First Trust Advantaged Short Duration High Yield Bond Fund Announces Normal Course Issuer Bid - Correction

TORONTO, Oct. 16, 2012 /CNW/ - The press release issued on behalf of First Trust Advantaged Short Duration High Yield Bond Fund (the "Fund") dated October 16, 2012 announcing the acceptance by the Toronto Stock Exchange of its Notice of Intention to make a normal course issuer bid contained a typographical error. Under the bid, the Fund will have the right to purchase up to a maximum of 696,901 Class A Units (representing 10% of the Fund's public float of 6,969,013 Class A Units as of October 15, 2012), commencing October 18, 2012, rather than 6,969,013 Class A Units.

The Class A Units are listed on the Toronto Stock Exchange under the symbol FSD.UN.

SOURCE: First Trust Advantaged Short Duration High Yield Bond Fund