The Board of Trustees of First Trust Enhanced Equity Income Fund (the “Fund”) (NYSE: FFA), CUSIP 337318109, previously approved a managed distribution policy for the Fund (the “Managed Distribution
Plan”) in reliance on exemptive relief received from the Securities and Exchange Commission which permits the Fund to make periodic distributions of long-term capital gains more frequently than
otherwise permitted with respect to its common shares subject to certain conditions.
The Fund has declared a distribution payable on March 28, 2024, to shareholders of record as of March 25, 2024, with an ex-dividend date of March 22, 2024. This Notice is meant to provide you
information about the sources of your Fund’s distributions. You should not draw any conclusions about the Fund’s investment performance from the amount of its distribution or from the terms of its
Managed Distribution Plan.