First Trust Senior Floating Rate Income Fund II Increases its Monthly Common Share Distribution to $0.06625 Per Share for July

First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has increased its regularly scheduled monthly common share distribution to $0.06625 per share from $0.0625 per share. The distribution will be payable on July 15, 2019, to shareholders of record as of July 2, 2019. The ex-dividend date is expected to be July 1, 2019. The monthly distribution information for the Fund appears below.

First Trust Senior Floating Rate Income Fund II (FCT):

Distribution per share:

$0.06625

Distribution Rate based on the June 19, 2019 NAV of $13.69:

5.81%

Distribution Rate based on the June 19, 2019 closing market price of $11.98:

6.64%

Increase from previous distribution of $0.0625:

6.00%

The majority, and possibly all, of this distribution will be paid out of net investment income earned by the Fund. A portion of this distribution may come from net short-term realized capital gains and/or return of capital. The final determination of the source and tax status of all 2019 distributions will be made after the end of 2019 and will be provided on Form 1099-DIV.

The Fund is a diversified, closed-end management investment company. The Fund's primary investment objective is to seek a high level of current income. As a secondary objective, the Fund attempts to preserve capital. The Fund pursues these investment objectives by investing in senior secured floating-rate corporate loans.

First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor. FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services. FTA has collective assets under management or supervision of approximately $126 billion as of May 31, 2019 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts. FTA is the supervisor of the First Trust unit investment trusts, while FTP is the sponsor. FTP is also a distributor of mutual fund shares and exchange-traded fund creation units. FTA and FTP are based in Wheaton, Illinois.