WHEATON, Ill.--(BUSINESS WIRE)--
First Trust/Aberdeen Global Opportunity Income Fund (the “Fund”) (NYSE:
FAM) has decreased its regularly scheduled monthly common share
distribution to $0.11 per share from $0.13 per share. The distribution
is payable on March 17, 2014 to shareholders of record as of March 5,
2014. The ex-dividend date is expected to be March 3, 2014. The monthly
distribution information for the Fund appears below.
First Trust/Aberdeen Global Opportunity
Income Fund (FAM):
Distribution per share:
Distribution Rate based on the February 19, 2014 NAV of $14.99:
Distribution Rate based on the February 19, 2014 closing market
price of $14.13:
Decrease from previous distribution of $0.13:
The investment objective of the Fund is to seek a high level of current
income and capital appreciation. Since the inception of the Fund in
, the Fund has maintained a monthly distribution of $0.13
per share. However, given the reduction in interest rates since the Fund
was launched and expectations of yields in the foreseeable future, a
reduction of the distribution from $0.13
per share will bring
distributions more in line with the current earnings potential of the
The majority, and possibly all, of this distribution will be paid out of
net investment income earned by the Fund. A portion of this distribution
may come from net short-term realized capital gains or return of
capital. The final determination of the source and tax status of all
2014 distributions will be made after the end of 2014.
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.
, the Fund’s investment advisor, along with its
affiliate, First Trust Portfolios L.P.
, are privately-held companies
which provide a variety of investment services, including asset
management and financial advisory services, with collective assets under
management or supervision of approximately $86 billion
as of January 31,
, through unit investment trusts, exchange-traded funds, closed-end
funds, mutual funds and separate managed accounts.
Aberdeen Asset Management Inc.
(“Aberdeen”) serves as the Fund’s
investment sub-advisor. Aberdeen is a wholly owned subsidiary of
Aberdeen Asset Management PLC which is the parent company of an asset
management group managing approximately $320.6 billion
in assets as of
December 31, 2013
, including approximately $57.7 billion
fixed-income securities, 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.
Principal Risk Factors: Investment in this Fund involves investment and
market risk, management risk, non-investment grade securities risk,
fixed-income securities risk, U.S. and non-U.S. interest rate risk, U.S.
and non-U.S. government securities risk, country risk, currency risk,
leverage risk, market discount risk, portfolio turnover risk, and
illiquid/restricted securities risk. Non-investment grade debt issues
are considered speculative with respect to the issuer’s ability to pay
interest and repay principal which may result in a reduction of the
Fund’s NAV. Investment in foreign government debt may include bonds
issued by countries considered to be emerging markets which may affect
the volatility of the Fund’s NAV. The risks of investing in the Fund are
spelled out in the prospectus, shareholder reports and other regulatory
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.
First Trust/Aberdeen Global Opportunity Income Fund
Inquiries: Jane Doyle
Analyst Inquiries: Jeff
Broker Inquiries: Jeff Margolin
Source: First Trust/Aberdeen Global Opportunity Income Fund