First Trust/Abrdn Global Oppnty Incm Fnd (N:FAM)
Business Focus: Closed End Funds
Insider Filings
Latest 10 SEC Form 4 filings for FAM*US within the last 6 months
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Company News
Mar 20, 2024 16:10 ET
First Trust/abrdn Global Opportunity Income Fund Declares its Monthly Common Share Distribution of $0.06 Per Share for April
First Trust/abrdn Global Opportunity Income Fund (the "Fund") (NYSE: FAM) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.06 per share payable on April 15, 2024, to shareholders of record as of April 2, 2024. The ex-dividend date is expected to be April 1, 2024. The monthly distribution information for the Fund appears below.
Mar 07, 2024 16:10 ET
First Trust Announces Adjournment of the Joint Special Meeting of Shareholders
First Trust Advisors L.P. (“FTA”) announced today that the joint special meeting of shareholders of each of First Trust High Income Long/Short Fund (NYSE: FSD) and First Trust/abrdn Global Opportunity Income Fund (NYSE: FAM) (each, a “Fund” and collectively, the “Funds”) held on March 7, 2024 has been adjourned in order to permit additional solicitation of shareholders of each Fund and to allow shareholders additional time to vote on the respective reorganizations of the Funds with and into abrdn Income Credit Strategies Fund (“ACP”). The joint special meeting of shareholders of the Funds will
Valuation Ratios
Industry
Sector
Beta
0.79
--
--
Price to Sales - TTM
--
9.95
3.74
Price to Book - most recent quarter
--
0.96
1.35
Price to Cash Flow per share - TTM
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16.48
12.80
Price to Free Cash Flow per share - TTM
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17.29
15.30
Business Summary
| Sector: Financials | Industry: Closed End Funds |
First Trust/abrdn Global Opportunity Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund's primary investment objective is to seek a high level of current income. As a secondary objective, the Fund seeks capital appreciation. The Fund pursues these objectives by investing its managed assets in the world bond markets through a diversified portfolio of investment grade and below-investment grade government and corporate debt securities. The Fund invests in various industries, such as sovereigns, banks, integrated oils, utilities, exploration and production, financial services, railroad, pharmaceuticals, metals and mining, food and beverage, government development banks, transportation and logistics, chemicals, oil and gas services and equipment, life insurance, software and services, retail - consumer staples, construction materials and wireline telecommunications services. The Fund's investment advisor is First Trust Advisors L.P.
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