 Dolphin Limited Partnership I, L.P., a near 3-year shareholder of First Trust High Income LongShort Fund NYSE: FSD, announced today that it is having the attached letter mailed to all FSD shareholders in advance of the March 9, 2020 annual meeting. The record date of the meeting is January 6, 2020. FSDs proxy statement January 13, 2020 on page 21 contains Dolphins binding Proposal 2 to terminate all investment advisory and management agreements pertaining to the Fund as soon as legally permitted pursuant to such agreements and Section 15a3 of the Investment Company Act of 1940. Dolphin urges all shareholders to vote FOR Proposal 2. IF YOU HAVE NOT VOTED, OR WANT TO CHANGE YOUR VOTE FOR PROPOSAL 2, YOU MAY DO SO. 