First Trust High Income Long/Short Fund (FSD): Saba Capital Significantly Increases Stake

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Page 6 of 6 – SEC Filing

SIGNATURE

After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.

Dated: 7/7/2016

/s/ Signature Michael DAngelo

Name: Michael DAngelo

Title: Chief Compliance Officer

Boaz R. Weinstein

By: Michael DAngelo

Title: Attorney-in-fact***

*** Pursuant to a Power of Attorney dated as of November 16,
2015

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EXHIBIT 1
JOINT FILING AGREEMENT
PURSUANT TO
RULE 13d-1(k)

     The undersigned acknowledge and agree that the
foregoing statement on Schedule 13G is filed on behalf of each of the
undersigned and that all subsequent amendments to this statement on Schedule 13G
shall be filed on behalf of each of the undersigned without the necessity of
filing additional joint filing agreements. The undersigned acknowledge that each
shall be responsible for the timely filing of such amendments, and for the
completeness and accuracy of the information concerning him or it contained
herein and therein, but shall not be responsible for the completeness and
accuracy of the information concerning the others, except to the extent that he
or it knows or has reason to believe that such information is inaccurate.

DATED: July 7, 2016

SABA CAPITAL MANAGEMENT, L.P.

By:      /s/ Michael
DAngelo

Name:  Michael DAngelo
Title:
Authorized Signatory

BOAZ R. WEINSTEIN

By:      /s/ Michael DAngelo

Title:   Attorney-in-fact

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