First Trust Senior Floating Rate Income Fund II Increases its Monthly Common Share Distribution to $0.0825 Per Share for October

First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has increased its regularly scheduled monthly common share distribution to $0.0825 per share from $0.0735 per share. The distribution will be payable on October 15, 2019, to shareholders of record as of October 2, 2019. The ex-dividend date is expected to be October 1, 2019. The monthly distribution information for the Fund appears below.

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

 

Distribution per share:

$0.0825

Distribution Rate based on the September 18, 2019 NAV of $13.69:

7.23%

Distribution Rate based on the September 18, 2019 closing market price of $11.86:

8.35%

Increase from previous distribution of $0.0735:

12.24%

This distribution will consist of net investment income earned by the Fund and return of capital and may also consist of net short-term realized capital gains. 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 $132 billion as of August 30, 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.