First Trust/abrdn Global Oppos Income Stock Price, News & Analysis

First Trust/Aberdeen Global Opportunity Income Fund (FAM) and First Trust/Aberdeen Emerging Opportunity Fund (FEO) announced updates to their investment policies. Each Fund can now invest up to 10% of Managed Assets in forward foreign exchange contracts to hedge or gain exposure to foreign currencies. The remaining policies, including a cap of 5% in non-deliverable contracts, will remain unchanged. These changes are expected to be implemented on or around May 24, 2021. FAM aims for high current income, while FEO focuses on total return.

First Trust/Aberdeen Global Opportunity Income Fund (NYSE: FAM) announced the final results of its oversubscribed tender offer for up to 20% of its outstanding common shares. The offer, which closed on February 12, 2021, will purchase 2,534,207 shares at $10.7604 each, reflecting 98% of the net asset value (NAV) as of February 16, 2021. Due to high demand, shares will be bought on a pro-rata basis with a pro-ration factor of 46.50%. Post-offer, the total outstanding shares will be 10,136,829. Shareholders can contact Georgeson LLC for inquiries.

First Trust/Aberdeen Global Opportunity Income Fund (NYSE: FAM) has announced preliminary results of its recent tender offer, which sought to buy back up to 20% of its outstanding shares at 98% of net asset value. The offer, which closed on February 12, 2021, was oversubscribed, with 5,450,859 shares tendered. Consequently, purchases will occur on a pro-rata basis among shareholders. The final results are set to be released on February 16, 2021. The Fund aims to provide high current income and capital appreciation through investments in global bond markets.