Month-End Performance Data Now Available for Lehman Brothers First Trust Income Opportunity Fund

2008-07-11 22:36:08 -

- Performance data as of June 30, 2008, for Lehman Brothers First Trust Income Opportunity Fund (NYSE:LBC) is now available. The information will be posted to the Fund's website at www.lbftincomeopportunity.com.

About Lehman Brothers First Trust Income Opportunity Fund

Lehman Brothers First Trust Income Opportunity Fund is a closed-end management investment company whose investment objective is to seek

high total return (income plus capital appreciation). The Fund pursues its investment objective by investing its assets primarily in high yield debt securities. These securities are generally lower rated and may involve greater risk of loss. There can be no assurance that the Fund will achieve its investment objective. The Fund's common shares began trading on the New York Stock Exchange under the ticker symbol LBC on July 28, 2003. Neuberger Berman Management Inc. serves as the Fund's investment advisor and Lehman Brothers Asset Management LLC (formerly known as Lincoln Capital Fixed Income Management Company, LLC) serves as the Fund's sub-advisor. For more complete information about the Fund, please call the Fund at 1-800-988-5196 or visit the Fund's Web site at www.lbftincomeopportunity.com.

Lehman Brothers (ticker symbol: LEH), an innovator in global finance, serves the financial needs of corporations, governments and municipalities, institutional clients and high-net-worth individuals worldwide. Founded in 1850, Lehman Brothers maintains leadership positions in equity and fixed income sales, trading and research, investment banking, private investment management, asset management and private equity. The Firm is headquartered in New York, with regional headquarters in London and Tokyo, and operates in a network of offices around the world. For further information about Lehman Brothers' services, products and recruitment opportunities, visit the Firm's Web site at www.lehman.com.

Lehman Brothers Inc. Member SIPC

Lehman Brothers
Brian Finnegan, 212-526-0061
brfinneg@lehman.com