Eagle Growth and Income Opportunities Fund Announces Lower Advisory Fee

Eagle Growth and Income Opportunities Fund (the “Fund”) (NYSE: EGIF) today announced that the Fund’s Board of Trustees approved a proposal to reduce the Fund’s annual advisory fee rate, effective May 24, 2018, to 0.85% of the average daily value of the Fund’s Managed Assets,1 a decrease of 0.20% from the prior advisory fee rate of 1.05%. In addition, Fund’s Board of Trustees approved an amended Investor Support Services Agreement which makes permanent a waiver which reduced the fees payable under that agreement, effective May 24, 2018, to 0.05% of the average daily value of the Fund’s Managed Assets, a decrease of 0.05% from the prior fee rate of .10%.

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. 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.

1 Total assets of the Fund (including any assets attributable to borrowings for investment purposes) minus the sum of the Fund’s accrued liabilities (other than liabilities representing borrowings for investment purposes).

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Four Wood Capital Partners LLCStephanie Trell, 212-701-4500