First Trust Advisors L.P. (“FTA”) announced today that First
Trust High Income Long/Short Fund (NYSE: FSD) (the “Fund”) intends
to host a conference call with MacKay Shields LLC (“MacKay”), the
Fund’s investment sub-advisor, on Monday,
February 22, 2016, at 4:15 P.M. Eastern Time. The
purpose of the call is to hear the Fund’s portfolio management team
provide an update for the market and the Fund.
-- Dial-in Number: Domestic (866) 323-9095; International
(416) 849-3996; and Passcode # 913066. Please call 10 to 15 minutes
before the scheduled start of the teleconference. --
Telephone Replay: Domestic (888) 203-1112; International (719)
457-0820; and Passcode # 4353777. The replay will be available two
hours after the end of the call until 11:59 P.M. Eastern Time on
Tuesday, March 22, 2016.
The Fund is a diversified, closed-end management investment
company that seeks to provide current income. The Fund has a
secondary objective of capital appreciation. The Fund seeks to
achieve its investment objectives by investing, under normal market
conditions, a majority of its assets in a diversified portfolio of
U.S. and foreign (including emerging markets) high yield corporate
fixed-income securities of varying maturities that are rated
below-investment grade at the time of purchase.
First Trust Advisors L.P., the Fund’s investment advisor, along
with its affiliate, First Trust Portfolios L.P., are privately-held
companies which provide a variety of investment services, including
asset management and financial advisory services, with collective
assets under management or supervision of approximately $93 billion
as of January 31, 2016 through unit investment trusts,
exchange-traded funds, closed-end funds, mutual funds and separate
managed accounts.
MacKay is an indirect wholly-owned subsidiary of New York Life
Insurance Company and a wholly-owned subsidiary of New York Life
Investment Management Holdings LLC. MacKay is a multi-product,
fixed income investment management firm with approximately $89.6
billion in assets under management as of January 31, 2016. MacKay
manages fixed income strategies for high-net worth individuals,
institutional clients and mutual funds, including unconstrained
bond, global high yield, high yield, high yield active core,
municipal high yield, short duration high yield, low volatility
high yield, municipal short term, core investment grade, municipal
investment grade, core plus, core plus opportunities, convertibles,
emerging markets credit, and bank loans.
If you have questions about the Fund that you would like
answered on the call, please email your questions to
cefquestions@ftadvisors.com in advance of the call and refer to
FSD, by Thursday, February 18, 2016, 4:15 P.M. Eastern Time.
Past performance is no assurance of future results. Investment
return and market value of an investment in the Fund will
fluctuate. Shares, when sold, may be worth more or less than their
original cost.
The Fund is subject to risks. It is designed for long-term
investing and not as a vehicle for trading. Shares of closed-end
investment companies frequently trade at a discount from their net
asset value (“NAV”). The Fund cannot predict whether or when its
common shares will trade at, below or above NAV or at, below or
above the initial public offering price.
Below investment-grade securities are commonly referred to as
high-yield securities or “junk” bonds and are considered
speculative with respect to the issuer's capacity to pay interest
and repay principal and are susceptible to default or decline in
market value due to adverse economic and business developments. The
market values for high-yield securities tend to be very volatile,
and these securities are generally less liquid than
investment-grade securities.
Principal Risk Factors: Investment in this Fund involves
investment and market risk, management risk, current economic
conditions – credit crisis liquidity and volatility risk,
fixed-income securities risk, issuer risk, interest rate risk,
prepayment risk, reinvestment risk, credit and below-investment
grade securities risk, short selling risk, valuation risk, credit
rating agency risk, non-U.S. securities risk, emerging markets
risk, currency risk, preferred stock risk, credit linked notes
risk, loan participations and assignments risk, leverage risk,
derivatives risk, credit default swaps risk, U.S. government
securities risk, non-U.S. government debt securities risk, common
stock risk, real estate investment trust (“REIT”) risk,
asset-backed, mortgage-backed or mortgage-related securities risk,
inflation/deflation risk, new types of securities risk,
counterparty and prime brokerage risk, government intervention in
financial markets risk, portfolio turnover risk, market disruption
and geopolitical risk, illiquid/restricted securities risk, reverse
repurchase agreements risk, repurchase agreements risk, certain
affiliations, temporary defensive strategies risk, and secondary
market for the Fund’s common shares.
The risks of investing in the Fund are spelled out in the
shareholder reports, and other regulatory filings.
The Fund’s daily closing price and net asset value per share as
well as other information can be found at www.ftportfolios.com or by calling (800)
988-5891.
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version on businesswire.com: http://www.businesswire.com/news/home/20160208006313/en/
First Trust Advisors L.P.Jeff Margolin, (630) 915-6784
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