First Trust/abrdn Global Opportunity Income Fund Declares its Monthly Common Share Distribution of $0.045 Per Share for January
First Trust/abrdn Global Opportunity Income Fund has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.045 per share payable on January 17, 2023,... |…
First Trust/abrdn International Opportunity Income Fund (the Fund) (NYSE: FAM has declared the Fund’s monthly common share distribution of $0.045 per share to be payable January 17, 2023 to shareholders who were registered as of January 4, 20,23. The ex-dividend date will be January 3, 2023. Below is the Fund's monthly distribution information.
First Trust/abrdn Global Opportunity Income Fund (FAM):
Distribution per share:
Distribution Rate based on the December 19, 2022 NAV of $6.71:
Distribution Rate based on the December 19, 2022 closing market price of $5.96:
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 2023 will be made after the end of 2023 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 $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.
abrdn Inc. (formerly Aberdeen Standard Investments Inc.) ("abrdn") serves as the Fund's investment sub-advisor. abrdn is an indirect wholly-owned subsidiary of abrdn plc. abrdn is the brand name for the asset management group of abrdn plc, managing approximately $469.2 billion in assets as of June 30, 2022 for a range of pension funds, financial institutions, investment trusts, unit trusts, offshore funds, charities and private clients.
Principal Risk Factors: Risks are inherent in all investing. Certain risks applicable to the Fund are identified below, which includes the risk that you could lose some or all of your investment in the Fund. The principal risks of investing in the Fund are spelled out in the Fund's annual shareholder reports. The order of the below risk factors does not indicate the significance of any particular risk factor. The Fund also files reports, proxy statements and other information that is available for review.
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.
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. In February 2022, Russia invaded Ukraine which has caused and could continue to cause significant market disruptions and volatility within the markets in Russia, Europe, and the United States. The hostilities and sanctions resulting from those hostilities could have a significant impact on certain fund investments as well as fund performance. The COVID-19 global pandemic and the ensuing policies enacted by governments and central banks have caused and may continue to cause significant volatility and uncertainty in global financial markets. While the U.S. has resumed "reasonably" normal business activity, many countries continue to impose lockdown measures. Additionally, there is no guarantee that vaccines will be effective against emerging variants of the disease.
The Fund invests in securities issued by non-U.S. companies that are more volatile than those issued by U.S. companies. From time to time, the Fund may invest a significant amount of its assets with issuers in one country or region. Securities of companies with significant operations or located in emerging markets may pose greater risks. The Fund invests in non U.S. securities. You may lose money if the currency of an emerging market country depreciates against the U.S. Dollar.
The Fund invests in high-yield securities, which are non-investment-grade debt instruments. Securities with high-yield ratings are more susceptible to market fluctuations and have a greater risk of losing than securities with lower ratings. Liquidity is less important for lower-quality debt than for higher-quality ones.
There are risks associated with the debt securities that the Fund invests in, such as issuer risk and reinvestment risk. There is a risk that fixed-income securities' value will decline due to a variety of factors directly related to the issuer. If the Fund invests proceeds from maturing, traded or called bonds at market rates below the Fund portfolio’s current earnings rate, reinvestment risk means that income from the Fund's Portfolio could decline. Prepayment risk refers to the possibility that the Fund's actual interest income from outstanding debt will be decreased if the Fund makes a prepayment. Credit risk refers to the possibility that an issuer may not be able or willing to pay dividends, interest, and/or principal payments as due. As a result, the security's value could decline. Interest rate risk refers to the possibility that fixed-income securities may lose value due to 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 has ceased making LIBOR available as a reference rate over a phase-out period that began December 31, 2021. There is no assurance that any alternative reference rate, including the Secured Overnight Financing Rate ("SOFR") will be similar to or produce the same value or economic equivalence as LIBOR or that instruments using an alternative rate will have the same volume or liquidity. 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.
Political or economic disruptions in European countries, even in countries in which a fund is not invested, may adversely affect security values and thus the fund's holdings. A significant number of countries in Europe are member states in the European Union, and the member states no longer control their own monetary policies. In these member states, the authority to direct monetary policies, including money supply and official interest rates for the Euro, is exercised by the European Central Bank. The implications of the United Kingdom's withdrawal from the European Union are difficult to gauge and cannot yet be fully known.
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 URL or by calling 1-800-988-5891.
View source version on businesswire.com: URL