First Trust High Income Long/Short Fund announces a share repurchase program. Under the program, the company will repurchase up to 15% of the Fund's outstanding common shares of beneficial interest at a price per share equal to 98% of the Fund's net asset value per share. The Fund will repurchase shares tendered and accepted in the tender offer in exchange for cash. The offer will commence prior to or during the week of June 15, 2017.