STOCK TITAN

First Trust/abrdn Global Opportunity Income Fund - FAM STOCK NEWS

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.

Rhea-AI Summary
First Trust/abrdn Global Opportunity Income Fund (FAM) declares monthly common share distribution of $0.06 per share payable on November 15, 2023, with a distribution rate of 11.56% based on NAV and 13.28% based on closing market price.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.86%
Tags
none
-
Rhea-AI Summary
First Trust/abrdn Global Opportunity Income Fund (FAM) declares monthly distribution of $0.06 per share, representing a distribution rate of 10.93% based on NAV and 12.41% based on closing market price.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.88%
Tags
none
-
Rhea-AI Summary
First Trust/abrdn Global Opportunity Income Fund (FAM) declares monthly distribution of $0.06 per share payable on September 15, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.51%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.14%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.11%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.02%
Tags
none
-
Rhea-AI Summary

First Trust/abrdn Global Opportunity Income Fund (FAM) has announced an increase in its monthly common share distribution from $0.045 to $0.0525 per share. This 16.67% increase is based on the previous distribution amount and translates to a distribution rate of 9.45% based on the NAV of $6.67 as of March 17, 2023, or 10.96% based on the closing market price of $5.75. The distribution will be payable on April 17, 2023, to shareholders of record as of April 4, 2023, with an ex-dividend date of April 3, 2023. The distribution will include net investment income and may comprise capital gains.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.69%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.34%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.16%
Tags
none

FAQ

What is the current stock price of First Trust/abrdn Global Opportunity Income Fund (FAM)?

The current stock price of First Trust/abrdn Global Opportunity Income Fund (FAM) is $6.51 as of September 20, 2024.

What is the market cap of First Trust/abrdn Global Opportunity Income Fund (FAM)?

The market cap of First Trust/abrdn Global Opportunity Income Fund (FAM) is approximately 66.7M.

What is the primary objective of First Trust/abrdn Global Opportunity Income Fund (FAM)?

The primary objective is to seek a high level of current income.

What is the secondary objective of the fund?

The secondary objective is to seek capital appreciation.

What type of securities does FAM invest in?

FAM invests in a diversified portfolio of investment-grade and below-investment-grade government and corporate debt securities.

Who manages the First Trust/abrdn Global Opportunity Income Fund?

The fund is managed by First Trust Advisors L.P.

When was First Trust founded?

First Trust was founded in 1991.

What are some of the core principles guiding the fund's investment strategy?

The core principles include knowing what you own, investing for the long-term, employing discipline, re-balancing, and controlling taxes.

How does First Trust ensure the prosperity of its clients?

First Trust ensures the prosperity of its clients by providing trusted investment products, original ideas, inventive products, and the highest level of service.

What kind of culture does First Trust promote among its employees?

First Trust promotes a culture of diligence and respect among its employees.

Where can I find the latest updates and news about FAM?

The latest updates and news can be found through the comprehensive resources provided by First Trust Advisors L.P.

What kind of investors is FAM suitable for?

FAM is suitable for investors seeking a high level of current income and capital appreciation through diversified global bond market investments.

First Trust/abrdn Global Opportunity Income Fund

NYSE:FAM

FAM Rankings

FAM Stock Data

66.74M
40.66M
20.55%
53.72%
0.21%
Asset Management
Financial Services
Link
United States of America
Wheaton