UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-21586
First Trust Enhanced Equity Income Fund
(Exact name of registrant as specified in charter)
120 East Liberty Drive, Suite 400
Wheaton, IL 60187
(Address of principal executive offices) (Zip code)
W. Scott Jardine, Esq.
First Trust Portfolios L.P.
120 East Liberty Drive, Suite 400
Wheaton, IL 60187
(Name and address of agent for service)
Registrant's telephone number, including area code: 630-765-8000
Date of fiscal year end: December 31
Date of reporting period: March 31, 2009
Form N-Q is to be used by management investment companies, other than small
business investment companies registered on Form N-5 (Sections 239.24 and 274.5
of this chapter), to file reports with the Commission, not later than 60 days
after the close of the first and third fiscal quarters, pursuant to rule 30b1-5
under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may
use the information provided on Form N-Q in its regulatory, disclosure review,
inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-Q, and
the Commission will make this information public. A registrant is not required
to respond to the collection of information contained in Form N-Q unless the
Form displays a currently valid Office of Management and Budget ("OMB") control
number. Please direct comments concerning the accuracy of the information
collection burden estimate and any suggestions for reducing the burden to the
Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC
20549. The OMB has reviewed this collection of information under the clearance
requirements of 44 U.S.C. Section 3507.
ITEM 1. SCHEDULE OF INVESTMENTS.
The Schedule(s) of Investments is attached herewith.
FIRST TRUST ENHANCED EQUITY INCOME FUND
PORTFOLIO OF INVESTMENTS (a)
MARCH 31,2009 (UNAUDITED)
SHARES DESCRIPTION VALUE
------------ ----------------------------------------------- ---------------
COMMON STOCKS - 99.7%
AEROSPACE & DEFENSE - 3.5%
150,000 Honeywell International, Inc. ................. $ 4,179,000
64,200 United Technologies Corp. ..................... 2,759,316
---------------
6,938,316
---------------
BEVERAGES - 6.4%
110,000 Coca-Cola (The), Company ...................... 4,834,500
100,000 Diageo PLC, SP ADR. ........................... 4,475,000
66,025 PepsiCo, Inc. ................................. 3,398,967
---------------
12,708,467
---------------
CAPITAL MARKETS - 2.3%
160,000 Bank of New York Mellon (The), Corp. .......... 4,520,000
---------------
CHEMICALS - 2.2%
120,000 PPG Industries, Inc. .......................... 4,428,000
---------------
COMMERCIAL SERVICES & SUPPLIES - 0.8%
60,000 Waste Management, Inc. ........................ 1,536,000
---------------
COMMUNICATIONS EQUIPMENT - 2.5%
295,200 Cisco Systems, Inc. (b) ...................... 4,950,504
---------------
COMPUTERS & PERIPHERALS - 2.5%
50,000 International Business Machines Corp. ......... 4,844,500
---------------
DIVERSIFIED FINANCIAL SERVICES - 3.6%
400,000 CIT Group, Inc. ............................... 1,140,000
225,000 JPMorgan Chase & Company ..................... 5,980,500
---------------
7,120,500
---------------
DIVERSIFIED TELECOMMUNICATION SERVICES - 6.2%
300,000 Alaska Communications Systems Group, Inc. ..... 2,010,000
172,000 AT&T, Inc. .................................... 4,334,400
195,000 Verizon Communications, Inc. .................. 5,889,000
---------------
12,233,400
---------------
ELECTRIC UTILITIES - 4.6%
100,000 Exelon Corp. .................................. 4,539,000
150,000 Southern Company .............................. 4,593,000
---------------
9,132,000
---------------
ELECTRICAL EQUIPMENT - 2.6%
180,000 Emerson Electric Company ...................... 5,144,400
---------------
FOOD & STAPLES RETAILING - 0.5%
20,000 Wal-Mart Stores, Inc. ......................... 1,042,000
---------------
HEALTHCARE EQUIPMENT & SUPPLIES - 0.9%
60,000 Medtronic, Inc. ............................... 1,768,200
---------------
HOTELS,RESTAURANTS & LEISURE - 1.9%
101,100 Carnival Corp. ................................ 2,183,760
30,000 McDonald's Corp. .............................. 1,637,100
---------------
3,820,860
---------------
See Notes to Quarterly Portfolio of Investments
Page 1
FIRST TRUST ENHANCED EQUITY INCOME FUND
PORTFOLIO OF INVESTMENTS (a) - (CONTINUED)
MARCH 31,2009 (UNAUDITED)
SHARES DESCRIPTION VALUE
------------ ----------------------------------------------- ---------------
COMMON STOCKS - (CONTINUED)
INDUSTRIAL CONGLOMERATES - 0.8%
30,000 3M Company. ................................... $ 1,491,600
---------------
INSURANCE - 6.5%
130,000 ACE Ltd. ...................................... 5,252,000
20,000 Chubb (The), Corp. ............................ 846,400
200,000 MetLife, Inc. ................................. 4,554,000
110,000 Prudential Financial, Inc. .................... 2,092,200
---------------
12,744,600
---------------
IT SERVICES - 1.3%
100,000 Paychex, Inc. ................................. 2,567,000
---------------
MACHINERY - 1.9%
131,000 Caterpillar, Inc. ............................. 3,662,760
---------------
MARINE - 0.4%
90,000 Seaspan Corp. ................................. 739,800
---------------
MEDIA - 1.5%
175,000 Regal Entertainment Group, Class A ............ 2,346,750
30,000 Walt Disney (The), Company .................... 544,800
---------------
2,891,550
---------------
MULTILINE RETAIL - 2.1%
121,000 Target Corp. .................................. 4,161,190
---------------
OIL,GAS & CONSUMABLE FUELS - 18.7%
79,400 Chevron Corp. ................................. 5,338,856
100,000 ConocoPhillips ................................ 3,916,000
200,000 Copano Energy, LLC (c) ........................ 2,664,000
110,000 Energy Transfer Partners, L.P. (c) ............ 4,057,900
50,000 Enterprise Products Partners L.P. (c) ......... 1,112,500
135,000 Exxon Mobil Corp. ............................. 9,193,500
60,000 Magellan Midstream Partners, L.P. (c) ......... 1,762,200
145,000 Occidental Petroleum Corp. .................... 8,069,250
60,000 Williams Companies (The), Inc. ................ 682,800
---------------
36,797,006
---------------
PHARMACEUTICALS - 12.5%
150,000 Abbott Laboratories ........................... 7,155,000
430,000 Bristol-Myers Squibb Company ................. 9,425,600
50,000 Eli Lilly & Co. ............................... 1,670,500
250,000 Pfizer, Inc. .................................. 3,405,000
70,000 Wyeth ......................................... 3,012,800
---------------
24,668,900
---------------
REAL ESTATE INVESTMENT TRUSTS (REITS) - 4.4%
400,000 Annaly Capital Management, Inc. ............... 5,548,000
550,000 MFA Mortgage Investments, Inc. ................ 3,234,000
---------------
8,782,000
---------------
See Notes to Quarterly Portfolio of Investments
Page 2
FIRST TRUST ENHANCED EQUITY INCOME FUND
PORTFOLIO OF INVESTMENTS (a) - (CONTINUED)
MARCH 31,2009 (UNAUDITED)
SHARES DESCRIPTION VALUE
------------ ----------------------------------------------- ---------------
COMMON STOCKS - (CONTINUED)
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 4.7%
399,800 Intel Corp. ................................... $ 6,016,990
150,000 Microchip Technology, Inc. .................... 3,178,500
---------------
9,195,490
---------------
SOFTWARE - 1.4%
150,000 Microsoft Corp. ............................... 2,755,500
---------------
SPECIALTY RETAIL - 1.3%
300,000 Limited Brands, Inc. .......................... 2,610,000
---------------
TOBACCO - 1.7%
140,000 Altria Group, Inc. ............................ 2,242,800
30,000 Philip Morris International, Inc. ............. 1,067,400
---------------
3,310,200
---------------
TOTAL COMMON STOCKS
(Cost $281,017,751) ........................... 196,564,743
---------------
EXCHANGE-TRADED FUNDS - 2.0%
LARGE CAP GROWTH - 0.6%
15,000 SPDR Trust Series 1 ........................... 1,191,600
---------------
SECTOR - 1.4%
200,000 SPDR KBW Bank ETF ............................ 2,772,000
---------------
TOTAL EXCHANGE-TRADED FUNDS
(Cost $3,939,158) ............................. 3,963,600
---------------
TOTAL INVESTMENTS - 101.7%
(Cost $284,956,909) (d) ....................... 200,528,343
---------------
NUMBER OF
CONTRACTS DESCRIPTION VALUE
------------ ----------------------------------------------- ---------------
CALL OPTIONS WRITTEN - (2.4%)
3M Company Call
300 @ 50 due Apr 09 ............................... (54,000)
---------------
Abbott Laboratories Call
500 @ 50 due Apr 09 ............................... (30,000)
---------------
Annaly Capital Management, Inc. Call
4,000 @ 15 due Apr 09 ............................... (80,000)
---------------
AT&T, Inc. Call
1,300 @ 27 due Apr 09 ............................... (19,500)
---------------
Bank of New York Mellon (The), Corp. Calls
300 @ 27.5 due Apr 09 ............................. (78,000)
1,300 @ 30 due Apr 09 .............................. (182,000)
---------------
(260,000)
---------------
See Notes to Quarterly Portfolio of Investments
Page 3
FIRST TRUST ENHANCED EQUITY INCOME FUND
PORTFOLIO OF INVESTMENTS (a) - (CONTINUED)
MARCH 31,2009 (UNAUDITED)
NUMBER OF
CONTRACTS DESCRIPTION VALUE
------------ ----------------------------------------------- ---------------
CALL OPTIONS WRITTEN - (CONTINUED)
Carnival Corp. Calls
500 @ 20 due Apr 09 ............................... $ (105,000)
511 @ 22.5 due Apr 09 ............................. (40,880)
---------------
(145,880)
---------------
Caterpillar, Inc. Call
310 @ 30 due Apr 09 ............................... (22,320)
---------------
Chevron Corp. Call
794 @ 70 due Apr 09 ............................... (95,280)
---------------
Chubb (The), Corp. Call
200 @ 45 due Apr 09 ............................... (14,200)
---------------
Cisco Systems, Inc. Call
1,000 @ 18 due Apr 09 ............................... (14,000)
---------------
Coca-Cola (The), Company Call
550 @ 45 due Apr 09 ............................... (46,750)
---------------
ConocoPhillips Calls
400 @ 40 due Apr 09 ............................... (50,400)
600 @ 45 due Apr 09 ............................... (10,200)
---------------
(60,600)
---------------
Diageo PLC, SP ADR Call
400 @ 50 due Apr 09 ............................... (4,000)
---------------
Exelon Corp. Call
1,000 @ 50 due Apr 09 ............................... (28,000)
---------------
Exxon Mobil Corp. Calls
300 @ 70 due Apr 09 ............................... (42,600)
500 @ 75 due Apr 09 ............................... (13,000)
---------------
(55,600)
---------------
Honeywell International, Inc. Call
500 @ 32.5 due Apr 09 ............................. (5,000)
---------------
Intel Corp. Call
1,000 @ 16 due Apr 09 ............................... (35,000)
---------------
International Business Machines Corp. Call
500 @ 100 due Apr 09 .............................. (94,500)
---------------
JPMorgan Chase & Company Call
300 @ 27.5 due Apr 09 ............................. (54,600)
---------------
Limited Brands, Inc. Call
1,000 @ 10 due May 09 ............................... (53,000)
---------------
McDonald's Corp. Call
150 @ 57.5 due Apr 09 ............................. (5,250)
---------------
See Notes to Quarterly Portfolio of Investments
Page 4
FIRST TRUST ENHANCED EQUITY INCOME FUND
PORTFOLIO OF INVESTMENTS (a) - (CONTINUED)
MARCH 31,2009 (UNAUDITED)
NUMBER OF
CONTRACTS DESCRIPTION VALUE
------------ ----------------------------------------------- ---------------
CALL OPTIONS WRITTEN - (CONTINUED)
MetLife, Inc. Call
1,600 @ 25 due Apr 09 ............................... $ (208,000)
---------------
Microchip Technology, Inc. Call
750 @ 22.5 due Apr 09 ............................. (26,250)
---------------
Microsoft Corp. Call
1,050 @ 19 due Apr 09 ............................... (49,350)
---------------
Occidental Petroleum Corp. Calls
700 @ 60 due Apr 09 ............................... (84,000)
750 @ 65 due Apr 09 ............................... (22,500)
---------------
(106,500)
---------------
Pfizer, Inc. Call
700 @ 14 due Apr 09 ............................... (20,300)
---------------
PPG Industries, Inc. Calls
300 @ 35 due Apr 09 ............................... (84,000)
400 @ 40 due Apr 09 ............................... (26,000)
---------------
(110,000)
---------------
Prudential Financial, Inc. Calls
400 @ 22.5 due Apr 09 ............................. (44,000)
700 @ 25 due Apr 09 ............................... (36,400)
---------------
(80,400)
---------------
Regal Entertainment Group, Class A Call
300 @ 12.5 due May 09 ............................. (49,500)
---------------
S&P 500 Index Calls
400 @ 785 due Apr 09 .............................. (1,360,000)
400 @ 810 due Apr 09 .............................. (900,000)
300 @ 840 due Apr 09 .............................. (300,000)
---------------
(2,560,000)
---------------
Seaspan Corp. Call
450 @ 10 due Apr 09 ............................... (6,750)
---------------
SPDR KBW Bank ETF Calls
1,000 @ 15 due Apr 09 ............................... (70,000)
1,000 @ 16 due Apr 09 ............................... (27,000)
---------------
(97,000)
---------------
SPDR Trust Series 1 Call
100 @ 85 due Apr 09 ............................... (7,500)
---------------
Target Corp. Call
600 @ 35 due Apr 09 ............................... (85,200)
---------------
United Technologies Corp. Call
342 @ 45 due Apr 09 ............................... (30,780)
---------------
See Notes to Quarterly Portfolio of Investments
Page 5
FIRST TRUST ENHANCED EQUITY INCOME FUND
PORTFOLIO OF INVESTMENTS (a) - (CONTINUED)
MARCH 31,2009 (UNAUDITED)
NUMBER OF
CONTRACTS DESCRIPTION VALUE
------------ ----------------------------------------------- ---------------
CALL OPTIONS WRITTEN - (CONTINUED)
Verizon Communications, Inc. Call
1,000 @ 32.5 due Apr 09 ............................. $ (16,000)
---------------
Waste Management, Inc. Call
600 @ 27.5 due Apr 09 ............................. (18,000)
---------------
TOTAL CALL OPTIONS WRITTEN - (2.4%) ........... (4,649,010)
(Premiums received $5,425,280)
NET OTHER ASSETS AND LIABILITIES - 0.7% ....... 1,311,249
---------------
NET ASSETS - 100.0% ........................... $ 197,190,582
===============
----------
(a) All percentages shown in the Portfolio of Investments are based on net
assets.
(b) Non-income producing security.
(c) Master Limited Partnership ("MLP")
(d) Aggregate cost for financial reporting purposes, which approximates the
aggregate cost for federal income tax purposes. As of March 31, 2009, the
aggregate gross unrealized appreciation for all securities in which there
was an excess of value over tax cost was $930,878 and the aggregate gross
unrealized depreciation for all securities in which there was an excess of
tax cost over value was $85,359,444.
SP ADR Sponsored American Depositary Receipt
SECURITY VALUATION INPUTS
A summary of the inputs used to value the Fund's investments as of March 31,
2009 is as follows (See Note 1A - Portfolio Valuation in the Notes to Quarterly
Portfolio of Investments):
VALUATION INPUTS INVESTMENTS
---------------- ------------
Level 1 - Quoted Prices $200,528,343
Level 1 - Quoted Prices - Written Options (4,649,010)
Level 2 - Other Significant Observable Inputs --
Level 3 - Significant Unobservable Inputs --
------------
TOTAL $195,879,333
============
See Notes to Quarterly Portfolio of Investments
Page 6
NOTES TO QUARTERLY PORTFOLIO OF INVESTMENTS
FIRST TRUST ENHANCED EQUITY INCOME FUND
MARCH 31,2009 (UNAUDITED)
1. VALUATION AND INVESTMENT PRACTICES
A. PORTFOLIO VALUATION:
The net asset value ("NAV") of the Common Shares of First Trust Enhanced Equity
Income Fund (the "Fund") is determined daily as of the close of regular trading
on the New York Stock Exchange ("NYSE"), normally 4:00 p.m. Eastern time, on
each day the NYSE is open for trading. The NAV per Common Share is calculated by
dividing the value of all assets of the Fund (including accrued interest and
dividends), less all liabilities (including accrued expenses, the value of call
options written (sold) and dividends declared but unpaid), by the total number
of Common Shares outstanding.
The Fund's investments are valued daily at market value or, in the absence of
market value with respect to any portfolio securities, at fair value in
accordance with valuation procedures adopted by the Fund's Board of Trustees.
Portfolio securities listed on any exchange other than the NASDAQ National
Market ("NASDAQ") and the London Stock Exchange Alternative Investment Market
("AIM") are valued at the last sale price on the business day as of which such
value is being determined. Securities listed on the NASDAQ or the AIM are valued
at the official closing price on the business day as of which such value is
being determined. If there has been no sale on such day, or no official closing
price in the case of securities traded on the NASDAQ or the AIM, the securities
are valued at the mean of the most recent bid and ask prices on such day.
Portfolio securities traded on more than one securities exchange are valued at
the last sale price or official closing price, as applicable, on the business
day as of which such value is being determined at the close of the exchange
representing the principal market for such securities. Portfolio securities
traded in the over-the-counter market, but excluding securities trading on the
NASDAQ and the AIM, are valued at the closing bid prices. Short-term investments
that mature in less than 60 days when purchased are valued at amortized cost.
The Fund values exchange-traded options and other derivative contracts at the
closing price on the exchange on which they are principally traded, or if not
traded, or no closing price is available, at the mean between the last bid and
asked price.
In September 2006, the Financial Accounting Standards Board ("FASB") issued
Statement of Financial Accounting Standards No. 157, Fair Value Measurements
("FAS 157"), effective for fiscal years beginning after November 15, 2007. This
standard clarifies the definition of fair value for financial reporting,
establishes a framework for measuring fair value and requires additional
disclosures about the use of fair value measurements. The three levels of the
fair value hierarchy under FAS 157 are described below:
- Level 1 - quoted prices in active markets for identical securities
- Level 2 - other significant observable inputs (including quoted prices
for similar securities, interest rates, prepayment speeds,
credit risk, etc.)
- Level 3 - significant unobservable inputs (including the Fund's own
assumptions in determining the fair value of investments)
The inputs or methodology used for valuing securities are not necessarily an
indication of the risk associated with investing in those securities. A summary
of the inputs used to value the Fund's investments as of March 31, 2009 is
included with the Fund's Portfolio of Investments.
In April 2009, FASB issued FASB Staff Position No. 157-4, Determining Fair Value
when the Volume and Level of Activity for the Asset or Liability Have
Significantly Decreased and Identifying Transactions That Are Not Orderly, ("FSP
157-4"). FSP 157-4 is effective for fiscal years and interim periods ending
after June 15, 2009. FSP 157-4 provides additional guidance for estimating fair
value in accordance with FAS 157, when the volume and level of activity for the
asset or liability have significantly decreased. FSP 157-4 also includes
guidance on identifying circumstances that indicate a transaction is not
orderly. Management is currently evaluating the impact the implementation of FSP
157-4 will have on the Funds' financial statement disclosures, if any.
B. OPTION CONTRACTS:
COVERED OPTIONS. The Fund may write (sell) covered call options ("options") on
all or a portion of the equity securities held in the Fund's portfolio and on
securities indices as determined to be appropriate by Chartwell Investment
Partners, L.P (the "Sub-Advisor" or "Chartwell"), consistent with the Fund's
investment objective. The number of options the Fund can write (sell) is limited
by the amount of equity securities the Fund holds in its portfolio. Options on
securities indices are designed to reflect price fluctuations in a group of
securities or a segment of the securities market rather than price fluctuations
in a single security and are similar to options on single securities, except
that the exercise of securities index options requires cash settlement payments
and does not involve the actual purchase
Page 7
NOTES TO QUARTERLY PORTFOLIO OF INVESTMENTS - (CONTINUED)
FIRST TRUST ENHANCED EQUITY INCOME FUND
MARCH 31,2009 (UNAUDITED)
or sale of securities. The Fund will not write (sell) "naked" or uncovered
options. If certain equity securities held in the Fund's portfolio are not
covered by a related call option on the individual equity security, securities
index options may be written on all or a portion of such uncovered securities.
By writing (selling) options, the Fund seeks to generate additional income, in
the form of premiums received, for writing (selling) the options, and to provide
a partial hedge against a market decline in the underlying equity security.
Options are marked-to-market daily and their value will be affected by changes
in the value and dividend rates of the underlying equity securities, changes in
interest rates, changes in the actual or perceived volatility of the securities
markets and the underlying equity securities and the remaining time to the
options' expiration. The value of options may also be adversely affected if the
market for the options becomes less liquid or trading volume diminishes.
Options the Fund writes (sells) will either be exercised, expire or be cancelled
pursuant to a closing transaction. If the price of the underlying equity
security exceeds the option's exercise price, it is likely that the option
holder will exercise the option. If an option written (sold) by the Fund is
exercised, the Fund would be obligated to deliver the underlying equity security
to the option holder upon payment of the exercise price. In this case, the
option premium received by the Fund will be added to the amount realized on the
sale of the underlying equity security for purposes of determining gain or loss.
If the price of the underlying equity security is less than the option's
exercise price, the option will likely expire without being exercised. The
option premium received by the Fund will, in this case, be treated as short-term
capital gain on the expiration date of the option. The Fund may also elect to
close out its position in an option prior to its expiration by purchasing an
option of the same series as the option written (sold) by the Fund.
The options that the Fund writes (sells) give the option holder the right, but
not the obligation, to purchase a security from the Fund at the strike price on
or prior to the option's expiration date. The ability to successfully implement
the Fund's covered call investment strategy depends on the ability of Chartwell
to predict pertinent market movements, which cannot be assured. Thus, the use of
options may require the Fund to sell portfolio securities at inopportune times
or for prices other than current market value, which may limit the amount of
appreciation the Fund can realize on an investment, or may cause the Fund to
hold a security that it might otherwise sell. As the writer (seller) of a
covered option, the Fund forgoes, during the option's life, the opportunity to
profit from increases in the market value of the security covering the option
above the sum of the premium and the exercise price of the option, but has
retained the risk of loss should the price of the underlying security decline.
Once an option writer (seller) has received an exercise notice, it cannot effect
a closing purchase transaction in order to terminate its obligation under the
option and must deliver the underlying security to the option holder at the
exercise price.
C. SECURITIES TRANSACTIONS:
Securities transactions are recorded as of the trade date. Realized gains and
losses from securities transactions are recorded on the identified cost basis.
2. WRITTEN OPTION ACTIVITY
Written option activity for the three months ended March 31, 2009 was as
follows:
NUMBER
OF
CONTRACTS PREMIUMS
--------- ------------
WRITTEN OPTIONS
Options outstanding at December 31, 2008... 58,717 $ 8,449,321
Options written............................ 246,490 33,879,733
Options expired............................ (56,190) (4,146,316)
Options exercised.......................... (1,089) (107,137)
Options cancelled.......................... (215,871) (32,650,321)
-------- ------------
Options outstanding at March 31, 2009...... 32,057 $ 5,425,280
======== ============
Page 8
ITEM 2. CONTROLS AND PROCEDURES.
(a) The registrant's principal executive and principal financial officers,
or persons performing similar functions, have concluded that the
registrant's disclosure controls and procedures (as defined in Rule
30a-3(c) under the Investment Company Act of 1940, as amended (the
"1940 Act") (17 CFR 270.30a-3(c))) are effective, as of a date within
90 days of the filing date of the report that includes the disclosure
required by this paragraph, based on their evaluation of these
controls and procedures required by Rule 30a-3(b) under the 1940 Act
(17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the
Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or
240.15d-15(b)).
(b) There were no changes in the registrant's internal control over
financial reporting (as defined in Rule 30a-3(d) under the 1940 Act
(17 CFR 270.30a-3(d)) that occurred during the registrant's last
fiscal quarter that have materially affected, or are reasonably likely
to materially affect, the registrant's internal control over financial
reporting.
ITEM 3. EXHIBITS.
Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of
the Sarbanes-Oxley Act of 2002 are attached hereto.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) First Trust Enhanced Equity Income Fund
By (Signature and Title)* /s/ James A. Bowen
---------------------------------------
James A. Bowen, Chairman of the Board,
President and Chief Executive Officer
(principal executive officer)
Date 5/28/09
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.
By (Signature and Title)* /s/ James A. Bowen
---------------------------------------
James A. Bowen, Chairman of the Board,
President and Chief Executive Officer
(principal executive officer)
Date 5/28/09
By (Signature and Title)* /s/ Mark R. Bradley
---------------------------------------
Mark R. Bradley, Treasurer, Controller,
Chief Financial Officer and Chief
Accounting Officer
(principal financial officer)
Date 5/28/09
* Print the name and title of each signing officer under his or her
signature.