First Trust Advisors L.P. announces that the Board of Trustees of the following closed-end management investment companies has adopted Share Repurchase Programs: First Trust High Income Long/Short Fund (NYSE: FSD), First Trust Dividend and Income Fund (NYSE: FAV), First Trust/Aberdeen Emerging Opportunity Fund (NYSE: FEO), First Trust/Aberdeen Global Opportunity Income Fund (NYSE: FAM) and First Trust Strategic High Income Fund II (NYSE: FHY) (each, a “Fund,” and collectively, the “Funds”). Pursuant to each Fund’s Share Repurchase Program, each Fund, may, from time to time and at the direction of management personnel, repurchase up to 5% of such Fund’s outstanding common shares in secondary market transactions in accordance with applicable law (each, a “Share Repurchase Program”). Each Fund’s Share Repurchase Program will continue until the earlier of (i) the repurchase of 5% of each Fund’s current outstanding common shares, or (ii) six months from implementation of each Fund’s Share Repurchase Program.

Each Fund’s repurchase activity will be disclosed in its shareholder report for the relevant fiscal period. There is no assurance that any Fund will purchase shares at any specific levels or in any specific amounts.

The risks of investing in each Fund are spelled out in its respective shareholder reports, and other regulatory filings. Each Fund’s daily closing price and net asset value per share as well as other information can be found at www.ftportfolios.com or by calling (800) 988-5891.

First Trust Advisors L.P., the Fund’s investment advisor, along with its affiliate, First Trust Portfolios L.P., are privately-held companies which provide a variety of investment services, including asset management and financial advisory services, with collective assets under management or supervision of approximately $112 billion as of August 31, 2015, through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.

The Fund’s daily New York Stock Exchange closing price and net asset value per share as well as other information can be found at www.ftportfolios.com or by calling 1-800-988-5891.

This press release does not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

First Trust Advisors L.P.Press Inquiries: Jane Doyle, 630-765-8775Analyst Inquiries: Jeff Margolin, 630-765-7643Broker Inquiries: Jeff Margolin, 630-765-7643

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