First Trust/Aberdeen Global Opportunity Income Fund Declares its Monthly Common Share Distribution of $0.075 Per Share for Oc...
September 20 2017 - 4:52PM
Business Wire
First Trust/Aberdeen Global Opportunity Income Fund (the "Fund")
(NYSE: FAM) has declared the Fund’s regularly scheduled monthly
common share distribution in the amount of $0.075 per share payable
on October 16, 2017, to shareholders of record as of October 3,
2017. The ex-dividend date is expected to be October 2, 2017. The
monthly distribution information for the Fund appears below.
First Trust/Aberdeen
Global Opportunity Income Fund (FAM):
Distribution per share: $0.075 Distribution Rate
based on the September 19, 2017 NAV of $13.17: 6.83% Distribution
Rate based on the September 19, 2017 closing market price of
$11.85: 7.59%
This distribution will consist of net investment income earned
by the Fund and may also consist of return of capital and/or
realized capital gains. The final determination of the source and
tax status of all distributions paid in 2017 will be made after the
end of 2017 and will be provided on Form 1099-DIV.
The Fund is a diversified, closed-end management investment
company that seeks to provide a high level of current income. As a
secondary objective, the Fund seeks capital appreciation. The Fund
pursues these investment objectives by investing in the world bond
markets through a diversified portfolio of investment grade and
below-investment grade government and corporate debt
securities.
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 and financial advisory services, with collective
assets under management or supervision of approximately $109
billion as of August 31, 2017 through unit investment trusts,
exchange-traded funds, closed-end funds, mutual funds and separate
managed accounts.
Aberdeen Asset Management Inc. serves as the Fund's investment
sub-advisor (the "Sub-Advisor"). The Sub-Advisor is a wholly owned
subsidiary of Aberdeen Asset Management PLC ("Aberdeen PLC"). The
merger of Standard Life plc and Aberdeen PLC, announced on March 6,
2017 ("Merger"), closed on August 14, 2017. Aberdeen PLC became a
direct subsidiary of Standard Life plc as a result of the Merger
and the combined company changed its name to Standard Life Aberdeen
plc. Shareholders of the Fund are not required to take any action
as a result of the Merger. Following the Merger, the Sub-Advisor is
an indirect subsidiary of Standard Life Aberdeen plc, but otherwise
did not change. The investment sub-advisory agreement for the Fund,
the services provided under the agreement, and the fees charged for
services did not change as a result of the Merger. The portfolio
management team of the Sub-Advisor for the Fund did not change as a
result of the Merger.
Past performance is no assurance of future results. Investment
return and market value of an investment in the Fund will
fluctuate. Shares, when sold, may be worth more or less than their
original cost.
Principal Risk Factors: The Fund invests in securities of
non-U.S. issuers which are subject to higher volatility than
securities of U.S. issuers. Risks may be heightened for securities
of companies located in, or with significant operations in,
emerging market countries. Because the Fund invests in non-U.S.
securities, you may lose money if the local currency of a non-U.S.
market depreciates against the U.S. dollar.
The Fund invests in non-investment grade debt instruments,
commonly referred to as "high-yield securities". High yield
securities are subject to greater market fluctuations and risk of
loss than securities with higher ratings. Lower-quality debt tends
to be less liquid than higher-quality debt.
The debt securities in which the Fund invests are subject to
certain risks, including issuer risk, reinvestment risk, prepayment
risk, credit risk, and interest rate risk. Issuer risk is the risk
that the value of fixed-income securities may decline for a number
of reasons which directly relate to the issuer. Reinvestment risk
is the risk that income from the Fund's portfolio will decline if
the Fund invests the proceeds from matured, traded or called bonds
at market interest rates that are below the Fund portfolio's
current earnings rate. Prepayment risk is the risk that, upon a
prepayment, the actual outstanding debt on which the Fund derives
interest income will be reduced. Credit risk is the risk that an
issuer of a security will be unable or unwilling to make dividend,
interest and/or principal payments when due and that the value of a
security may decline as a result. Interest rate risk is the risk
that fixed-income securities will decline in value because of
changes in market interest rates.
Use of leverage can result in additional risk and cost, and can
magnify the effect of any losses.
The risks of investing in the Fund are spelled out in the
shareholder reports and other regulatory filings.
The information presented is not intended to constitute an
investment recommendation for, or advice to, any specific person.
By providing this information, First Trust is not undertaking to
give advice in any fiduciary capacity within the meaning of ERISA
and the Internal Revenue Code. First Trust has no knowledge of and
has not been provided any information regarding any investor.
Financial advisors must determine whether particular investments
are appropriate for their clients. First Trust believes the
financial advisor is a fiduciary, is capable of evaluating
investment risks independently and is responsible for exercising
independent judgment with respect to its retirement plan
clients.
The Fund’s daily closing New York Stock Exchange price and net
asset value per share as well as other information can be found at
www.ftportfolios.com or by calling 1-800-988-5891.
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version on businesswire.com: http://www.businesswire.com/news/home/20170920006334/en/
First Trust/Aberdeen Global Opportunity Income FundPress
Inquiries: Jane Doyle, 630-765-8775Analyst Inquiries: Jeff
Margolin, 630-915-6784Broker Inquiries: Jeff Margolin,
630-915-6784
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