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 7, 2013 -- 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),
intends to host a conference call on THURSDAY, FEBRUARY 21, 2013 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
      # 88747258. Please call 10 to 15 minutes before the scheduled start of the
      teleconference.

--    Telephone Replay: (800) 585-8367; International (404) 537-3406; and
      Passcode # 88747258. The replay will be available after the call until
      11:59 P.M. Eastern Time on Thursday, March 21, 2013.

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 over $67 billion as of January 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. 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

----------------------------------
Source:  First Trust Advisors L.P.