 Dolphin Limited Partnership I, L.P. and other entities, long-term shareholders of First Trust High Income LongShort Fund NYSE: FSD, which hold over 450,000 shares of FSD or approximately 6.7 million, announced today that they sent a letter to the Board of Trustees of FSD to reiterate recommendations they had made to FSD nearly a year ago. Starting in September 2018, Dolphin had approximately five months of continuous communications with FSD regarding proposals to close the then approximately 13 discount of FSDs market price to its net asset value which discount has persisted, including communications regarding a proposal intended to benefit all shareholders and to be voted on at FSDs April 8, 2019 Shareholders Meeting the Original Proposal. 