First Trust/Highland Capital Floating Rate Income Fund Announces Results of Annual Redemption

    TORONTO, Feb. 13 /CNW/ - First Trust/Highland Capital Floating Rate
Income Fund I (TSX: FHT.UN) announces that it has received requests for
redemption in respect of 3,263,912 units of the Fund.
    Unitholders redeeming trust units will be entitled to receive an amount
equal to the net asset value per trust unit determined in accordance with the
declaration of trust of the Fund as at the date of redemption, the last
business day of February.

For further information:

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

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