First Trust Announces Adjournment of the Joint Special Meeting of Shareholders Relating to the Reorganizations of First Trust High Income Long/Short Fund and First Trust/abrdn Global Opportunity Income Fund
18 Abril 2024 - 3:10PM
Business Wire
First Trust Advisors L.P. (“FTA”) announced today that the joint
special meeting of shareholders of each of First Trust High Income
Long/Short Fund (NYSE: FSD) and First Trust/abrdn Global
Opportunity Income Fund (NYSE: FAM) (each, a “Fund” and
collectively, the “Funds”) held on April 18, 2024 has been
adjourned in order to permit additional solicitation of
shareholders of each Fund and to allow shareholders additional time
to vote on the respective reorganizations of the Funds with and
into abrdn Income Credit Strategies Fund (“ACP”). The joint special
meeting of shareholders of the Funds will reconvene on Thursday,
May 30, 2024 at 12:30 Central time in the offices of FTA at 120
East Liberty Drive, Suite 400, Wheaton, Illinois (the
“Meeting”).
Shareholders of record of each Fund as of the close of business
on October 23, 2023, are entitled to vote at the Meeting. Whether
or not shareholders plan to attend the Meeting, it is important
that their shares be represented and voted at the Meeting.
Shareholders may vote their shares by one of the methods described
in the proxy materials previously mailed to them, which includes a
combined proxy statement and prospectus (the “proxy statement”).
The proxy statement contains important information regarding the
proposed reorganizations and shareholders of the Fund are urged to
read the proxy statement and accompanying materials carefully. The
proxy statement is also available at
https://www.ftportfolios.com/Common/ContentFileLoader.aspx?ContentGUID=e7273425-e2a9-48b7-bb6d-73153c910a7a
and the Securities and Exchange Commission’s website at
www.sec.gov. If shareholders have any questions regarding the
proposals, or need assistance voting, they may call EQ Fund
Solutions, LLC at (866) 620-8437. The Boards of Trustees of the
Funds believe the reorganizations are in the best interests of the
Fund and recommend that shareholders of each Fund vote “FOR” the
reorganization.
FTA is a federally registered investment advisor and serves as
the investment advisor of the Fund. 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 $226 billion as of March 31, 2024 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.
In the United States, abrdn is the marketing name for the
following affiliated, registered investment advisers: abrdn Inc.,
abrdn Investments Limited, abrdn Asia Limited, abrdn Private Equity
(Europe) Limited and abrdn ETFs Advisors LLC.
Additional Information / Forward-Looking Statements
This press release is not intended to, and shall not, constitute
an offer to purchase or sell shares of the Funds or ACP; nor is
this press release intended to solicit a proxy from any shareholder
of the Funds. The Funds and their trustees and officers, FTA, abrdn
and certain of their respective officers and employees, and other
persons may be deemed under the rules of the Securities and
Exchange Commission to be participants in the solicitation of
proxies from shareholders in connection with the matters described
above. Information about each Fund’s trustees and officers, FTA and
its officers and employees, and other persons may be found in the
proxy statement.
Certain statements made in this news release that are not
historical facts are referred to as “forward-looking statements”
under the U.S. federal securities laws. Actual future results or
occurrences may differ significantly from those anticipated in any
forward-looking statements due to numerous factors. Generally, the
words “believe,” “expect,” “intend,” “estimate,” “anticipate,”
“project,” “will” and similar expressions identify forward-looking
statements, which generally are not historical in nature.
Forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ from the
historical experience of FTA and the funds managed by FTA and its
present expectations or projections. You should not place undue
reliance on forward-looking statements, which speak only as of the
date they are made. FTA, the Funds and ACP undertake no
responsibility to update publicly or revise any forward-looking
statements.
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Jeff Margolin – (630) 517-7643 Daniel Lindquist – (630) 765-8692
Chris Fallow – (630) 517-7628
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