First Trust/abrdn Emerging Opportunity Fund Announces Termination and Liquidation
09 December 2022 - 1:25AM
Business Wire
First Trust/abrdn Emerging Opportunity Fund (NYSE: FEO) (the
“Fund”) completed its termination and liquidation following the
close of business on December 7, 2022. The termination and
liquidation was performed consistent with the Fund’s plan of
liquidation and termination announced on September 20, 2022.
Accordingly, on December 7, 2022, the Fund returned to holders of
its common shares of beneficial interest (“Common Shares”) as a
liquidating distribution in cash the Fund’s net asset value per
Common Share of $9.635572. As previously announced, the Fund had
designated the close of business on December 5, 2022 as the record
date for determining the shareholders entitled to receive such
liquidating distribution.
Shareholders may recognize gain or loss for U.S. tax purposes as
a result of the Fund’s liquidation. Investors should consult a
professional tax advisor regarding their specific tax
situation.
First Trust Advisors L.P. (“FTA”) is a federally registered
investment advisor and served 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 $199 billion as of
November 30, 2022 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. For more information, visit
https://www.ftportfolios.com.
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