FCT - First Trust Advisors L.P. Announces Share Repurchase Program for First Trust Senior Floating Rate Income Fund II

First Trust Advisors L.P. (“FTA”) announced today that the Board of Trustees of First Trust Senior Floating Rate Income Fund II (NYSE: FCT) (the “Fund”) has authorized a share repurchase program. Pursuant to the share repurchase program, the Fund may, from time to time repurchase up to 5% of the Fund’s common shares (1,334,849 common shares) in secondary market transactions in accordance with applicable law. The Fund’s share repurchase program will continue until the earlier of (i) the repurchase of 5% of the Fund’s common shares (1,334,849 common shares) or (ii) March 15, 2021.

The Fund’s repurchase activity will be disclosed in its shareholder report for the relevant fiscal period. There is no assurance that the Fund will purchase shares at any specific levels or in any specific amounts.

The risks of investing in the Fund are spelled out in its shareholder reports, and other regulatory filings. The Fund’s daily closing price and net asset value per share as well as other information can be found at www.ftportfolios.com or by calling (800) 988-5891.

FTA is a federally registered investment advisor and serves as the Fund’s investment advisor. FTA and its affiliate First Trust Portfolios L.P. (“FTP”), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services. FTA has collective assets under management or supervision of approximately $127 billion as of April 30, 2020 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts. FTA is the supervisor of the First Trust unit investment trusts, while FTP is the sponsor. FTP is also a distributor of mutual fund shares and exchange-traded fund creation units. FTA and FTP are based in Wheaton, Illinois.

The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, FTA is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA and the Internal Revenue Code. FTA has no knowledge of and has not been provided any information regarding any investor. Financial advisors must determine whether particular investments are appropriate for their clients. FTA believes the financial advisor is a fiduciary, is capable of evaluating investment risks independently and is responsible for exercising independent judgment with respect to its retirement plan clients.

This press release does not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

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