First Trust Active Dividend Income Fund Declares Quarterly Distribution of $0.46 Per Share

LISLE, Ill.--(BUSINESS WIRE)--First Trust Active Dividend Income Fund (the "Fund") (NYSE: FAV) today declared the Fund’s quarterly distribution, payable on April 30, 2008 to shareholders of record as of April 22, 2008. The ex-dividend date is expected to be April 18, 2008. The quarterly distribution information for the Fund appears below.

The final determination of the source and tax status of all distributions paid in 2008 will be made after the end of 2008.

The Fund is a diversified closed-end management investment company that seeks to provide a high level of current income. As a secondary objective, the Fund seeks to provide capital appreciation. The Fund pursues these investment objectives by investing at least 80% of its Managed Assets in a diversified portfolio of dividend-paying multi-cap equity securities of both U.S. and non-U.S. issuers that the Fund’s sub-advisor believes offer the potential for attractive income and/or capital appreciation.

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 $32 billion as of March 31, 2008 through closed-end funds, unit investment trusts, mutual funds, separate managed accounts and exchange-traded funds.

Aviance Capital Management, LLC, (“Aviance”), the fund’s sub-advisor, focuses on managing multi-cap value and growth portfolios. As of September 30, 2007, Aviance had approximately $221 million in assets under management.

Past performance is no assurance of future results. Investment return and market value of an investment in the Fund will fluctuate. Shares, when sold, may be worth more or less than their original cost.

Principal Risk Factors: Investment in this Fund involves investment and market risk; management risk; sub-advisor risk; value investing risk; dividend strategy risk; qualified dividend tax risk; equity securities risk; small and medium cap company risk; non-U.S. securities risk; and emerging markets risk.

The Fund’s daily closing New York Stock Exchange price and net asset value per share as well as other information can be found at www.ftportfolios.com or by calling 1-800-988-5891.

First Trust Active Dividend Income Fund
Press Inquiries: Jane Doyle, 630-241-8775
Analyst Inquiries: Jeff Margolin, 630-915-6784
Broker Inquiries: Jeff Margolin, 630-915-6784