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First Trust Advisors L.P. Announces Portfolio Manager Update Call For First Trust Strategic High Income Fund II

Please remove Telephone Replay information in second bullet point in release dated June 27, 2012. Also add prospectus mailing address at the end of the release.

The corrected release reads:

FIRST TRUST ADVISORS L.P. ANNOUNCES PORTFOLIO MANAGER UPDATE CALL FOR FIRST TRUST STRATEGIC HIGH INCOME FUND II

First Trust Advisors L.P. (“FTA”) announced today that First Trust Strategic High Income Fund II (NYSE: FHY) intends to host a conference call with Brookfield Investment Management, Inc. (“Brookfield”), the Fund’s investment sub-advisor, on Wednesday, July 11, 2012, at 4:15 P.M. Eastern Time . The purpose of the call is to hear Brookfield’s portfolio management team provide updates for the Fund and the Market.

-- Dial-in Number: Domestic (866) 865-6631; International (706) 679-1727; and Passcode # 89417577. Please call 10 to 15 minutes before the scheduled start of the teleconference.

FTA has served as the Fund’s investment advisor since the Fund’s inception. FTA, along with its affiliate First Trust Portfolios L.P., are privately-held companies which provide a variety of investment services, including asset management and financial advisory services, with collective assets under management or supervision of over $53 billion as of May 31, 2012 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.

Brookfield Investment Management Inc. (“Brookfield”) serves as the Fund’s Sub-Advisor. Brookfield is a wholly-owned subsidiary of Brookfield Asset Management, a global alternative asset manager with approximately $150 billion in assets under management as of March 31, 2012. Brookfield Asset Management has over a 100-year history of owning and operating assets with a focus on property, renewable power, infrastructure and private equity and also offers a range of public and private investment products and services. On behalf of its clients, Brookfield Asset Management is also an active investor in the public securities markets. The public market activities of Brookfield, an SEC-registered investment advisor, complement the firm’s core competencies as a direct investor. These activities encompass global listed real estate and infrastructure equities, corporate high-yield investments, opportunistic credit strategies and a dedicated insurance asset management division. Headquartered in New York, NY, Brookfield maintains offices and investment teams in Toronto, Chicago, Boston and London.

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