First Trust/Aberdeen Global Opportunity Income Fund Announces Plan for Tender Offer
December 03 2020 - 9:13AM
Business Wire
First Trust/Aberdeen Global Opportunity Income Fund (NYSE: FAM)
(the “Fund”) announced today that the Fund’s Board of Trustees has
approved the commencement of a cash tender offer for up to 20% of
the Fund’s then outstanding common shares of beneficial interest at
a price per share equal to 98% of the Fund’s net asset value
(“NAV”) per share, subject to certain conditions, no later than
January 15, 2021. The Fund will repurchase shares tendered and
accepted in the tender offer in exchange for cash.
Tender Offer Statement
The above statements are not intended to constitute an offer to
participate in the tender offer. Information about the tender
offer, including its commencement, will be announced via future
press releases. Shareholders will be notified in accordance with
the requirements of the Securities Exchange Act of 1934, as
amended, and the Investment Company Act of 1940, as amended, either
by publication or mailing or both. The tender offer will be made
only by an offer to purchase, a related letter of transmittal, and
other documents to be filed with the SEC. Shareholders of the Fund
should read the offer to purchase and tender offer statement and
related exhibits when those documents are filed and become
available, as they will contain important information about the
tender offer. These and other filed documents will be available to
investors for free both at the website of the SEC and from the
Fund.
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 $147 billion as of
October 31, 2020 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201203005615/en/
Jim Dykas – (630) 517-7665
First Trust abrdn Global... (NYSE:FAM)
Historical Stock Chart
From Mar 2024 to Apr 2024
First Trust abrdn Global... (NYSE:FAM)
Historical Stock Chart
From Apr 2023 to Apr 2024