The First Trust/abrdn Emerging Opportunity Fund (NYSE: FEO) completed its termination and liquidation on December 7, 2022, following a previously announced plan. Shareholders received a liquidating distribution in cash, amounting to the net asset value of $9.635572 per common share. The record date for this distribution was December 5, 2022. As a result of the liquidation, shareholders may experience tax implications, and it is advised to consult with a tax professional.
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The First Trust/abrdn Emerging Opportunity Fund (NYSE: FEO) has announced plans to liquidate and distribute its net assets to shareholders. Following a recommendation from First Trust Advisors L.P., the Fund's Board of Trustees determined that liquidation is in the best interest of shareholders. Trading of Common Shares will cease on or about December 1, 2022, with a liquidation distribution expected on or around December 7, 2022. If assets cannot be fully liquidated, remaining assets may be transferred to a Liquidating Trust.
The First Trust/abrdn Emerging Opportunity Fund (NYSE: FEO) announced a quarterly distribution of $0.25 per share, payable on September 30, 2022. Shareholders of record as of September 23, 2022 will receive this distribution. The distribution yields a rate of 9.97% based on the NAV of $10.03 and 11.25% based on the market price of $8.89. The Fund follows a managed distribution policy that includes both net investment income and realized capital gains, with final tax status determined post-2022.
Summary not available.
First Trust Advisors L.P. announced name changes for two funds: First Trust/Aberdeen Global Opportunity Income Fund (FAM) will now be known as First Trust/abrdn Global Opportunity Income Fund, and First Trust/Aberdeen Emerging Opportunity Fund (FEO) will change to First Trust/abrdn Emerging Opportunity Fund. These changes take effect as of the close of business on June 30, 2022. Despite the name changes, both funds will retain their ticker symbols and investment strategies. FAM focuses on generating income through a diversified bond portfolio, while FEO targets total returns from emerging market securities.
The First Trust/Aberdeen Emerging Opportunity Fund (NYSE: FEO) has announced a quarterly distribution of $0.25 per share, payable on June 30, 2022, to shareholders of record by June 23, 2022. The ex-dividend date is set for June 22, 2022. This distribution reflects a 9.30% yield based on the net asset value of $10.75 and 11.03% based on the market price of $9.07. The Fund's managed distribution policy allows the distribution of long-term capital gains, which aims to provide consistent returns yet may fluctuate based on actual earnings.
Summary not available.
First Trust Advisors L.P. announced that the ongoing conflict following Russia's invasion of Ukraine is adversely impacting the First Trust/Aberdeen Global Opportunity Income Fund (NYSE: FAM) and the First Trust/Aberdeen Emerging Opportunity Fund (NYSE: FEO). As of March 17, 2022, approximately 1.16% of FAM's managed assets and 1.17% of FEO's managed assets were invested in Russian, Ukrainian, and Belarusian securities, with significant declines in value noted. The conflict and imposed sanctions may further hinder the funds’ ability to manage these investments and affect their net asset value.
The First Trust/Aberdeen Emerging Opportunity Fund (NYSE: FEO) has reduced its quarterly distribution from $0.35 to $0.25 per share, representing a 28.57% decrease. The upcoming payment is set for March 31, 2022, with a record date of March 23, 2022. This adjustment aligns with the Fund's managed distribution policy, aiming to reflect current earnings. The annual distribution rate may fluctuate based on earnings changes, with the current yield at 8.57% based on the NAV of $11.67 and 9.52% based on the market price of $10.50.