Important FHY Information
Effective October 3, 2011, First Trust Strategic High Income Fund II (FHY) acquired the assets and assumed the liabilities of First Trust Strategic High Income Fund (FHI) and First Trust Strategic High Income Fund III (FHO) in exchange for shares of FHY pursuant to a reorganization. In addition, immediately after the respective reorganization, FHY effected a reverse split of its outstanding shares in which three outstanding FHY shares were converted into one FHY share. All share and per share data set forth below (including for periods prior to the reverse share split) have been adjusted to reflect the reverse share split. The results of FHI and FHO are only included from October 3, 2011, the effective date of the reorganizations.