 First Trust Advisors L.P. FTA announced today that the Board of Trustees of First Trust Senior Floating Rate Income Fund II NYSE: FCT the Fund has authorized a share repurchase program. Pursuant to the share repurchase program, the Fund may, from time to time repurchase up to 5 of the Funds common shares 1,334,849 common shares in secondary market transactions in accordance with applicable law. The Funds share repurchase program will continue until the earlier of i the repurchase of 5 of the Funds common shares 1,334,849 common shares or ii March 15, 2021. 