FAM First Trust abrdn Global Opportunity Income Fund

* See Items 2 and 5. 

The following constitutes Amendment No. 5 to the Schedule 13D (as amended, the "Schedule D") filed by the undersigned (“Amendment No. 5 ”) amends the Schedule 13D as specifically set forth herein. 

Item 2 of the Schedule D is hereby amended and restated as follows:

(a)    This statement is filed by:

(i)    Karpus Management, Inc., d/b/a Karpus Investment Management ("Karpus"); and

(ii)   George W. Karpus, the President and CEO of Karpus. Mr. Karpus owns Shares individually and may be deemed the beneficial owner of Shares held by Karpus Investment Management Profit Sharing Plan Fund B- Conservative Bond Fund (collectively, the "Karpus Entity").

Each of the foregoing is referred to as a "Reporting Person" and collectively as the "Reporting Persons." Each of the Reporting Persons is party to that certain Joint Filing Agreement as further described in Item 6, as originally filed on November 4, 2019. Accordingly, the Reporting Persons are hereby filing a joint Schedule 13D.

Set forth on Schedule A annexed hereto ("Schedule A") is the name and present principal business, occupation or employment and the name, principal business and address of any corporation or other organization in which such employment is conducted of the executive officers and directors of Karpus. To the best of the Reporting Persons' knowledge, except as otherwise set on Schedule A, none of the persons listed on Schedule A beneficially owns any securities of the Issuer or is a party to any contract, agreement or understanding required to be disclosed herein.

(b)    The address of the principal office of each of the Reporting Persons is 183 Sully's Trail, Pittsford, New York 14534.

(c)     The principal business of Karpus is serving as a registered investment adviser who provides investment management for individuals, pension plans, profit sharing plans, corporations, endowments, trusts, and others. The principal occupation of Mr. Karpus is serving as the President and CEO of Karpus.

(d)    No Reporting Person nor any person listed on Schedule A has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

(e)    No Reporting Person nor any person listed on Schedule A has, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

(f)     Karpus is organized under the laws of the State of New York. Mr. Karpus is a citizen of the United States of America.

Item 3 of the Schedule 13D is hereby amended and restated as follows:

Karpus, an independent registered investment advisor, has accumulated 3,378,331 Shares on behalf of accounts that are managed by Karpus (the “Accounts”) under limited powers of attorney, which represents 26.62% of the outstanding Shares. All funds that have been utilized in making such purchases for the Accounts (which are open market purchases unless otherwise noted) are from such Accounts.

The aggregate purchase price of the 3,378,331 Shares beneficially owned by Karpus Investment Management is approximately $34,249,082, excluding brokerage commissions. Such Shares were purchased with working capital (which may at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases except as otherwise noted.

The aggregate purchase price of the 12,742 Shares held by Mr. Karpus and the Karpus Entity is approximately $129,215, excluding brokerage commissions. Such Shares were purchased with working capital (which may at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases except as otherwise noted.

Item 5 of Schedule 13D is hereby amended and restated as follows:

The aggregate percentage of Shares reported owned by each Reporting Person is based upon 12,691,512 Shares outstanding, which is the total number of Shares outstanding as of July 29, 2020 as reported in the Issuer’ Fund Fact sheet dated July 30, 2020, accessed on the website https://www.ftportfolios.com/Retail/cef/cefsummary.aspx?Ticker=FAM.

  Percentage:   26.62%

  Percentage: Less than 1%

The filing of this Schedule 13D shall not be construed as an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any of the Shares reported herein. Each Reporting Person disclaims beneficial ownership of such Shares except to the extent of his or its pecuniary interest therein.

SIGNATURES

After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

SCHEDULE A

Executive Officers & Directors of Karpus Management, Inc., d/b/a Karpus Investment Management

SCHEDULE B

Transactions in the Shares over the last 60 days.

KARPUS MANAGEMENT, INC., D/B/A/ KARPUS INVESTMENT MANAGEMENT
(THROUGH THE ACCOUNTS)