FFR First Trust FTSE EPRA NAREIT Developed Mrkts Real Estate Indx Fd

First Trust Advisors L.P. (�FTA�) announced today that only one of the 38 exchange-traded funds advised by FTA, First Trust FTSE EPRA/NAREIT Global Real Estate Index Fund, is distributing capital gains in 2008. Expected capital gain distributions for 2008. � � � Short-Term � Long-Term � � � � Capital Gain Capital Gain Total Capital Ex-Dividend Payable Ticker � Fund Name � Per Share � Per Share � Gain Per Share � % of NAV* � Date � Date FFR First Trust FTSE EPRA/NAREIT $0.0000 $0.0111 $0.0111 0.0473% 12/23/08 12/31/08 Global Real Estate Index Fund *Based on the NAV as of 12/22/2008. The final determination of the source and tax status of 2008 distributions for this fund will be made after the end of 2008. �We are especially pleased that our exchange-traded funds have again provided tax efficient market exposure. Taxes are especially critical during market downturns because every penny counts,� said Dan Waldron, Senior Vice President and head of exchange-traded funds for FTA. �In a year when investors have positive returns, a capital gains tax bill may not come as a surprise. But, when investments are down, getting a tax bill on top of significant losses is like adding insult to injury. This year has been a harsh reminder of the need for tax efficiency and transparency. Keeping what you earn and knowing what you own have been our fundamental principles for years and this is a year where it really hits home.� About First Trust 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, financial advisory services, and municipal and corporate investment banking, with collective assets under management or supervision of over $17 billion as of November 30, 2008 through closed-end funds, unit investment trusts, mutual funds, separate managed accounts and exchange-traded funds. For more information, please visit www.ftportfolios.com. 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 Fund�s 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 Fund�s shares will decline, more or less, in correlation with any decline in the value of the index. A Fund�s 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 share�s 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.