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First Trust Strategic High Income Fund II Declares Its Monthly Common Share Distribution Of $0.1325 Per Share For November

First Trust Strategic High Income Fund II (the "Fund") (NYSE: FHY) has declared the Fund’s regularly scheduled monthly common share distribution payable on November 15, 2012 to shareholders of record as of November 5, 2012. The ex-dividend date is expected to be November 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 October 19, 2012 NAV of $17.13: 9.28%
Distribution Rate based on the October 19, 2012 closing market price of $17.69: 8.99%
 

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.

The Fund is a diversified, closed-end management investment company that seeks to provide a high level of current income. As a secondary objective, the Fund seeks to provide capital growth. The Fund pursues these investment objectives by investing up to 100% of its managed assets in a diversified portfolio of below-investment grade and investment grade debt securities and equity securities that the investment sub-advisor believes offer attractive yield and/or capital appreciation potential.

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