First Trust/Aberdeen Global Opportunity Income Fund (the "Fund")
(NYSE: FAM) has declared the Fund’s regularly scheduled monthly
common share distribution in the amount of $0.08 per share payable
on June 15, 2021, to shareholders of record as of June 2, 2021. The
ex-dividend date is expected to be June 1, 2021. The monthly
distribution information for the Fund appears below.
First Trust/Aberdeen
Global Opportunity Income Fund (FAM):
Distribution per share:
$0.08
Distribution Rate based on the May 19,
2021 NAV of $10.53:
9.12%
Distribution Rate based on the May 19,
2021 closing market price of $10.12:
9.49%
This distribution will consist of net investment income earned
by the Fund and return of capital and may also consist of realized
capital gains. The final determination of the source and tax status
of all distributions paid in 2021 will be made after the end of
2021 and will be provided on Form 1099-DIV.
The Fund is a diversified, closed-end management investment
company that seeks to provide a high level of current income. As a
secondary objective, the Fund seeks capital appreciation. The Fund
pursues these investment objectives by investing in the world bond
markets through a diversified portfolio of investment grade and
below-investment grade government and corporate debt
securities.
First Trust Advisors L.P. ("FTA") is a federally registered
investment advisor and serves as the Fund's investment advisor. 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 $194 billion as of April
30, 2021 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.
Aberdeen Standard Investments Inc. ("ASII") serves as the Fund's
investment sub-advisor. ASII is an indirect wholly-owned subsidiary
of Standard Life Aberdeen plc. Aberdeen Standard Investments is the
brand name for the asset management group of Standard Life Aberdeen
plc, managing approximately $624 billion in assets as of December
31, 2020, for a range of pension funds, financial institutions,
investment trusts, unit trusts, offshore funds, charities and
private clients.
Past performance is no assurance of future results. Investment
return and market value of an investment in the Fund will
fluctuate. Shares, when sold, may be worth more or less than their
original cost. There can be no assurance that the Fund’s investment
objectives will be achieved. The Fund may not be appropriate for
all investors.
Principal Risk Factors: Securities held by a fund, as well as
shares of a fund itself, are subject to market fluctuations caused
by factors such as general economic conditions, political events,
regulatory or market developments, changes in interest rates and
perceived trends in securities prices. Shares of a fund could
decline in value or underperform other investments as a result of
the risk of loss associated with these market fluctuations. In
addition, local, regional or global events such as war, acts of
terrorism, spread of infectious diseases or other public health
issues, recessions, or other events could have a significant
negative impact on a fund and its investments. Such events may
affect certain geographic regions, countries, sectors and
industries more significantly than others. The outbreak of the
respiratory disease designated as COVID-19 in December 2019 has
caused significant volatility and declines in global financial
markets, which have caused losses for investors. The COVID-19
pandemic may last for an extended period of time and will continue
to impact the economy for the foreseeable future.
The Fund invests in securities of non-U.S. issuers which are
subject to higher volatility than securities of U.S. issuers. The
Fund may invest from time to time a substantial amount of its
assets in issuers located in a single country or region. Risks may
be heightened for securities of companies located in, or with
significant operations in, emerging market countries. Because the
Fund invests in non-U.S. securities, you may lose money if the
local currency of a non-U.S. market depreciates against the U.S.
dollar.
The Fund invests in non-investment grade debt instruments,
commonly referred to as "high-yield securities". High-yield
securities are subject to greater market fluctuations and risk of
loss than securities with higher ratings. Lower-quality debt tends
to be less liquid than higher-quality debt.
The debt securities in which the Fund invests are subject to
certain risks, including issuer risk, reinvestment risk, prepayment
risk, credit risk, and interest rate risk. Issuer risk is the risk
that the value of fixed-income securities may decline for a number
of reasons which directly relate to the issuer. Reinvestment risk
is the risk that income from the Fund's portfolio will decline if
the Fund invests the proceeds from matured, traded or called bonds
at market interest rates that are below the Fund portfolio's
current earnings rate. Prepayment risk is the risk that, upon a
prepayment, the actual outstanding debt on which the Fund derives
interest income will be reduced. Credit risk is the risk that an
issuer of a security will be unable or unwilling to make dividend,
interest and/or principal payments when due and that the value of a
security may decline as a result. Interest rate risk is the risk
that fixed-income securities will decline in value because of
changes in market interest rates.
Investments in securities of issuers located in emerging market
countries are considered speculative and there is a heightened risk
of investing in emerging markets securities. Financial and other
reporting by companies and government entities also may be less
reliable in emerging market countries. Shareholder claims that are
available in the U.S., as well as regulatory oversight and
authority that is common in the U.S., including for claims based on
fraud, may be difficult or impossible for shareholders of
securities in emerging market countries or for U.S. authorities to
pursue.
The ability of a government issuer, especially in an emerging
market country, to make timely and complete payments on its debt
obligations will be strongly influenced by the government issuer's
balance of payments, including export performance, its access to
international credits and investments, fluctuations of interest
rates and the extent of its foreign reserves.
Forward foreign currency exchange contracts involve certain
risks, including the risk of failure of the counterparty to perform
its obligations under the contract and the risk that the use of
forward contracts may not serve as a complete hedge because of an
imperfect correlation between movements in the prices of the
contracts and the prices of the currencies hedged.
To the extent a fund invests in floating or variable rate
obligations that use the London Interbank Offered Rate ("LIBOR") as
a reference interest rate, it is subject to LIBOR Risk. The United
Kingdom's Financial Conduct Authority, which regulates LIBOR, will
cease making LIBOR available as a reference rate over a phase-out
period that will begin immediately after December 31, 2021. The
unavailability or replacement of LIBOR may affect the value,
liquidity or return on certain fund investments and may result in
costs incurred in connection with closing out positions and
entering into new trades. Any potential effects of the transition
away from LIBOR on the fund or on certain instruments in which the
fund invests can be difficult to ascertain, and they may vary
depending on a variety of factors, and they could result in losses
to the fund.
On June 23, 2016, the United Kingdom voted via referendum to
leave the European Union, an event commonly referred to as
"Brexit." Brexit immediately led to significant market volatility
around the world, as well as political, economic, and legal
uncertainty. Approximately one year after the United Kingdom
officially departed the European Union, the United Kingdom and the
European Union reached a trade agreement that became effective on
December 31, 2020. Under the terms of the trade deal, there will be
no tariffs or quotas on the movement of goods between the United
Kingdom and Europe. There can be no assurance that the new trade
agreement will improve the instability in global financial markets
caused by Brexit. At this time, it is difficult to predict what the
longer term ramifications and political, economic, and legal
implications will be as a result of Brexit, including the impact on
the Fund's portfolio holdings. The negative impact on not only the
United Kingdom and European economies, but the broader global
economy, could be significant, potentially resulting in increased
volatility and illiquidity and lower economic growth for companies
that rely significantly on Europe for their business activities and
revenues.
Use of leverage can result in additional risk and cost, and can
magnify the effect of any losses.
The risks of investing in the Fund are spelled out in the
shareholder reports and other regulatory filings.
The information presented is not intended to constitute an
investment recommendation for, or advice to, any specific person.
By providing this information, First Trust is not undertaking to
give advice in any fiduciary capacity within the meaning of ERISA,
the Internal Revenue Code or any other regulatory framework.
Financial professionals are responsible for evaluating investment
risks independently and for exercising independent judgment in
determining whether investments are appropriate for their
clients.
The Fund's daily closing New York Stock Exchange price and net
asset value per share as well as other information can be found at
www.ftportfolios.com or by calling 1-800-988-5891.
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version on businesswire.com: https://www.businesswire.com/news/home/20210520006069/en/
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