CORRECTING and REPLACING First Trust Advisors L.P. Announces Redemption of Outstanding First Trust/Four Corners Senior Floating Rate Income Fund II Au

WHEATON, Ill.--(BUSINESS WIRE)--Please replace the release with the following corrected version due to multiple revisions.

The corrected release reads:

FIRST TRUST ADVISORS L.P. ANNOUNCES REDEMPTION OF OUTSTANDING FIRST TRUST/FOUR CORNERS SENIOR FLOATING RATE INCOME FUND II AUCTION MARKET PREFERRED SHARES

First Trust Advisors L.P. (“FTA”) announced today that First Trust/Four Corners Senior Floating Rate Income Fund II (NYSE: FCT), a closed-end fund managed by FTA, intends to redeem its remaining outstanding Auction Market Preferred Shares (“AMP Shares”), in the principal amounts of $2,275,000 Series A AMP Shares and $1,275,000 Series B AMP Shares. The Fund expects to effect such redemption of AMP Shares on November 18, 2009, subject to satisfying the notice and other requirements that apply to redemption. The auction rate period is seven days for the Series A AMP Shares and 28 days for the Series B AMP Shares. The Fund will not have outstanding any auction rate securities following the redemption of the AMP Shares.

FTA, along with its affiliate First Trust Portfolios L.P., are privately-held companies which provide a variety of investment services, including asset management, financial advisory services, and municipal and corporate investment banking, with collective assets under management or supervision of approximately $23 billion as of August 31, 2009 through closed-end funds, unit investment trusts, mutual funds, separate managed accounts and exchange-traded funds.

For additional information about any closed-end fund managed by FTA, including risks, charges and expenses, please see the fund’s annual and semi-annual shareholder reports or contact your financial advisor.

Forward Looking Statements

Certain statements made in this news release that are not historical facts are referred to as “forward-looking statements”under the U.S. federal securities laws. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements due to numerous factors. Generally, the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “will” and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ from the historical experience of FTA and the closed-end funds managed by FTA and its present expectations or projections. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. FTA and the closed-end funds managed by FTA undertake no responsibility to update publicly or revise any forward-looking statements.

First Trust Advisors L.P.
Jeff Margolin – (630) 915-6784
Jim Dykas – (630) 517-7665