for a range of pension funds, financial institutions, investment trusts, unit trusts, offshore funds, charities and private clients.

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.

The Fund is exposed to several risks including, but not limited to, the following: investment and market risk, management risk, emerging markets risk, equity securities risk, fixed-income securities risk, interest rate risk, non investment-grade securities risk, non-U.S. securities risk, government securities risk, non-U.S. government securities risk, currency risk, preferred stock risk, convertible securities risk, asset-backed securities risk, credit linked notes risk, credit default swaps risk, smaller capitalization risk, market discount from net asset value, leverage risk, derivatives risk, portfolio turnover risk, market disruption risk, inflation risk, and illiquid/restricted securities risk. The risks of investing in the Fund are spelled out in the prospectus, shareholder report and other regulatory filings.

The Funda™s daily New York Stock Exchange closing 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.