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


First Trust/Four Corners Senior Floating Rate Income Fund II Announces Final
Results of Tender Offer For Its Outstanding Auction Market Preferred Shares

         WHEATON, IL -- (BUSINESS WIRE) -- September 29, 2009 -- First
Trust/Four Corners Senior Floating Rate Income Fund II (NYSE: FCT) (the "Fund"),
a closed-end fund managed by First Trust Advisors L.P., announced today the
results of its offer to purchase for cash up to 100% of its outstanding Auction
Market Preferred Shares ("AMP Shares") at a price equal to 100% of the
liquidation preference of $25,000 per share plus unpaid dividends accrued
through September 28, 2009. The offer expired at 5:00 P.M., Eastern time on
Monday, September 28, 2009. According to the depositary for the offer, as of the
expiration of the offer, a total of 1,509 out of 1,600 Series A AMP Shares, and
1,549 out of 1,600 Series B AMP Shares, representing approximately 95.56% of the
Fund's outstanding AMP Shares, were validly tendered.

         The tender offer referred to in this announcement was made only by an
offer to purchase, a related letter of transmittal and other documents, which
have been filed with the Securities and Exchange Commission as exhibits to a
tender offer statement on Schedule TO and are available free of charge at
http://www.sec.gov and from the Information Agent, The Altman Group, Inc. by
calling (212) 400-2605.



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CONTACT:  Warren Antler - wantler@altmangroup.com, (212) 400-2605

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