First Trust/Highland Capital Floating Rate Senior Loan Trust amends declaration of trust and other changes



    TORONTO, Aug. 18 /CNW/ - The declaration of trust of First Trust/Highland
Capital Floating Rate Senior Loan Trust ("SLT") was amended and restated today
to amend its investment restrictions, among other things. A copy of the
amended and restated declaration of trust is available at www.sedar.com.
    Also effective as of today, at the request of the counterparty, the
forward currency hedge between the counterparty and the SLT was amended so
that it will terminate on November 13, 2009. FT (NSI) Management Co., the
manager of the SLT, is seeking alternatives to hedge its foreign currency
exposure but there can be no assurance that alternative arrangements will be
made on substantially similar terms or at all.





For further information:

For further information: Fraser Howell, President, First Defined
Portfolio Management Co. at (416) 865-8054

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FIRST TRUST/HIGHLAND CAPITAL SENIOR LOAN TRUST

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