Welcome to our dedicated page for First Trust/abrdn Global Opportunity Income Fund news (Ticker: FAM), a resource for investors and traders seeking the latest updates and insights on First Trust/abrdn Global Opportunity Income Fund stock.
First Trust/abrdn Global Opportunity Income Fund (FAM) is a United States-based diversified, closed-end management investment company. Founded with the mission to offer investors a better way to invest, the fund's primary objective is to seek a high level of current income, with a secondary goal of capital appreciation. Managed by First Trust Advisors L.P., a firm established in 1991, FAM leverages a diversified portfolio strategy, investing in both investment-grade and below-investment-grade government and corporate debt securities across global bond markets.
The fund's approach is rooted in core principles such as knowing what you own, investing for the long-term, employing discipline, re-balancing, and controlling taxes. These principles guide the investment strategies designed to contribute to the prosperity of its clients. Recent achievements include strategic partnerships and innovative product offerings that cater to the evolving needs of investors and financial advisors.
First Trust is committed to providing original ideas, inventive products, and the highest level of service. The company encourages a culture of diligence and respect, aiming to deliver superior products and services that help clients define goals, solve problems, and develop long-term strategies. FAM's investment strategy aims to leverage market opportunities while maintaining a balanced approach to risk and reward.
For the latest updates, news, and detailed information on the fund's performance, partnerships, and projects, investors can rely on the comprehensive resources provided by First Trust Advisors L.P.
First Trust/abrdn Global Opportunity Income Fund (NYSE: FAM) has announced a monthly common share distribution of $0.06 per share for June 2024. This distribution will be payable on June 17, 2024, to shareholders of record as of June 3, 2024. The ex-dividend date is also June 3, 2024.
The distribution rate is 10.71% based on the net asset value (NAV) of $6.72 as of May 17, 2024, and 11.13% based on the closing market price of $6.47 on the same date. The distribution comprises net investment income, return of capital, and possibly net short-term realized capital gains. The final tax status will be determined after the end of 2024.
The Fund aims to provide high current income with a secondary goal of capital appreciation by investing in global bond markets. Principal risks include market risk, interest rate risk, and credit risk, among others. Investment shares may fluctuate in value, and there are no guarantees that investment objectives will be achieved.
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