First Trust/Aberdeen Global Opportunity Income Fund Announces Final Results of Tender Offer
February 16 2021 - 5:55PM
Business Wire
First Trust/Aberdeen Global Opportunity Income Fund (NYSE: FAM)
(the “Fund”) today announced the final results of the tender offer
it conducted.
As previously announced, the Fund conducted a tender offer for
up to 20% of its outstanding common shares for cash at a price per
share equal to 98% of the net asset value per share as determined
as of the close of the regular trading session of the NYSE on
February 16, 2021 (the “Valuation Date”). The Fund’s tender offer,
which expired at 5:00 p.m. New York City time on Friday, February
12, 2021, was oversubscribed.
Since the Fund’s tender offer was oversubscribed, the Fund will
purchase 20% of its outstanding common shares on a pro-rata basis
based on the number of shares properly tendered (Pro-Ration
Factor). The final results of the tender offer are provided in the
table below.
Number of Shares Tendered
Number of Tendered Shares to be
Purchased
Pro- Ration Factor
Purchase Price (98% of NAV on
Valuation Date)
Number of Outstanding Shares
after Tender Offer
5,450,859
2,534,207
46.50%
$10.7604
10,136,829
The Fund will purchase the common shares that it has accepted
for payment as promptly as practicable. Shareholders who have
questions regarding the tender offer should contact their financial
advisors or should call Georgeson LLC, the Fund’s information agent
for the tender offer, at: (888) 680-1528.
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., the Fund’s investment advisor, along
with its affiliate, First Trust Portfolios L.P., are privately-held
companies which provide a variety of investment services, including
asset management and financial advisory services, with collective
assets under management or supervision of approximately $174
billion as of January 31, 2021 through unit investment trusts,
exchange-traded funds, closed-end funds, mutual funds and separate
managed accounts.
Aberdeen Standard Investments Inc. (“ASII”) 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 a range of pension funds, financial institutions,
investment trusts, unit trusts, offshore funds, charities and
private clients.
FORWARD-LOOKING STATEMENTS
Certain statements made in this press release are
forward-looking statements. Actual results or occurrences may
differ significantly from those anticipated in any forward-looking
statements due to numerous factors.
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version on businesswire.com: https://www.businesswire.com/news/home/20210216006213/en/
Jim Dykas – (630) 517-7665
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