First Trust / Highland Capital Floating Rate Income Fund II Announces
Conference Call with Highland Capital Management L.P.

TORONTO, Oct. 28 /CNW/ - First Trust /Highland Capital Floating Rate Income Fund II (the "Fund") (TSX: FHM.UN) announced today that a conference call with the Fund's sub-advisor, Highland Capital Management L.P. ("Highland"), will take place on Tuesday November 17, 2009 at 4:30pm EST.

Advisors and investors are invited to join the call that will discuss the Fund and developments in the senior secured loan market.

    
    Call Details:

           Call Date & Time:          November 17, 2009 at 4:30pm EST
           Conference Call Numbers                 local 416-340-9649
                                           long-distance 800-377-0758
    

We direct you to the website of the fund's manager at www.firsttrust.ca, where we have posted details, as of September 30, 2009, of the senior loans that the Fund has direct and indirect exposure to.

PLEASE NOTE: In order to use your time efficiently and answer your questions satisfactorily, Highland will address questions received via email prior to the call. Please submit your questions to info@firsttrust.ca and write "Conference Call Question" in the Subject line.

The deadline for submitting questions is Friday November 6, 2009 at 4:00pm EST.

We will not be able to address any questions of a forward looking nature or specific questions on holdings in the senior loan portfolios that may involve non-public information.

A transcript of the call will be available at www.firsttrust.ca by November 30, 2009.

SOURCE FIRST TRUST/HIGHLAND CAPITAL FLOATING RATE INCOME FUND II

For further information: For further information: please contact the Fund's manager, FT (NSI) Management Co. at (416) 865-8065 or toll-free at 1-877-622-5552

Organization Profile

FIRST TRUST/HIGHLAND CAPITAL FLOATING RATE INCOME FUND II

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