FIRST TRUST HIGH INCOME LONG/SHORT FUND - FORM 8-K - EX-99.1 - PRESS RELEASE - February 8, 2013

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8-K - CURRENT REPORT - FIRST TRUST HIGH INCOME LONG/SHORT FUNDfsd_8k.txt
 

PRESS RELEASE                                 SOURCE:  First Trust Advisors L.P.

FIRST TRUST ADVISORS L.P. ANNOUNCES PORTFOLIO MANAGER UPDATE CALL FOR FIRST
TRUST HIGH INCOME LONG/SHORT FUND

WHEATON, IL -- (BUSINESS WIRE) -- February 8, 2013 -- First Trust Advisors L.P.
("FTA") announced today that First Trust High Income Long/Short Fund (NYSE: FSD)
intends to host a conference call with MacKay Shields LLC ("MacKay"), the Fund's
investment sub-advisor, on FRIDAY, FEBRUARY 22, 2013, AT 11:00 A.M. EASTERN
TIME. The purpose of the call is to hear the Fund's portfolio management team
provide an update for the market and the Fund.

--    Dial-in Number: Domestic (866) 865-6631; International (706) 679-1727; and
      Passcode # 86863167. Please call 10 to 15 minutes before the scheduled
      start of the teleconference.

--    Telephone Replay: Domestic (855) 859-2056; International (404) 537-3406;
      and Passcode # 86863167. The replay will be available two hours after the
      end of the call until 11:59 P.M. Eastern Time on Friday, March 22, 2013.

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 $67 billion as of January 31, 2013, through unit
investment trusts, exchange-traded funds, closed-end funds, mutual funds and
separate managed accounts.

MacKay Shields LLC ("MacKay") serves as the Fund's investment sub-advisor.
MacKay is an indirect wholly-owned subsidiary of New York Life Insurance Company
and a wholly-owned subsidiary of New York Life Investment Management Holdings
LLC. MacKay is a multi product investment management firm with approximately
$78.8 billion in assets under management as of December 31, 2012. MacKay manages
a number of fixed income strategies for institutional clients and retail mutual
funds, including: high yield, high yield active core, core plus, global fixed
income, municipal and investment grade. MacKay also manages convertible
strategies.

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 FSD by
Wednesday, February 20, 2013, 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.

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