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The First Trust/Aberdeen Global Opportunity Income Fund (NYSE: FAM) has initiated a tender offer to repurchase up to 20% of its outstanding shares at 98% of the net asset value as of February 16, 2021. The offer expires on February 12, 2021, with possible extensions. If shares tendered exceed the limit, purchases will be made on a pro rata basis. The completion of the offer is contingent on meeting certain conditions, and there is no guarantee they will be satisfied. The Fund, managed by First Trust Advisors and Aberdeen Standard Investments, aims for high income and capital appreciation through a diversified bond portfolio.
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First Trust/Aberdeen Global Opportunity Income Fund (NYSE: FAM) has announced a cash tender offer for up to 20% of its outstanding common shares at 98% of the Fund's net asset value (NAV). The offer is expected to commence no later than January 15, 2021. Shareholders will receive notifications in line with regulations set forth by the Securities Exchange Act of 1934 and the Investment Company Act of 1940. The Fund aims to provide current income and capital appreciation through a diversified portfolio of global debt securities.
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