First Trust Advantaged Short Duration High Yield Bond Fund Declares Monthly Distribution for July of $0.05 per unit

TSX Symbol FSD.UN

TORONTO, July 21, 2015 /CNW/ - (TSX:FSD.UN) First Trust Advantaged Short Duration High Yield Bond Fund ("the Fund") announces a distribution for the month ending July 31, 2015 of $ 0.05 for each Class A unit (CUSIP - CA33733N1042) and Class F unit (CUSIP - CA33733N1125). The distribution is payable on August 14, 2015 to Unitholders of record on July 31, 2015.

The Fund provides exposure to a diversified, short duration high yield bond portfolio comprised primarily of North American high yield debt securities, generally with remaining terms to maturity of five years or less. The Fund aims to (i) deliver attractive, monthly, tax advantaged distributions, and (ii) to preserve capital.

This press release contains forward-looking information. The forward-looking information contained in this press release is based on historical information concerning the income generated by the portfolio of the Fund. Actual future results, including the amount of distributions paid by the Fund, may differ from the estimated monthly distribution amount. Specifically, the income from which distributions are paid may vary significantly due to: changes in portfolio composition; changes in income received from securities included in the Fund's portfolio from time to time; general economic and stock market conditions including changes in interest rates; and the level of borrowing by the Fund.  The risks, uncertainties and other factors that could influence actual results are described under "Risk Factors" in the Fund's prospectus dated April 26, 2011 and other documents filed by the Fund with the Canadian securities regulatory authorities. The forward-looking information contained in this press release constitutes the Fund's current estimate, as of the date of this press release, with respect to the matters covered hereby. Investors and others should not assume that any forward-looking statement contained in this press release represents the Fund's estimate as of any date other than the date of this press release.

SOURCE First Trust Advantaged Short Duration High Yield Bond Fund

FT Portfolios Canada Co., 416-865-8065, 877-622-5552