First Trust Strategic High Income Fund III Declares Monthly Distribution for June of $0.1584 Per Share.LISLE, Ill. -- First Trust Strategic High Income Fund III (the "Fund") (NYSE NYSE See: New York Stock Exchange : FHO FHO Fremde Heere Ost (German Intelligence Evaluation Service, Eastern Section, WWII) FHO Femoral Head Osteotomy FHO Force Hygiene Officer ) today declared the Fund's regularly scheduled monthly distribution, payable on June 16, 2008 to shareholders of record as of June 4, 2008. The ex-dividend date Ex-dividend date The first day of trading when the buyer of a stock is no longer entitled to the most recently announced dividend payment ( i.e. the trade will settle the day after the record date, too late for the buyer to appear on the shareholder record and receive the dividend. is expected to be June 2, 2008. The monthly distribution information for the Fund appears below. [TABLE OMITTED] The majority, and possibly all, of this distribution will be paid out of net investment income earned by the Fund. A portion of this distribution may come from net short-term realized capital gains or return of capital. The final determination of the source and tax status of all distributions paid in 2008 will be made after the end of 2008. The Fund is a closed-end management investment company that seeks to provide a high level of current income. As a secondary objective, the Fund seeks to provide capital growth. The Fund pursues these investment objectives by investing its managed assets in a diversified portfolio of below-investment grade and investment grade debt securities and equity securities that the investment sub-advisor believes offer attractive yield and/or capital appreciation potential. The fund may employ leverage. First Trust Advisors L.P., the Fund's investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and , 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 advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , and municipal and corporate investment banking, with collective assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. or supervision of over $33 billion as of April 30, 2008 through closed-end funds, unit investment trusts, mutual funds, separate managed accounts and exchange-traded funds. Valhalla Capital Partners, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , the Fund's investment sub-advisor ("Valhalla"), is a boutique asset management firm focused on managing high-yield portfolios with an emphasis on structured finance securities. The three managing partners have 50 years combined industry experience and the investment team has an average of over 12 years experience in working with high-yield and structured finance securities. Valhalla managed approximately $425 million in assets as of March 31, 2008. Past performance is no assurance of future results. Investment return and market value of an investment in the Fund will fluctuate. Shares, when sold, may be worth more or less than their original cost. Principal Risk Factors: Investment in this Fund involves investment and market risk, management risk, sub-advisor risk, value investing Value Investing The strategy of selecting stocks that trade for less than their intrinsic value. Value investors actively seek stocks of companies with sound financial statements that they believe the market has undervalued. risk, below-investment grade debt securities risk, fixed-income securities risk, mortgage-backed securities risk, asset-backed securities risk, convertible securities risk, municipal securities risk, non-U.S. securities risk, non-U.S. government securities risk, emerging markets risk, equity securities risk, currency risk, distressed securities risk, preferred stock risk, inflation/deflation risk, market discount risk, leverage risk, derivatives risk, market disruption risk, portfolio turnover risk, and illiquid/restricted securities risk. The Fund's daily closing New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. price and net asset value per share as well as other information can be found at www.ftportfolios.com or by calling 1-800-988-5891. |
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