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PRESS RELEASE                                 SOURCE:  First Trust Advisors L.P.

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

WHEATON, IL -- (BUSINESS WIRE) -- January 28, 2014 -- First Trust Advisors L.P.
("FTA") announced today that its Leveraged Finance Investment Team, portfolio
manager for the First Trust Senior Floating Rate Income Fund II (NYSE: FCT) (the
"Fund"), intends to host a conference call on TUESDAY, FEBRUARY 11, 2014, AT
3:15 P.M. CENTRAL 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
      # 31464092. Please call 10 to 15 minutes before the scheduled start of the
      teleconference.

--    Telephone Replay: (855) 859-2056; International (404) 537-3406; and
      Passcode # 31464092. The replay will be available after the call until
      11:59 P.M. Eastern Time on Tuesday, March 11, 2014.

This closed-end fund invests in below investment grade senior loans. Investment
in the Fund involves the risk that borrowers may default on obligations, or that
lenders may have difficulty liquidating the collateral securing the loans or
enforcing their rights under the terms of the senior loans. Senior loans are
subject to credit risk and the potential for non-payment of scheduled principal
or interest payments, which may result in a reduction of the Fund's NAV. The use
of leverage for investment purposes increases both investment opportunity and
investment risk. In the event of a default on one or more loans or other
interest-bearing instruments held by the Fund, the use of leverage would
exaggerate the loss to the Fund and may exaggerate the effect on the Fund's NAV.

FTA has served as the Fund's investment advisor since the Fund's inception. The
Leveraged Finance Investment Team of FTA assumed the day-to-day responsibility
for management of the Fund's portfolio on October 10, 2010. 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 approximately $85 billion as of December 31, 2013, 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
Friday, February 7, 2014, 6:00 P.M. Eastern Time.

Past performance is no assurance of future results. Investment return and
principal value of an investment in the Fund will fluctuate. Shares, when sold,
may be worth more or less than their original cost.

Principal Risk Factors: The Fund is subject to various risks, including: Credit
Risk, Senior Loan Risk, Lower Grade Debt Instruments Risk, Interest Rate Risk,
Discount From or Premium to Net Asset Value Risk, Leverage Risk, Restrictive
Covenants and 1940 Act Restrictions, Secondary Market for the Fund's Shares,
Limited Secondary Market for Senior Loans, Lending Portfolio Securities, Demand
for Senior Loans, Unsecured Loans and Subordinated Loans, Short-Term Debt
Securities, Investments in Equity Securities Incidental to Investment in Senior
Loans, Illiquid Securities, Non-U.S. Securities, Management Risk, Strategic
Transactions, Reinvestment Risk, Inflation Risk, Regulatory Changes, Market
Event risk, anti-Takeover Provisions.

Lower grade debt instruments are commonly referred to as "high yield" or "junk
bonds" and are considered speculative with respect to the issuer's capacity to
pay interest and repay principal. Investing in lower grade debt instruments
involves additional risks than investment-grade debt instruments. Lower grade
debt instruments are securities rated Ba1 or lower by Moody's or BB+ or lower by
S&P, comparably rated by another NRSRO or, if unrated, of comparable credit
quality. These lower grade debt instruments may become the subject of bankruptcy
proceedings or otherwise subsequently default as to the repayment of principal
and/or payment of interest or be downgraded to ratings in the lower rating
categories (Ca or lower by Moody's, CC or lower by S&P or comparably rated by
another NRSRO). Issuers of lower grade debt instruments are not perceived to be
as strong financially as those with higher credit ratings, so the securities are
usually considered speculative investments. These issuers are generally more
vulnerable to financial setbacks and recession than more creditworthy issuers
which may impair their ability to make interest and principal payments. Lower
grade debt instruments tend to be less liquid than higher grade debt
instruments.

The risks of investing in the Fund are spelled out in the prospectus,
shareholder reports, and other regulatory filings.

The Fund's daily New York Stock Exchange closing price and daily net asset
value, as well as other information are available at www.ftportfolios.com or by
calling 1-800-988-5891.


CONTACT: JEFF MARGOLIN - (630) 915-6784

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Source:  First Trust Advisors L.P.