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0.00314960629921239 0.00314960629921239 0.00314960629921239 0.00314960629921239 -0.00787401574803175 0.000787401574802993 0.00307086614173212 -1.3987061727561E-16
Stock impact report

First Trust Announces Results of Special Meeting of Shareholders Relating to the Reorganization of First Trust/abrdn Global Opportunity Income Fund with and into abrdn Income Credit Strate...

First Trust/abrdn Global Opportunity Income Fund Common Shares of Beneficial Interest (FAM) 
Company Research Source: Yahoo! Finance
First Trust/abrdn Global Opportunity Income Fund (NYSE: FAM) (the "Fund") held on July 25, 2024. Shareholders of FAM, a diversified, closed-end management investment company organized as a Massachusetts business trust, have approved the reorganization of FAM with and into abrdn Income Credit Strategies Fund ("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 by September 30, 2024, or as soon as practicable thereafter. No assurance can be given as to the exact closing of the transaction. 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 o Show less Read more
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