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/Aberdeen Global Opportunity Income Fund (FAM) and First Trust/Aberdeen Emerging Opportunity Fund (FEO) announced updates to their investment policies. Each Fund can now invest up to 10% of Managed Assets in forward foreign exchange contracts to hedge or gain exposure to foreign currencies. The remaining policies, including a cap of 5% in non-deliverable contracts, will remain unchanged. These changes are expected to be implemented on or around May 24, 2021. FAM aims for high current income, while FEO focuses on total return.
First Trust/Aberdeen Global Opportunity Income Fund (NYSE: FAM) announced the final results of its oversubscribed tender offer for up to 20% of its outstanding common shares. The offer, which closed on February 12, 2021, will purchase 2,534,207 shares at $10.7604 each, reflecting 98% of the net asset value (NAV) as of February 16, 2021. Due to high demand, shares will be bought on a pro-rata basis with a pro-ration factor of 46.50%. Post-offer, the total outstanding shares will be 10,136,829. Shareholders can contact Georgeson LLC for inquiries.
First Trust/Aberdeen Global Opportunity Income Fund (NYSE: FAM) has announced preliminary results of its recent tender offer, which sought to buy back up to 20% of its outstanding shares at 98% of net asset value. The offer, which closed on February 12, 2021, was oversubscribed, with 5,450,859 shares tendered. Consequently, purchases will occur on a pro-rata basis among shareholders. The final results are set to be released on February 16, 2021. The Fund aims to provide high current income and capital appreciation through investments in global bond markets.
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