First Trust Advisors L.P. Announces Portfolio Manager Update Regarding the Reorganization of First Trust Senior Floating Rate Income Fund II

First Trust Advisors L.P. (“FTA”) announced today that its Leveraged Finance Investment Team, portfolio manager for First Trust Senior Floating Rate Income Fund II (NYSE: FCT) (the “Fund” or “FCT”), will release an update on the proposed reorganization (the “Reorganization”) of the Fund into First Trust Flexible Income ETF (“FFLX”), a newly formed exchange-traded fund organized as a separate series of First Trust Exchange-Traded Fund VIII, for financial professionals and investors. To listen to the update, click on the following link:

FCT Replay 5/18

The update will be available Monday, May 18, 2026, at 5:00 P.M. Eastern Time until 5:00 P.M. Eastern Time on Wednesday, June 17, 2026

FCT 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 primarily in senior secured floating-rate corporate loans. Under normal market conditions, the Fund will invest at least 80% of its Managed Assets in lower grade debt instruments.

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 $319 billion as of March 31, 2026 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.

Principal Risk Factors: Risks are inherent in all investing. Certain risks that are applicable to the Fund are identified below but not all of the material risks relevant to the Fund are included below. The material risks of investing in the Fund are spelled out in its prospectus, statement of additional information and other regulatory filings. The order of the below risk factors does not indicate the significance of any particular risk factor.

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