First Trust Exchange-Traded Fund Series of Exchange-Traded Funds Announces Distributions

  
    
  
  
    
      First Trust Exchange-Traded Fund (“Trust”), 
      an open-end management investment company currently consisting of 17 
      exchange-traded funds, announced regular quarterly distributions today 
      for two exchange-traded funds (“Funds”) 
      in the Trust.
    
    
      The following dates apply to today’s 
      distribution declarations:
    
    
      
        
           
        
        
           
        
        
           
        
        
           
        
        
          Ex-Dividend Date
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          March 24, 2008
        
      
      
        
        
        
        
        
        
        
        
        
          Record Date
        
        
        
        
        
        
        
        
        
        
        
        
        
        
          March 26, 2008
        
      
      
        
        
        
        
        
        
        
        
        
          Payable Date
        
        
        
        
        
        
        
        
        
        
        
        
        
        
          March 31, 2008
        
      
    
    
      
        
          
            Ticker
          
        
        
           
        
        
          
            Fund Name
          
        
        
           
        
        
          
            Amount
          
        
      
      
        
          
            FDL
          
        
        
        
        
          First Trust Morningstar(R) Dividend Leaders Index Fund
        
        
        
        
          $0.2060
        
      
      
        
          FVD
        
        
        
        
          First Trust Value Line(R) Dividend Index Fund
        
        
        
        
          $0.1045
        
      
    
    
      First Trust Advisors L.P.,(“FTA) the Funds’ 
      investment advisor, along with 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 February 29, 2008 
      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 Fund’s shares will 
      change in value, and you could lose money by investing in a Fund. An 
      investment in a Fund involves risks similar to those of investing in any 
      fund of equity securities traded on exchanges. A Fund seeks investment 
      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.