Eagle Growth and Income Opportunities Fund Declares Monthly Distribution of $0.08 Per Share

NEW YORK–(BUSINESS WIRE)–Eagle Growth and Income Opportunities Fund (the “Fund”) (NYSE: EGIF)
today announced the declaration of its monthly distribution of $0.08 per
common share, payable December 31, 2018. Based on the Fund’s current
share price of $13.85 as of its close on December 6, 2018, the
distribution represents an annualized yield of 6.93%.

Information regarding the distribution rate is included for
informational purposes only and is not necessarily indicative of future
results, the achievement of which cannot be assured. The distribution
rate should not be considered the yield or total return on an investment
in the Fund.

The following dates apply to this distribution:

     
Ex-Dividend Date: December 14, 2018
Record Date: December 17, 2018
Payable Date: December 31, 2018
 

A portion of each distribution may be treated as paid from sources other
than undistributed net investment income, including but not limited to
short-term capital gain, long-term capital gain or return of capital. As
required by Section 19(a) of the Investment Company Act of 1940, a
notice will be distributed to the Fund’s stockholders in the event that
a portion of a monthly distribution is derived from sources other than
undistributed net investment income. In January or February of each
year, investors will be sent a Form 1099-DIV for the previous calendar
year that will define how to report these distributions for federal
income tax purposes.

The investment return, price, yields, market value and net asset value
(NAV) of the Fund’s shares will fluctuate with market conditions, and it
is possible to lose money by investing in the Fund. Closed-end funds
frequently trade at a discount to NAV, which may increase the investor’s
risk of loss. There is no assurance that the Fund will meet its
investment objective.

Investment return and principal value will fluctuate. Past performance
is not a guarantee of future results.

Eagle Growth and Income Opportunities Fund

The Fund is a non-diversified, closed-end management investment company
that is advised by Four Wood Capital Advisors LLC, a wholly-owned
subsidiary of Four Wood Capital Partners LLC, and subadvised by Eagle
Asset Management, Inc. and Recon Capital Partners. The Fund’s investment
objective is to provide total return through a combination of current
income and capital appreciation. There can be no assurance that the Fund
will achieve its investment objectives.

About Four Wood Capital Advisors LLC

Four Wood Capital Advisors LLC (“FWCA”) is the Fund’s investment advisor
and is registered with the U.S. Securities Exchange Commission as an
investment advisor. FWCA is a New York Limited Liability Company formed
in June 2012 to provide investment management and advisory services to
registered investment companies and institutional investors. FWCA is a
wholly owned subsidiary of Four Wood Capital Partners LLC.

About Eagle Asset Management, Inc.

Eagle Asset Management, Inc. (“Eagle”) provides institutional and
individual investors with a broad array of equity and fixed income
products designed to meet long-term goals.

Forward-Looking Statements

Statements included herein may constitute “forward-looking statements”,
which relate to future events or our future performance or financial
condition. These statements are not guarantees of future performance,
condition or results and involve a number of risks and uncertainties.
Actual results may differ materially from those in the forward-looking
statements as a result of a number of factors, including those described
from time to time in our fillings with the Securities and Exchange
Commission. Eagle Growth and Income Opportunities Fund undertakes no
duty to update any forward-looking statements made herein.

Contact the Fund at 1.855.456.3927 or visit the Fund’s website at http://fwcapitaladvisors.com
/egif
for additional information.

Contacts

Media Contact
Stephanie Trell
Four Wood Capital
Partners LLC
212.701.4500