January 24, 2008 at 17:55 PM EST
Exchange-Traded Funds advised by First Trust Advisors L.P. Announce Recap of Capital Gains Distributions for 2007

First Trust Advisors L.P. (FTA) announced today that 33 of 36 First Trust exchange-traded funds advised by FTA distributed zero capital gains in 2007. The short-term capital gains that were distributed from three of the 36 funds (Funds) amounted to a minimal 1.6 basis points or less, based on the net asset value (NAV) on the declaration date.

Listed below are the capital gain distributions made in 2007.

TickerFund NameShort-Term Capital Gain Per ShareLong-Term Capital Gain Per ShareTotal Capital Gain Per Share

% of NAV

Ex-Dividend DatePayable Date
FXN First Trust Energy

AlphaDEXTM Fund

$0.0036 $0.0000 $0.0036 0.0160% 12/21/07 12/31/07
FNI First Trust ISE Chindia

Index Fund

$0.0031 $0.0000 $0.0031 0.0115% 12/21/07 12/31/07
FFR First Trust FTSE EPRA/NAREIT

Global Real Estate Index Fund

$0.0073 $0.0000 $0.0073 0.0157% 12/21/07 12/31/07

About First Trust

First Trust Advisors L.P. (FTA) and its affiliate First Trust Portfolios L.P. (FTP) 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 over $33 billion as of December 31, 2007 through closed-end funds, unit investment trusts, mutual funds, separate managed accounts and exchange-traded funds.

You should consider the investment objectives, risks, charges and expenses of a Fund before investing. Prospectuses for the Funds contain this and other important information and are available free of charge by calling toll-free at 1-800-621-1675 or visiting www.ftportfolios.com. A prospectus should be read carefully before investing.

Principal Risk Factors: A Funds shares will change in value, and you could lose money by investing in a Fund. An investment in a Fund involves risk similar to those of investing in any fund of equity securities traded on exchanges. A Fund seeks investments results that correspond generally to the price and yield of an index. You should anticipate that the value of a Funds shares will decline, more or less, in correlation with any decline in the value of the index. A Funds return may not match the return of the index. A Fund may invest in small capitalization and mid capitalization companies. Such companies may experience greater price volatility than larger, more established companies.

Investors buying or selling Fund shares on the secondary market may incur brokerage commissions. Investors who sell Fund shares may receive less than the shares net asset value. Unlike shares of open-end mutual funds, investors are generally not able to purchase Fund shares directly from the Fund and individual shares are not redeemable. However, specified large blocks of shares called creation units can be purchased from, or redeemed to, the Fund.

Contacts:

First Trust Advisors L.P.
Press Inquiries
Jane Doyle
630-241-8775
or
Analyst Inquiries
Jeff Margolin
630-915-6784
or
Broker Inquiries
Jeff Margolin
630-915-6784
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