Exchange-Traded Funds advised by First Trust Advisors L.P. Announce Distributions

First Trust Advisors L.P. (“FTA”) announces the declaration of the regular quarterly distributions for 3 of 38 exchange-traded funds advised by FTA.

The following dates apply to today’s distribution declarations:

    
      
        
           
        
        
          Expected Ex-Dividend Date
        
        
           
        
        
          March 23, 2009
        
      
      
        
        
        
          Record Date
        
        
        
        
          March 25, 2009
        
      
      
        
        
        
          Payable Date
        
        
        
        
          March 31, 2009
        
      
    
    
      
        
          

Ticker

Exchange

Fund Name

Frequency

PerShareAmount

First Trust Exchange-Traded Fund

        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          FDL
        
        
        
        
          NYSE Arca
        
        
        
        
          

First Trust Morningstar® Dividend LeadersSM Index Fund

        
        
        
        
          Quarterly
        
        
        
        
          $
        
        
          0.1430
        
      
      
        
          FVD
        
        
        
        
          NYSE Arca
        
        
        
        
          First Trust Value Line® Dividend Index Fund
        
        
        
        
          Quarterly
        
        
        
        
          $
        
        
          0.0926
        
      
      
        
           
        
      
      
        
          

First Trust Exchange-Traded Fund II

        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          FGD
        
        
        
        
          NYSE Arca
        
        
        
        
          First Trust Dow Jones Global Select Dividend Index Fund
        
        
        
        
          Quarterly
        
        
        
        
          $
        
        
          0.0690
        
      
    
    

First Trust Advisors L.P., the Funds’ 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, financial advisory services, and municipal and corporate investment banking, with collective assets under management or supervision of over $15 billion as of February 28, 2009 through closed-end funds, unit investment trusts, mutual funds, separate managed accounts and exchange-traded funds.

You should consider the investment objectives, risks, charges and expenses of a Fund before investing. Prospectuses for the Funds contain this and other important information and are available free of charge by calling toll-free at 1-800-621-1675 or visiting www.ftportfolios.com. A prospectus should be read carefully before investing.

Past performance is no assurance of future results. Principal Risk Factors: A Fund’s shares will change in value, and you could lose money by investing in a Fund. An investment in a Fund involves risk similar to those of investing in any fund of equity securities traded on exchanges. A Fund seeks investment results that correspond generally to the price and yield of an index. You should anticipate that the value of a Fund’s shares will decline, more or less, in correlation with any decline in the value of the index. A Fund’s return may not match the return of the index. A Fund may invest in small capitalization and mid capitalization companies. Such companies may experience greater price volatility than larger, more established companies. The risks of investing in each Fund are spelled out in its prospectus, shareholder report, and other regulatory filings.

Investors buying or selling Fund shares on the secondary market may incur brokerage commissions. Investors who sell Fund shares may receive less than the share’s net asset value. Unlike shares of open-end mutual funds, investors are generally not able to purchase Fund shares directly from the Fund and individual shares are not redeemable. However, specified large blocks of shares called “creation units” can be purchased from, or redeemed to, the Fund.