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PRESS RELEASE                           SOURCE: First Trust/Four Corners Senior
                                                      Floating Rate Income Fund

Board of Trustees of First Trust/Four Corners Senior Floating Rate Income Fund
approves and adopts Plan of Termination, Liquidation and Dissolution that will
result in the termination of the First Trust/Four Corners Senior Floating Rate
Income Fund.

WHEATON, IL - (BUSINESS WIRE) - July 22, 2010 - First Trust/Four Corners Senior
Floating Rate Income Fund (NYSE Amex: FCM), a diversified closed-end management
investment company ("FCM" or the "Fund"), today announced that the Board of
Trustees of the Fund (the "Board") approved and adopted a Plan of Termination,
Liquidation and Dissolution (the "Plan") which will result in the termination of
FCM in accordance with the laws of the Commonwealth of Massachusetts and the
Fund's Declaration of Trust, as amended. As a result of adopting the Plan, FCM
will begin to wind up its affairs and will no longer seek to attain its
previously stated investment objectives.

Once the assets of FCM have been liquidated, FCM will establish and will provide
notice of a "Record Date," i.e. the date on which shares of FCM will cease
trading on the NYSE Amex, the transfer books of FCM will close and all
certificates representing FCM shares will be deemed canceled. Holders of record
of shares of FCM at the close of business on the Record Date shall be entitled
to a distribution of their allocable portion of the trust property of FCM in
accordance with the Plan. The Fund expects to make a first and final liquidating
distribution in approximately 90 days to holders of record on the record date.


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CONTACT:  Jeff Margolin - (630) 915-6784

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CONTACT:  Jim Dykas - (630) 517-7665