WHEATON, Ill.--(BUSINESS WIRE)--First Trust/Aberdeen Global Opportunity Income Fund (NYSE: FAM) (the “Fund”) announced today that, based on voting results, shareholders of the Fund voted at the annual meeting of shareholders to elect Robert F. Keith as a Class I Trustee to continue to serve as a member of the Board of Trustees of the Fund for a three-year term. James A. Bowen, Niel B. Nielson, Richard E. Erickson and Thomas R. Kadlec are current and continuing Trustees of the Fund.
Additionally, shareholders voted at the annual meeting against a shareholder’s non-binding proposal requesting the Board of Trustees to consider authorizing a self-tender offer for all outstanding common shares of the Fund at or close to net asset value. The shareholder’s proposal also stated that if more than 50% of the Fund’s outstanding common shares were tendered, the tender offer should be cancelled and the Board should take steps necessary to liquidate, merge, or convert the Fund to an open-end mutual fund or exchange traded fund. According to the vote tally, the majority of shares voted at the annual meeting voted against the shareholder proposal and as a result, the shareholder proposal did not pass. Abstentions and broker non-votes were not considered votes cast and, therefore had no effect on the approval of the shareholder’s proposal.
The Fund is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek 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.
