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PRESS RELEASE                                 SOURCE:  First Trust Advisors L.P.

FIRST TRUST ADVISORS L.P. ANNOUNCES PORTFOLIO MANAGER CALL FOR FIRST TRUST
SENIOR FLOATING RATE INCOME FUND II

WHEATON, IL -- (BUSINESS WIRE) -- February 9, 2011 -- First Trust Advisors L.P.
("FTA") announced today that First Trust Senior Floating Rate Income Fund II
(NYSE: FCT) intends to host a conference call with the Leveraged Finance
Investment Team of FTA, the Fund's portfolio manager, on Friday, February 18,
2011 at 1:00 P.M. Eastern Time. The purpose of the call is to hear the Fund's
portfolio management team provide an update for the Fund.

--    Dial-in Number: (866) 865-6631; International (706) 679-1727; and Passcode
      # 37179720. Please call 10 to 15 minutes before the scheduled start of the
      teleconference.

--    Telephone Replay: (800) 642-1687; International (706) 645-9291; and
      Passcode # 37179720. The replay will be available after the call until
      11:59 P.M. Eastern Time on Friday, March 18, 2011.

FTA, along with its affiliate First Trust Portfolios L.P., are privately-held
companies which provide a variety of investment services, including asset
management, financial advisory services, and municipal and corporate investment
banking, with collective assets under management or supervision of over $43
billion as of January 31, 2011 through closed-end funds, unit investment trusts,
mutual funds, separate managed accounts and exchanged-traded funds.

If you have questions about the Fund that you would like answered on the call,
please email your questions to cefquestions@ftadvisors.com and refer to FCT. The
Fund's daily closing price and net asset value per share as well as other
information can be found at www.ftportfolios.com or by calling (800) 988-5891.


CONTACT: JEFF MARGOLIN - (630) 915-6784

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Source:  First Trust Advisors L.P.