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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) -- October 20, 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 Wednesday, November 2,
2011 at 4:15 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
      # 20358948. Please call 10 to 15 minutes before the scheduled start of the
      teleconference.

--    Telephone Replay: (800) 585-8367; International (404) 537-3406; and
      Passcode # 20358948. The replay will be available after the call until
      11:59 P.M. Eastern Time on Friday, December 2, 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 competitive municipal
underwritings, with collective assets under management or supervision of over
$43 billion as of September 30, 2011 through unit investment trusts,
exchange-traded funds, closed-end funds, mutual funds and separate managed
accounts.

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 by
Monday, October 31, 2011. 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.