June 11, 2012 at 16:15 PM EDT
First Trust/Aberdeen Emerging Opportunity Fund Declares Quarterly Distribution of $0.35 Per Share

First Trust/Aberdeen Emerging Opportunity Fund (the "Fund") (NYSE: FEO) today declared its regularly scheduled quarterly distribution payable of $0.35 per share payable on June 29, 2012 to shareholders of record as of June 22, 2012. The ex-dividend date is expected to be June 20, 2012. The quarterly distribution information for the Fund appears below.

First Trust/Aberdeen Emerging Opportunity Fund (FEO):

Distribution per share: $0.35
Distribution rate based on the June 8, 2012 NAV of $20.99: 6.67%
Distribution rate based on the June 8, 2012 closing market price of $19.20: 7.29%

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

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 and/or return of capital. The final determination of the source and tax status of 2012 distributions will be made after the end of 2012.

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 Fund’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 and financial advisory services, with collective assets under management or supervision of approximately $53 billion as of May 31, 2012 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.

Aberdeen Asset Management Inc. (“Aberdeen”) serves as the Fund’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 $295.7 billion in assets as of April 30, 2012, including approximately $62.1 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 Fund’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.

Contacts:

First Trust/Aberdeen Emerging Opportunity Fund
Press Inquiries: Jane Doyle, 630-765-8775
Analyst Inquiries: Jeff Margolin, 630-915-6784
Broker Inquiries: Jeff Margolin, 630-915-6784
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