First Trust/Aberdeen Global Opportunity Income Fund Declares its Monthly Common Share Distribution of $0.08 Per Share for Feb...
January 21 2020 - 4:45PM
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 $0.08 per share payable
on February 18, 2020, to shareholders of record as of February 4,
2020. The ex-dividend date is expected to be February 3, 2020. The
monthly distribution information for the Fund appears below.
First Trust/Aberdeen
Global Opportunity Income Fund (FAM):
Distribution per share:
$0.08
Distribution Rate based on the January 17,
2020 NAV of $11.96:
8.03%
Distribution Rate based on the January 17,
2020 closing market price of $11.47:
8.37%
This distribution will consist of net investment income earned
by the Fund and return of capital and may also consist of realized
capital gains. The final determination of the source and tax status
of all distributions paid in 2020 will be made after the end of
2020 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 $145 billion as of
December 31, 2019 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 Standard Investments Inc. ("ASII"), (formerly, Aberdeen
Asset Management Inc.), serves as the Fund's investment
sub-advisor. ASII 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 $702.4 billion in assets as of December
31, 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
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,
the Internal Revenue Code or any other regulatory framework.
Financial advisors are responsible for evaluating investment risks
independently and for exercising independent judgment in
determining whether investments are appropriate for their
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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