Form 8-K - Current report

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: [phone]

_____________________________________________________ 

(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.

 

(d)

Exhibits.

 

Exhibit
Number		Description
99.1		Press Release, dated September 13, 2024.

 

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

 

Exhibit
Number		Description
99.1		Press Release, dated September 13, 2024.

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 – [phone]

_______________________________________

CONTACT: Daniel Lindquist – [phone]

_______________________________________

CONTACT: Chris Fallow – [phone]

___________________________________

SOURCE: First Trust Advisors L.P.

 

 

 

Cover	Sep. 13, 2024
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Sep. 13, 2024
Entity File Number	811-21636
Entity Registrant Name	First Trust/abrdn Global Opportunity Income Fund
Entity Central Index Key	0001302624
Entity Tax Identification Number	73-6357662
Entity Incorporation, State or Country Code	MA
Entity Address, Address Line One	120 East Liberty Drive
Entity Address, Address Line Two	Suite 400
Entity Address, City or Town	Wheaton
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60187
City Area Code	630
Local Phone Number	765-8000
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common stock, $0.01 par value per share
Trading Symbol	FAM
Security Exchange Name	NYSE
Entity Emerging Growth Company	false

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