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First Trust Strategic High Income Fund II (FHY)
  • First Trust Advisors L.P. ("FTA") announced that shareholders of First Trust Strategic High Income Fund II (NYSE: FHY), a closed-end fund managed by FTA, have approved the fund's merger with and into First Trust High Income Long/Short Fund (NYSE: FSD), a closed-end fund managed by FTA, at a Special Meeting of Shareholders on June 11, 2018. As previously announced, the Board of Trustees of First Trust Strategic High Income Fund II (NYSE: FHY) and First Trust High Income Long/Short Fund (NYSE: FSD), closed-end funds managed by FTA, has approved the merger of FHY into FSD.  FSD will be the surviving fund. Subject to the satisfaction of certain customary closing conditions, the merger of FHY with and into FSD is expected to become effective immediately before the opening of the NYSE on June 25, 2018. It is currently expected that FSD will declare a dividend payable in July with a record date after the close of the proposed merger and that shareholders of FHY as of the effective time of the merger would receive such dividend if they hold their newly issued shares of FSD through the record date.  No assurance can be given as to the exact timing of the closing of the transaction. Upon the completion of the transaction, which is expected to be tax-free, the assets of FHY will be transferred to, and the liabilities of FHY will be assumed by, FSD, and shareholders of FHY will receive shares of FSD with a value equal to the aggregate net asset value of the FHY shares held by them. The investment objectives and strategies of FSD will remain unchanged.
Distribution History

Please select the Year for which you wish to view distribution history:

Year    
Month Ex-Dividend Date Record Date Payable Date Distribution
Amount
Distribution Type1
June 6/1/2018 6/4/2018 6/15/2018 $0.080000 Ordinary Distributions
May 5/1/2018 5/2/2018 5/15/2018 $0.080000 Ordinary Distributions
April 4/2/2018 4/3/2018 4/16/2018 $0.080000 Ordinary Distributions
March 3/1/2018 3/2/2018 3/15/2018 $0.080000 Ordinary Distributions
February 2/1/2018 2/2/2018 2/15/2018 $0.080000 Ordinary Distributions
January 1/2/2018 1/3/2018 1/16/2018 $0.080000 Ordinary Distributions

The distribution history represents dividends that were paid by the Fund and is not a guarantee of the Fund's future dividend-paying ability. Dividend and capital gains distributions generally will be reinvested in additional common shares of the Fund pursuant to the Fund's Automatic Dividend Reinvestment Plan, unless a shareholder elects in writing to receive distributions in cash.

Footnotes

1 Ordinary distributions may include realized short-term capital gains and/or returns of capital. Final determination of the source and tax status of all distributions paid in the current year are to be made after year-end. The Fund will send you a Form 1099-DIV for the current year that will tell you how to report these distributions for federal income tax purposes. Additional information regarding Fund distributions can also be obtained from the Fund's 19a-1 notices, or the year-end tax letters, however, these additional documents are not, and should not be used as a substitute for your Form 1099-DIV.
 
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA and the Internal Revenue Code. First Trust has no knowledge of and has not been provided any information regarding any investor. Financial advisors must determine whether particular investments are appropriate for their clients. First Trust believes the financial advisor is a fiduciary, is capable of evaluating investment risks independently and is responsible for exercising independent judgment with respect to its retirement plan clients.
First Trust Portfolios L.P.  Member SIPC and FINRA.
First Trust Advisors L.P.
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