First Trust/Highland Capital Floating Rate Income Fund and First Trust/Highland Capital Floating Rate Income Fund II Announce Changes to Dissemination of Net Asset Value



    TORONTO, April 30 /CNW/ - First Trust/Highland Capital Floating Rate
Income Fund (TSX: FHT.UN) and First Trust/Highland Capital Floating Rate
Income Fund II (TSX: FHM.UN) announce a change in the dissemination of the net
asset value per unit (the "Unit Value") of each Fund. Although the Unit Value
will continue to be calculated as of 5:00 p.m. on the applicable Valuation
Day, currently Friday of each week and the last business day of a month, the
Unit Value may no longer be disseminated on that date. Given the nature of the
senior loans to which the Funds have direct or indirect exposure, the value of
one or more loans may be subject to confirmation or may not be readily
available at the time of valuation in which case a fair value determination
will be required. In those circumstances, the Unit Value determined as of a
given Valuation Day will not be released to the public on that date but on the
next business day or as soon as possible thereafter.





For further information:

For further information: First Defined Portfolio Management Co., (416)
865-8065, (877) 622-5552

Organization Profile

FIRST TRUST/HIGHLAND CAPITAL FLOATING RATE INCOME FUND

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FIRST TRUST/HIGHLAND CAPITAL FLOATING RATE INCOME FUND II

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