First Trust/Four Corners Senior Floating Rate Income Fund Declares Monthly Common Share Distribution of $0.0475 Per Share for May

WHEATON, Ill.--(Business Wire)--
First Trust/Four Corners Senior Floating Rate Income Fund (the "Fund") (NYSE
Amex: FCM) has declared the Fund`s regularly scheduled monthly common share
distribution payable on May 15, 2009 to shareholders of record on May 5, 2009.
The ex-dividend date is expected to be May 1, 2009. The monthly distribution
information for the Fund appears below.

First Trust/Four Corners Senior Floating Rate Income Fund (FCM):
Distribution per share: $ 0.0475
Distribution Rate based on the April 17, 2009 NAV of $10.34: 5.51 %
Distribution Rate based on the April 17, 2009 closing market price of 6.71 %
$8.49:

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 2009 distributions will be
made after the end of 2009.

The Fund is a diversified, closed-end management investment company. The Fund's
primary investment objective is to seek a high level of current income. As a
secondary objective, the Fund attempts to preserve capital. The Fund pursues
these investment objectives by investing in senior secured U.S.
dollar-denominated floating-rate corporate loans.

First Trust Advisors L.P., the Fund`s investment advisor, 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 $16 billion as of
March 31, 2009 through closed-end funds, unit investment trusts, mutual funds,
separate managed accounts and exchange-traded funds.

Four Corners Capital Management, LLC, the Fund`s investment sub-advisor ("Four
Corners"), structures and manages a variety of alternative fixed income products
with a specialization in senior secured floating-rate corporate loans. Four
Corners serves as investment manager or sub-advisor to approximately $2.5
billion in assets as of March 31, 2009 across a variety of retail and
institutional products distributed around the globe.

Past performance is no assurance of future results. Investment return and
principal value of an investment in the Fund will fluctuate. Shares, when sold,
may be worth more or less than their original cost.

Principal Risk Factor(s): This closed-end fund invests in below investment grade
senior loans. Investment in the Fund involves the risk that borrowers may
default on obligations, or that lenders may have difficulty liquidating the
collateral securing the loans or enforcing their rights under the terms of the
senior loans. Senior loans are subject to credit risks and the potential for
non-payment of scheduled principal or interest payments, which may result in a
reduction of the Fund`s NAV. The use of leverage for investment purposes
increases both investment opportunity and investment risk. In the event of a
default on one or more loans or other interest-bearing instruments held by the
Fund, the use of leverage would exaggerate the loss to the Fund and may
exaggerate the effect on the Fund's NAV. The risks of investing in the Fund are
spelled out in the prospectus, shareholder report and other regulatory filings.

The Fund's daily NYSE Amex closing price and daily net asset value, as well as
other information are available at www.ftportfolios.com or by calling
1-800-988-5891.

First Trust/Four Corners Senior Floating Rate Income Fund
Press Inquiries: Jane Doyle, 630-765-8775
Analyst Inquiries: Jeff Margolin, 630-915-6784
Broker Inquiries: Jeff Margolin, 630-915-6784

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