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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported): September 13, 2024
______________________________
First Trust/abrdn Global Opportunity Income Fund
(Exact name of registrant as specified in its charter)
Massachusetts |
811-21636 |
73-6357662 |
(State or other jurisdiction |
(Commission File Number) |
(IRS Employer |
of incorporation) |
|
Identification No.) |
120 East Liberty Drive, Suite 400
Wheaton, Illinois
(Address of principal executive offices) |
60187
(zip code) |
Registrant’s telephone number, including area
code: (630) 765-8000
_____________________________________________________
(Former Name or Former Address, if Changed Since Last
Report.)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
☐ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
☐ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of class |
Trading Symbol |
Name of exchange on which registered |
Common stock, $0.01 par value per share |
FAM |
New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 7.01 | Regulation FD Disclosure. |
First Trust/abrdn Global Opportunity Income
Fund (“FAM”) is filing herewith a press release issued on September 13, 2024, as Exhibit 99.1. The press release was issued
by First Trust Advisors L.P. (“FTA”) to announce the timing of the closing of the reorganization First
Trust/abrdn Global Opportunity Income Fund (NYSE: FAM) (the “Fund”) with and into abrdn Income Credit Strategies Fund
(“ACP”). Details regarding the reorganization are contained in the press release included herein.
| Item 9.01 | Financial Statements and Exhibits. |
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: September 13, 2024 |
|
FIRST TRUST/ABRDN GLOBAL OPPORTUNITY INCOME FUND |
|
|
|
|
By: |
/s/ W. Scott Jardine |
|
Name |
W. Scott Jardine |
|
Title: |
Secretary |
EXHIBIT INDEX
PRESS RELEASE | | SOURCE: First Trust Advisors L.P. |
First
Trust Announces Timing of Reorganization of First Trust/abrdn Global Opportunity Income Fund with and into abrdn Income Credit Strategies
Fund
WHEATON, IL – (BUSINESS WIRE) –
September 13, 2024 – First Trust Advisors L.P. (“FTA”) announced today the timing of the closing of the reorganization
First Trust/abrdn Global Opportunity Income Fund (NYSE: FAM) (the “Fund”) with
and into abrdn Income Credit Strategies Fund (“ACP”).
Shareholders of FAM,
a diversified, closed-end management investment company organized as a Massachusetts business trust, approved the reorganization of FAM
with and into ACP, a diversified, closed-end management investment company organized as a Delaware statutory trust. As previously announced,
the reorganization was approved by the Board of Trustees of FAM on October 23, 2023. Subject to the satisfaction of certain customary
closing conditions, the reorganization of FAM into ACP is expected to close as of the close of business on September 20, 2024. Upon the
completion of the reorganization, which is expected to be tax-free, the assets of FAM will be transferred to, and the liabilities of FAM
will be assumed by, ACP. The shareholders of FAM will receive shares of ACP with a value equal to the aggregate net asset value of the
shares of FAM held by them.
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 $241 billion
as of August 31, 2024, through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.
FTA is the supervisor of the First Trust unit investment trusts, while FTP is the sponsor. FTP is also a distributor of mutual fund shares
and exchange-traded fund creation units. FTA and FTP are based in Wheaton, Illinois.
In the United States, abrdn
is the marketing name for the following affiliated, registered investment advisers: abrdn Inc., abrdn Investments Limited, abrdn Asia
Limited, abrdn Private Equity (Europe) Limited and abrdn ETFs Advisors LLC.
Additional Information
/ Forward-Looking Statements
This press
release is not intended to, and shall
not, constitute an offer to purchase or sell
shares of ACP. An investor should carefully consider the investment objectives, risks, charges and expenses of ACP before investing.
Certain
statements made in this news release that are
not historical facts are referred to as “forward-looking
statements” under the U.S. federal securities
laws. Actual future results or occurrences may
differ significantly from those anticipated
in any forward-looking statements due to numerous factors.
Generally, the words “believe,” “expect,” “intend,” “estimate,”
“anticipate,” “project,” “will” and similar expressions identify forward-looking statements,
which generally are not historical in nature.
Forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ
from the historical experience of FTA and
the funds managed by FTA and
its present expectations or projections. You
should not place undue reliance on forward-looking
statements, which speak only as of the date
they are made. FTA, the Funds and ACP undertake
no responsibility to update publicly or revise any forward-looking
statements.
_______________________________________
CONTACT: Jeff Margolin – (630)
517-7643
_______________________________________
CONTACT: Daniel Lindquist – (630)
765-8692
_______________________________________
CONTACT: Chris Fallow – (630)
517-7628
___________________________________
SOURCE: First Trust Advisors L.P.
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