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 4 of 37 First Trust exchange-traded funds advised by FTA.

The following dates apply to todays distribution declarations:

Expected Ex-Dividend Date September 22, 2008
Record Date September 24, 2008
Payable Date September 30, 2008

Ticker

Exchange

Fund Name

Frequency

Amount

First Trust Exchange-Traded Fund

FDL AMEX

First Trust Morningstar® Dividend Leaders IndexSM Fund

Quarterly $0.1960
FVD AMEX

First Trust Value Line® Dividend Index Fund

Quarterly $0.1023

First Trust Exchange-Traded Fund II

FDD AMEX

First Trust DJ STOXX® Select Dividend 30 Index Fund

Quarterly $0.2866
FGD AMEX First Trust Dow Jones Global Select Dividend Index Fund Quarterly $0.2877

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 $30 billion as of August 31, 2008 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 Funds 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 Funds shares will decline, more or less, in correlation with any decline in the value of the index. A Funds 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 is 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 shares 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.

Contacts:

First Trust Advisors L.P.
Press Inquiries:
Jane Doyle, 630-241-8775
or
Analyst Inquiries:
Eric Anderson, 630-322-7676
or
Broker Inquiries:
Jeff Margolin, 630-915-6784

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