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First Trust Strategic High Income Fund II Increases Its Monthly Common Share Distribution To $0.1325 Per Share For June

First Trust Strategic High Income Fund II (the "Fund") (NYSE: FHY) has increased the Fund’s regularly scheduled monthly common share distribution to $0.1325 per share from $0.13 per share. The distribution will be payable on June 15, 2012 to shareholders of record as of June 5, 2012. The ex-dividend date is expected to be June 1, 2012. The monthly distribution information for the Fund appears below.

First Trust Strategic High Income Fund II (FHY):

Distribution per share:   $ 0.1325
Distribution Rate based on the May 18, 2012 NAV of $16.38: 9.71 %
Distribution Rate based on the May 18, 2012 closing market price of $15.82: 10.05 %
Increase from previous distribution of $0.13: 1.92 %

The majority, and possibly all, of this distribution will be paid out of net investment income earned by the Fund. A portion of this distribution may come from net short-term realized capital gains or return of capital. The final determination of the source of tax status of all 2012 distributions will be made after the end of 2012.

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