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PRESS RELEASE                                 SOURCE:  First Trust Advisors L.P.


FIRST TRUST ADVISORS L.P. ANNOUNCES PORTFOLIO MANAGER UPDATE CALL FOR FIRST
TRUST STRATEGIC HIGH INCOME FUND II

WHEATON, IL -- (BUSINESS WIRE) -- June 27, 2012 -- First Trust Advisors L.P.
("FTA") announced today that First Trust Strategic High Income Fund II (NYSE:
FHY) intends to host a conference call with Brookfield Investment Management,
Inc. ("Brookfield"), the Fund's investment sub-advisor, on WEDNESDAY, JULY 11,
2012, AT 4:15 P.M. EASTERN TIME. The purpose of the call is to hear Brookfield's
portfolio management team provide updates for the Fund and the Market.

--  Dial-in Number: Domestic (866) 865-6631; International (706) 679-1727; and
    Passcode # 89417577. Please call 10 to 15 minutes before the scheduled
    start of the teleconference.

--  Telephone Replay: Domestic (800) 585-8367; International (404) 537-3406;
    and Passcode # 89417577. The replay will be available after the call until
    11:59 P.M. Eastern Time on Saturday, August 11, 2012.

FTA has served as the Fund's investment advisor since the Fund's inception. FTA,
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 over $53 billion as of May 31, 2012 through unit
investment trusts, exchange-traded funds, closed-end funds, mutual funds and
separate managed accounts.

Brookfield Investment Management Inc. ("Brookfield") serves as the Fund's
Sub-Advisor. Brookfield is a wholly-owned subsidiary of Brookfield Asset
Management, a global alternative asset manager with approximately $150 billion
in assets under management as of March 31, 2012. Brookfield Asset Management has
over a 100-year history of owning and operating assets with a focus on property,
renewable power, infrastructure and private equity and also offers a range of
public and private investment products and services. On behalf of its clients,
Brookfield Asset Management is also an active investor in the public securities
markets. The public market activities of Brookfield, an SEC-registered
investment advisor, complement the firm's core competencies as a direct
investor. These activities encompass global listed real estate and
infrastructure equities, corporate high-yield investments, opportunistic credit
strategies and a dedicated insurance asset management division. Headquartered in
New York, NY, Brookfield maintains offices and investment teams in Toronto,
Chicago, Boston and London.

If you have questions about the Funds that you would like answered on the call,
please email your questions to cefquestions@ftadvisors.com and refer to FHY by
Monday, July 9, 2012, 6:00 P.M. Eastern Time. 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.