Exhibit 99.1

FOR IMMEDIATE RELEASE First Trust/Four Corners Senior Floating Rate Income
Fund II Announces Plan for Tender Offer for All Outstanding Auction Market
Preferred Shares

         WHEATON, IL - (BUSINESS WIRE) - August 25, 2009 - First Trust/Four
Corners Senior Floating Rate Income Fund II (NYSE: FCT) (the "Fund") announced
today that, subject to certain conditions, the Fund intends to commence a tender
offer for 100% of its outstanding Auction Market Preferred Shares, Series A and
Auction Market Preferred Shares, Series B (collectively, the "AMP Shares") at a
price equivalent to 97% of the liquidation preference of $25,000 per AMP Share
($24,250 per share) plus any unpaid dividends accrued through the expiration
date of the tender offer.

         As of the date hereof, the Fund has not commenced the tender offer, and
the description of the tender offer contained in this press release is neither
an offer to purchase nor a solicitation of an offer to sell AMP Shares of the
Fund. There can be no assurance that any tender offer will be commenced or if
commenced that it will be consummated.

TENDER OFFER STATEMENT

         This press release is for informational purposes only and is not an
offer to buy, nor the solicitation of an offer to sell, any shares. The full
details of any tender offer, including complete instructions on how to tender
shares, will be included in the offer to purchase, the letter of transmittal and
related materials, which will be mailed to holders of AMP Shares promptly
following the commencement of the offer. Holders of AMP Shares should read
carefully the offer to purchase, the letter of transmittal and other related
materials when they are available because they will contain important
information. Holders of AMP Shares may obtain free copies, when available, of
the offer to purchase, the letter of transmittal and other related materials
that will be filed with the Securities and Exchange Commission at the
Commission's website at




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CONTACT:  Jeff Margolin - (630) 915-6784

SOURCE:  First Trust/Four Corners Senior Floating Rate Income Fund II