# EDGAR Filing Document

**Accession Number:** 0001646109
**File Stem:** 0001504304-23-000004
**Filing Date:** 2023-2
**Character Count:** 11156
**Document Hash:** a3ec0a47d473964341bda4dfaccd6487
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001504304-23-000004.hdr.sgml**: 20230206

**ACCESSION NUMBER**: 0001504304-23-000004

**CONFORMED SUBMISSION TYPE**: PREC14A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230206

**DATE AS OF CHANGE**: 20230206

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST TRUST DYNAMIC EUROPE EQUITY INCOME FUND
- **CENTRAL INDEX KEY:** 0001646109
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** PREC14A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 811-23072
- **FILM NUMBER:** 23589393

**BUSINESS ADDRESS:**
- **STREET 1:** 120 EAST LIBERTY DRIVE, SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187
- **BUSINESS PHONE:** 630-765-8000

**MAIL ADDRESS:**
- **STREET 1:** 120 EAST LIBERTY DRIVE, SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Bulldog Investors, LLP
- **CENTRAL INDEX KEY:** 0001504304
- **IRS NUMBER:** 270926182
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** PREC14A

**BUSINESS ADDRESS:**
- **STREET 1:** PARK 80 WEST - PLAZA TWO
- **STREET 2:** 250 PEHLE AVE. SUITE 708
- **CITY:** SADDLE BROOK
- **STATE:** NJ
- **ZIP:** 07663
- **BUSINESS PHONE:** 201 556-0092

**MAIL ADDRESS:**
- **STREET 1:** PARK 80 WEST - PLAZA TWO
- **STREET 2:** 250 PEHLE AVE. SUITE 708
- **CITY:** SADDLE BROOK
- **STATE:** NJ
- **ZIP:** 07663

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Bulldog Investors, LLC
- **DATE OF NAME CHANGE:** 20130610

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Brooklyn Capital Management LLC
- **DATE OF NAME CHANGE:** 20101026

```

SCHEDULE 14A INFORMATION

PROXY STATEMENT PURSUANT TO SECTION 14(a)
OF THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )

Filed by the Registrant [ ]
Filed by a Party other than the Registrant [x]
Bulldog Investors, LLP
Attn: Phillip Goldstein
250 Pehle Avenue, Suite 708
Saddle Brook, NJ 07663
Phone: 201 881-7100
Fax: 201 556-0097

Check the appropriate box:
Preliminary Proxy Statement [x]
Confidential, for Use of the Commission Only (as permitted by
Rule 14a-6(e)(2))
Definitive Proxy Statement
Definitive Additional Materials
Soliciting Material Pursuant to ss.240.14a-11(c) or ss.240.14a-
12

First Trust Dynamic Europe Equity Income Fund
(Name of Registrant as Specified in Its Charter)

Bulldog Investors, LLP
Name of Person(s) Filing Proxy Statement, if other than the
Registrant)

Payment of Filing Fee (Check the appropriate box):

No fee required [x].

Fee computed on table below per Exchange Act Rules 14a-6(i)(4)
and 0-11.

(1) Title of each class of securities to which transaction
applies:

(2) Aggregate number of securities to which transaction
applies:

(3) Per unit price or other underlying value of transaction
computed pursuant to Exchange Act Rule 0-11 (Set forth the
amount on which the filing fee is calculated and state how it
was determined):

(4) Proposed maximum aggregate value of transaction:

(5) Total fee paid:

Fee paid previously with preliminary materials [].

Check box if any part of the fee is offset as provided by
Exchange Act Rule 0-11 (a) (2) and identify the filing for which
the offsetting fee was paid previously. Identify the previous
filing by registration statement number, or the Form or Schedule
and the date of its filing [].

(1) Amount Previously Paid:

(2) Form, Schedule or Registration Statement No.:

(3) Filing Party:

(4) Date Filed:

  PROXY STATEMENT OF BULLDOG INVESTORS, LLP IN OPPOSITION TO THE
   SOLICITATION BY THE BOARD OF TRUSTEES OF FIRST TRUST DYNAMIC
    EUROPE EQUITY INCOME FUND FOR THE 2023 ANNUAL MEETING OF
                    SHAREHOLDERS

Bulldog Investors, LLP ("Bulldog Investors") is sending this proxy
statement and the enclosed GREEN proxy card on or about March [],
2023 to shareholders of First Trust Dynamic Europe Equity Income
Fund (the "Fund") of record as of February [], 2023. We are soliciting
a proxy to vote your shares at the 2023 Annual Meeting of Shareholders
(the "Meeting"), which is scheduled for April [], 2023. Please refer
to the Fund's proxy soliciting material for additional information
concerning the Meeting and the matters to be considered by
shareholders.

                    INTRODUCTION

The purpose of the Meeting is to elect two Trustees. We are
soliciting a proxy to vote your shares FOR the election of the
two nominees named below.

            REASONS FOR THE SOLICITATION

In 2023, the Fund is required to call a shareholder meeting to vote
on whether it should convert to an open-end fund. That requirement
was a selling point to investors in the IPO because it assured them
that if a sizeable discount from NAV were to develop, there would
eventually be an opportunity to eliminate it. With the Fund's shares
recently trading at a persistent double-digit discount to NAV, we
reached out to the Board of Trustees to ask if the Board would
recommend a vote for the conversion to an open-end fund. The Board
refused to make any commitment at all. Consequently, we are
soliciting proxies to elect Trustees who we believe will support
action to address the persistent trading discount of the Fund's
shares to their NAV.

              POTENTIAL LITIGATION

The Board has asserted that our nominees are ineligible and any votes
submitted for them will not be counted because of our alleged "failure
to provide all information" about them, none of which it articulated.
Moreover, the Board claims its decision is in the best interests of
the Fund's shareholders and has nothing to do with a desire to
eliminate competing candidates for election as Trustees. We are
skeptical about the Board's assertions and therefore, there is a
possibility that this matter may be litigated.

           HOW PROXIES WILL BE VOTED

If you complete and return a GREEN proxy card to us, and unless you
direct otherwise, your shares will be voted FOR the election of the
nominees named below. In addition, you will be granting the proxy
holders discretionary authority to vote on any other matters that
may come before the Meeting.

            VOTING REQUIREMENTS

A quorum for the transaction of business will exist if holders of
more than 33-1/3% of the shares entitled to vote are represented at
the Meeting. As of February --, 2023, there were ---------- shares
of the Fund outstanding. The election of a Trustee requires the
affirmative vote of a plurality of the votes cast, i.e., the
nominee receiving the most votes for each seat will be elected.
A vote to withhold or a broker non-vote will have no effect on
the election of Trustees.

         REVOCATION OF PROXIES

You may revoke your proxy prior to its exercise by: (i) delivering
a written revocation to us; (ii) executing and delivering a later
dated proxy to the inspector of election; or (iii) voting in person
at the Meeting. Attendance at the Meeting will not by itself revoke
a proxy. There is no limit on how many times you may revoke your
proxy and only your most recent proxy will be counted.

PROPOSAL 1: ELECTION OF TWO TRUSTEES

Our affiliate intends to nominate the following persons for election
as Trustees. Each nominee has consented to be nominated and, if
elected, to serve as a Trustee. Neither nominee owns any shares of
the Fund and, unlike the incumbent Trustees, has no direct or
indirect relationship with  the Fund's investment advisor.
There are no arrangements or understandings between either nominee
and Bulldog Investors or its affiliates in connection with the
nomination.  Please refer to the Fund's proxy soliciting material
for additional information concerning the election of Trustees
and any other matters related to the Meeting.

   Paul Poole (born 1966) - Mr. Poole is the U.S. marketing agent
   for Hiltl Trousers, a clothing manufacturer.

   Jake Pampinella (born 2001) - Mr. Pampinella is a mechanical
   engineering student at Hofstra University.

Unless instructions to the contrary are given, your proxy will be
voted in favor of the above nominees for election as Trustees.

               THE SOLICITATION

We intend to solicit proxies by mail, and may utilize other means,
e.g., telephone or the internet. Our proxy materials are available
at: www.bulldoginvestorsproxymaterials.com. Persons affiliated
with or employed by us may assist us in the solicitation of proxies.
Banks, brokerage houses and other securities intermediaries will be
requested to forward this proxy statement and the enclosed GREEN
proxy card to the beneficial owners for whom they hold shares of
record. We will reimburse these organizations for their reasonable
out-of-pocket expenses.

Initially, we and our clients will bear all of the expenses
related to this proxy solicitation. Because we believe that all
shareholders will benefit from this solicitation, we intend to
seek, subject to any applicable regulatory requirements,
reimbursement of our expenses from the Fund. Shareholders will
not be asked to vote on the reimbursement of these expenses,
which we estimate will total $80,000.

             PARTICIPANTS

As of February --, 2023, Bulldog Investors, 250 Pehle Avenue,
Suite 708, Saddle Brook, NJ 07663, beneficially owned [----------]
shares of the Fund which were purchased between [----------] and
[----------]. No "participant" in this solicitation has any
arrangement or understanding with any person with respect to any
securities of the Fund or with respect to future employment by
the Fund or any of its affiliates or to any future transactions
to which the Fund or any of its affiliates will or may be a party.
A "participant," as defined by the SEC, includes Bulldog Investors
and its principals, each of the aforementioned nominees, and
each client advised by Bulldog Investors regardless of such
"participant's" role in this solicitation.

March [--], 2023

		      PROXY CARD

THIS PROXY IS SOLICITED BY BULLDOG INVESTORS, LLP IN OPPOSITION TO
THE SOLICITATION BY THE BOARD OF TRUSTEES OF FIRST TRUST DYNAMIC
EUROPE EQUITY INCOME FUND (THE "FUND") FOR THE FUND'S 2023 ANNUAL
MEETING OF SHAREHOLDERS (THE "MEETING").

The undersigned hereby appoints Phillip Goldstein and Andrew Dakos and
each of them, as the undersigned's proxies, with full power of
substitution, to attend the Meeting and any adjourned or postponed
Meeting, and to vote on all matters that come before the Meeting the
number of shares that the undersigned would be entitled to vote if
present in person, as specified below.

(INSTRUCTIONS:  Mark votes by placing an "x" in the appropriate [  ].)

1. ELECTION OF TWO TRUSTEES

[  ] FOR PAUL POOLE			[  ] WITHHOLD AUTHORITY

[  ] FOR JAKE PAMPINELLA		[  ] WITHHOLD AUTHORITY

Please sign and date below. Your shares will be voted as directed. If
no direction is made, this proxy will be voted FOR the election of
the above nominees as Trustees. The undersigned hereby acknowledges
receipt of the proxy statement dated March [--], 2023 of Bulldog
Investors and revokes any proxy previously executed.

Signature(s) ___________________________  	Dated: ______________

```