First Trust/Highland Capital Floating Rate Income Fund II Declares Monthly Distribution for February of $0.0250 per unit



    TSX Symbol FHM.UN

    TORONTO, Feb. 18 /CNW/ - First Trust/Highland Capital Floating Rate
Income Fund II ("the Fund") announces a distribution for the month ending
February 28, 2009 of $ 0.0250 per unit.
    The Fund's distribution equates to an annualized distribution rate of
3.00% on an initial subscription price of $ 10.00 per unit. The distribution
is payable on March 13, 2009 to Unitholders of record on February 27, 2009.
    The Fund provides exposure to a portfolio of primarily U.S. dollar
denominated, senior secured floating rate corporate loans. The fund aims to
(i) deliver monthly distributions which will fluctuate with changes in U.S.
short term interest rates, and (ii) to preserve and enhance the net asset
value per Unit in order to return the original $ 10.00 subscription price of
the Units to Unitholders.





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 II

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