First Trust/Aberdeen Global Opportunity Income Fund Declares its Monthly Common Share Distribution of $0.07 Per Share for Nov...
October 22 2018 - 4:20PM
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 $0.07 per share payable
on November 15, 2018, to shareholders of record as of November 2,
2018. The ex-dividend date is expected to be November 1, 2018. The
monthly distribution information for the Fund appears below.
First Trust/Aberdeen
Global Opportunity Income Fund (FAM):
Distribution per share: $0.07 Distribution Rate based on the
October 19, 2018 NAV of $10.99: 7.64% Distribution Rate based on
the October 19, 2018 closing market price of $9.29: 9.04%
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 2018 will be made after the
end of 2018 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. ("FTA") is a federally registered
investment advisor and serves as the Fund's investment advisor. FTA
and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA
registered broker-dealer, are privately-held companies that provide
a variety of investment services. FTA has collective assets under
management or supervision of approximately $134 billion as of
September 30, 2018 through unit investment trusts, exchange-traded
funds, closed-end funds, mutual funds and separate managed
accounts. FTA is the supervisor of the First Trust unit investment
trusts, while FTP is the sponsor. FTP is also a distributor of
mutual fund shares and exchange-traded fund creation units. FTA and
FTP are based in Wheaton, Illinois.
Aberdeen Asset Management Inc. ("Aberdeen") serves as the Fund's
investment sub-advisor. Aberdeen is an indirect wholly-owned
subsidiary of Standard Life Aberdeen plc. Aberdeen Standard
Investments is the brand name for the asset management group of
Standard Life Aberdeen plc, managing approximately $735.5 billion
in assets as of June 30, 2018, for a range of pension funds,
financial institutions, investment trusts, unit trusts, offshore
funds, charities and private clients.
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. There can be no assurance that the Fund’s investment
objectives will be achieved. The Fund may not be appropriate for
all investors.
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
prospectus, 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: https://www.businesswire.com/news/home/20181022005903/en/
First Trust/Aberdeen Global Opportunity Income FundPress
Inquiries:Jane Doyle, 630-765-8775orAnalyst Inquiries:Jeff
Margolin, 630-915-6784orBroker Inquiries:Jeff Margolin,
630-915-6784
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