FIRST TRUST STRATEGIC HIGH INCOME FUND III - FORM 8-K - EX-99.1 - PRESS RELEASE - January 14, 2011

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8-K - CURRENT REPORT - FIRST TRUST STRATEGIC HIGH INCOME FUND IIIfho_8k.txt
 

PRESS RELEASE                                 SOURCE:  First Trust Advisors L.P.


FIRST TRUST ADVISORS L.P. ANNOUNCES PORTFOLIO MANAGER UPDATE CALL FOR FIRST
TRUST STRATEGIC HIGH INCOME FUND, FIRST TRUST STRATEGIC HIGH INCOME FUND II AND
FIRST TRUST STRATEGIC HIGH INCOME FUND III

WHEATON, IL -- (BUSINESS WIRE) -- January 13, 2011 -- First Trust Advisors L.P.
("FTA") announced today that First Trust Strategic High Income Fund (NYSE: FHI);
First Trust Strategic High Income Fund II (NYSE: FHY); First Trust Strategic
High Income Fund III (NYSE: FHO) intend to host a conference call with
Brookfield Investment Management, Inc. ("Brookfield"), the Funds' investment
sub-advisor, on Tuesday, January 18, 2011, at 4:15 P.M. Eastern Time. The
purpose of the call is to hear Brookfield's portfolio management team provide
updates for the Funds and the Market.

--   Dial-in Number: Domestic (866) 865-6631; International (706) 679-1727; and
     Passcode # 37171507. Please call 10 to 15 minutes before the scheduled
     start of the teleconference.

--   Telephone Replay: Domestic (800) 642-1687; International (706) 645-9291;
     and Passcode # 37171507. The replay will be available after the call until
     11:59 P.M. Eastern Time on Friday, February 18, 2011.

FTA has served as each Fund's investment advisor since each Fund's inception.
FTA, 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 $42
billion as of December 31, 2010 through closed-end funds, unit investment
trusts, mutual funds, separate managed accounts and exchange-traded funds.

If you have questions about the Funds that you would like answered on the call,
please email your questions to cefquestions@ftadvisors.com and refer to
Brookfield. Each Fund's daily closing price and net asset value per share as
well as other information can be found at www.ftportfolios.com or by calling
(800) 988-5891.


CONTACT: JEFF MARGOLIN -- (630) 915-6784

_________________________________________
Source:  First Trust Advisors L.P.