FCM First Trust/Four Corners Senior Floating Rate Income Fund

On July 22, 2010, First Trust/Four Corners Senior Floating Rate Income Fund (the "Fund") (NYSE Amex: FCM) announced that the Board of Trustees of the Fund approved and adopted a Plan of Termination, Liquidation and Dissolution which will result in the termination of FCM in accordance with the laws of the Commonwealth of Massachusetts and the Fund’s Declaration of Trust, as amended. Due to the impending liquidation of the Fund, the Common Share distribution payable on September 15, 2010 will be paid to Common Shareholders in cash even if they previously elected to reinvest distributions in accordance with the dividend reinvestment plan.

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