First Trust Senior Floating Rate Income Fund II Declares Its Monthly Common Share Distribution Of $0.0875 Per Share For April

First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund’s regularly scheduled monthly common share distribution payable on April 15, 2013, to shareholders of record on April 3, 2013. The ex-dividend date is expected to be April 1, 2013. The monthly distribution information for the Fund appears below.

First Trust Senior Floating Rate Income Fund II (FCT):
 
Distribution per share: $0.0875
Distribution Rate based on the March 19, 2013 NAV of $15.14: 6.94%
Distribution Rate based on the March 19, 2013 closing market price of $16.32: 6.43%
 

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 and tax status of all 2013 distributions will be made after the end of 2013.

The Fund is a diversified, closed-end management investment company. The Fund's primary investment objective is to seek a high level of current income. As a secondary objective, the Fund attempts to preserve capital. The Fund pursues these investment objectives by investing in senior secured U.S. dollar-denominated floating-rate corporate loans.

First Trust Advisors L.P., the Fund’s investment advisor, 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 approximately $69 billion as of February 28, 2013 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.

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