First Trust Announces Adjournment of Special Meeting of Shareholders Relating to the Reorganization of First Trust/abrdn Global Opportunity Income Fund with and into abrdn Income Credit Strategies Fund
First Trust Advisors L.P. (FTA) has adjourned the special meeting of shareholders of First Trust/abrdn Global Opportunity Income Fund (NYSE: FAM) initially held on July 11, 2024. The adjournment is intended to allow additional time for shareholder votes on the proposed reorganization with abrdn Income Credit Strategies Fund (ACP). The meeting will reconvene on July 25, 2024, at 12:30 PM Central time in Wheaton, Illinois. Shareholders of record as of October 23, 2023, are eligible to vote. Voting can be done via methods outlined in the previously mailed proxy materials. The Boards of Trustees recommend a 'FOR' vote for the reorganization.
FTA, a registered investment advisor, oversees approximately $228 billion in assets through various investment vehicles. The proxy statement is available on the FTA website and the SEC's website. For voting assistance, shareholders can contact EQ Fund Solutions,
- The Boards of Trustees believe the reorganization is in the best interests of the Fund.
- FTA manages approximately $228 billion in assets as of June 30, 2024.
- The special meeting was adjourned, indicating potential delays in the reorganization process.
Shareholders of record of the Fund as of the close of business on October 23, 2023, are entitled to vote at the Meeting. Whether or not shareholders plan to attend the Meeting, it is important that their shares be represented and voted at the Meeting. Shareholders may vote their shares by one of the methods described in the proxy materials previously mailed to them, which includes a combined proxy statement and prospectus (the “proxy statement”). The proxy statement contains important information regarding the proposed reorganization and shareholders of the Fund are urged to read the proxy statement and accompanying materials carefully. The proxy statement is also available at https://www.ftportfolios.com/Common/ContentFileLoader.aspx?ContentGUID=e7273425-e2a9-48b7-bb6d-73153c910a7a and the Securities and Exchange Commission’s website at www.sec.gov. If shareholders have any questions regarding the proposals, or need assistance voting, they may call EQ Fund Solutions, LLC at (866) 620-8437. The Boards of Trustees of the Fund believes the reorganization is in the best interests of the Fund and recommend that shareholders vote “FOR” the reorganization.
FTA is a federally registered investment advisor and serves as the investment advisor of the Fund. 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
In
Additional Information / Forward-Looking Statements
This press release is not intended to, and shall not, constitute an offer to purchase or sell shares of the Fund or ACP; nor is this press release intended to solicit a proxy from any shareholder of the Fund. The Fund and their trustees and officers, FTA, abrdn and certain of their respective officers and employees, and other persons may be deemed under the rules of the Securities and Exchange Commission to be participants in the solicitation of proxies from shareholders in connection with the matters described above. Information about the Fund’s trustees and officers, FTA and its officers and employees, and other persons may be found in the proxy statement.
Certain statements made in this news release that are not historical facts are referred to as “forward-looking statements” under the
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Jeff Margolin – (630) 517-7643
Daniel Lindquist – (630) 765-8692
Chris Fallow – (630) 517-7628
Source: First Trust Advisors L.P.
FAQ
Why was the special meeting of First Trust/abrdn Global Opportunity Income Fund shareholders adjourned?
When will the adjourned meeting of First Trust/abrdn Global Opportunity Income Fund shareholders reconvene?
Who is eligible to vote at the reconvened special meeting of First Trust/abrdn Global Opportunity Income Fund?
What are the proxy materials for the First Trust/abrdn Global Opportunity Income Fund reorganization?
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