FDEU First Trust Dynamic Europe Equity Income Fund

SCHEDULE 13D/A

DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT
4/5/2023

1. NAME OF REPORTING PERSON
Bulldog Investors, LLP

2. CHECK THE BOX IF MEMBER OF A GROUP a[]

b[]

3. SEC USE ONLY

4. SOURCE OF FUNDS WC

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) []

7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 674,941

10. SHARED DISPOSITIVE POWER 674,941

11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 674,941 (Footnote 1)

12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES

13. PERCENT OF CLASS REPRESENTED BY ROW 11 3.92%

14. TYPE OF REPORTING PERSON

IA

1. NAME OF REPORTING PERSON
Phillip Goldstein

2. CHECK THE BOX IF MEMBER OF A GROUP a[]

b[]

3. SEC USE ONLY

4. SOURCE OF FUNDS WC

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) []

7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 1,191,505

10. SHARED DISPOSITIVE POWER 1,191,505

11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 1,191,505 (Footnote 1)

12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES

13. PERCENT OF CLASS REPRESENTED BY ROW 11

6.91%

14. TYPE OF REPORTING PERSON

IN

2. CHECK THE BOX IF MEMBER OF A GROUP a[]

b[]

3. SEC USE ONLY

4. SOURCE OF FUNDS WC

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) []

7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 1,191,505

10. SHARED DISPOSITIVE POWER 1,191,505

11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 1,191,505(Footnote 1)

12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES

13. PERCENT OF CLASS REPRESENTED BY ROW 11

6.91%

14. TYPE OF REPORTING PERSON

IN

Item 1. SECURITY AND ISSUER

This Constitutes Amendment #4 to the schedule 13d filed November 14, 2022. Except as specifically set forth herein, the Schedule 13d remaines unmodified

ITEM 4. PURPOSE OF TRANSACTION
See exhibit A - Announcement.

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As per the N-CSR filed on 03/10/2023 there were 17,231,908 shares of common stock outstanding as of 12/31/2022. The percentages set forth herein were derived using such number. Phillip Goldstein and Andrew Dakos own Bulldog Investors, LLP, a registered investment advisor. As of April 11, 2023 Bulldog Investors, LLP is deemed to be the beneficial owner of 674,941 shares of FDEU (representing 3.92% of FDEU's outstanding shares) solely by virtue of Bulldog Investors LLP's power to direct the vote of,and dispose of, these shares.

As of Apriol 11, 2023, each of Messrs. Goldstein and Dakos is deemed to be the beneficial owner of 1,191,505 shares of FDEU (representing 6.91% of FDEU's outstanding shares) by virtue of their power to direct the vote of, and dispose of, these shares.

(b)Bulldog Investors,LLP has sole power to dispose of and vote 0 shares. Bulldog Investors, LLP has shared power to dispose of and vote 674,941 shares. Certain of Bulldog Investors, LLP's clients (none of whom beneficially own more than 5% of FDEU's shares) share this power with Bulldog Investors, LLP. Messrs. Goldstein and Dakos are partners of Bulldog Investors, LLP. Messrs. Goldstein and Dakos have shared power to dispose of and vote an additional 516,564 shares.

c) Since the last filing on 3/13/23 shares of FDEU were bought and sold.

Date                    Shares           Price
3/15/2023               3,000           11.3500

3/29/2023               (1,500)         12.5000

d) Clients of Bulldog Investors, LLP and a closed-end investment company for which Messrs. Goldstein and Dakos have investment authority are entitled to receive any dividends or sales proceeds.

e) N/A

ITEM 6. CONTRACTS,ARRANGEMENTS,UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.
N/A

ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Ehibit A

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: 4/12/2023

By: /S/ Phillip Goldstein
Name:   Phillip Goldstein

By: /S/ Andrew Dakos
Name:   Andrew Dakos

Bulldog Investors, LLP
By: /s/ Andrew Dakos
Andrew Dakos, Partner

Footnote 1: The reporting persons disclaim beneficial ownership except
to the extent of any pecuniary interest therein.

Bulldog Investors Reports on Annual Meeting of First Trust Dynamic Europe Equity Income Fund

SADDLE BROOK, N.J. - April 5, 2023 - Bulldog Investors, LLP ("Bulldog") today announced the unofficial results of the annual meeting of First Trust Dynamic Europe Equity Income Fund (the "Fund") (NYSE: FDEU) scheduled for April 3, 2023.

Bulldog did not attend the meeting, which was held to elect two trustees, or present its proxies after the Fund publicly stated that no votes other than those cast for the incumbents would be counted. As a result, Bulldog believes a quorum was not reached at the meeting. In addition, Bulldog believes that the Fund illegally prevented stockholders from voting approximately 1.7 million so-called "control shares" that otherwise would have voted for Bulldog's nominees. Despite the Board's plea to stockholders to elect its self-described "highly qualified" nominees, Bulldog estimates that if its proxies been voted as directed, its nominees would have been elected by a margin of 54% to 46%. What's more, if the 1.7 million unvoted "control shares" had been counted for Bulldog's nominees, they would have been elected by a margin of about 62% to 38%.

Bulldog intends to ask a court to determine that the Board's manipulation of the corporate voting machinery by (1) unreasonably disqualifying Bulldog's nominees, and (2) enforcing its "control share" bylaw, illegally infringed upon the stockholder franchise and that Bulldog's nominees should be seated. As one court said in finding another incumbent board's similar disqualification of an opposition candidate to be invalid: "To allow for voting while maintaining a closed candidate selection process thus renders the former an empty exercise."

About Bulldog Investors

Bulldog Investors LLP is an SEC-registered investment adviser that manages Special Opportunities Fund, Inc. (NYSE:SPE), a registered closed-end investment company, and separately managed accounts.

Contact: InvestorCom
John Glenn Grau, (203) 972-9300 ext. 110 jgrau@investor-com.com

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