First Trust/Aberdeen Global Opportunity Income Fund Announces Results of Annual Shareholder Meeting
April 09 2020 - 4:50PM
Business Wire
First Trust/Aberdeen Global Opportunity Income Fund (NYSE: FAM)
(the “Fund”) announced today that, based on voting results,
shareholders of the Fund voted at the annual meeting of
shareholders to elect Robert F. Keith as a Class I Trustee to
continue to serve as a member of the Board of Trustees of the Fund
for a three-year term. James A. Bowen, Niel B. Nielson, Richard E.
Erickson and Thomas R. Kadlec are current and continuing Trustees
of the Fund.
Additionally, shareholders voted at the annual meeting against a
shareholder’s non-binding proposal requesting the Board of Trustees
to consider authorizing a self-tender offer for all outstanding
common shares of the Fund at or close to net asset value. The
shareholder’s proposal also stated that if more than 50% of the
Fund’s outstanding common shares were tendered, the tender offer
should be cancelled and the Board should take steps necessary to
liquidate, merge, or convert the Fund to an open-end mutual fund or
exchange traded fund. According to the vote tally, the majority of
shares voted at the annual meeting voted against the shareholder
proposal and as a result, the shareholder proposal did not pass.
Abstentions and broker non-votes were not considered votes cast
and, therefore had no effect on the approval of the shareholder’s
proposal.
The Fund is a diversified, closed-end management investment
company. The Fund’s primary investment objective is to seek 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.
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