WHEATON, Ill.--(BUSINESS WIRE)--First Trust High Income Long/Short Fund (the “Fund”) (NYSE: FSD) has decreased its regularly scheduled monthly common share distribution to $0.1000 per share from $0.1065 per share. The distribution is payable on August 17, 2015, to shareholders of record as of August 5, 2015. The ex-dividend date is expected to be August 3, 2015. The monthly distribution information for the Fund appears below. First Trust High Income Long/Short Fund (FSD): Distribution per share