Abrdn Income Credit Strategies Fund Announces Update and Tentative Closing Date for Acquisition of Assets From First Trust/abrdn Global Opportunity Income Fund
Abrdn Income Credit Strategies Fund Announces Update and Tentative Closing Date for Acquisition of Assets From First Trust/abrdn Global Opportunity Income Fund
PHILADELPHIA, PA / ACCESSWIRE / July 26, 2024 / The Board of Trustees of abrdn Income Credit Strategies Fund (NYSE:ACP), announces today that shareholders of First Trust/abrdn Global Opportunity Income Fund (NYSE:FAM) ("FAM" or the "Acquired Fund") advised by First Trust Advisors L.P. have approved the proposed reorganization into ACP ("Reorganization") which is targeted to be completed before the end of September or as soon as practicable thereafter, subject to the satisfaction of customary closing conditions.
美國費城時間2024年7月26日,abrdn Income Credit Strategies Fund基金董事會(NYSE:ACP)宣佈,由First Trust Advisors L.P.管理的First Trust/abrdn Global Opportunity Income Fund(NYSE:FAM)的股東已經批准了計劃中的向ACP基金的再組織("Reorganization"),該再組織計劃於9月底之前或儘可能快地在滿足常規收盤條件後完成。
To facilitate the Reorganization, all shares of FAM will cease trading on the New York Stock Exchange as of date to be announced in the coming weeks and FAM shareholders will be issued new issued shares of ACP. The Reorganization will occur based on the relative net asset values of the common shares of FAM. As of July 25, 2024, the combined net assets of ACP following the Reorganization will be approximately $830 million.
爲了促進基金再組織,FAm的所有股份將於未來幾周內在紐約股票交易所停止交易,FAm的股東將獲得由ACP發行的新股份。再組織將以FAm普通股的相對淨資產價值爲基礎進行。截至2024年7月25日,再組織後ACP的合併淨資產將約爲83000萬美元。
The Reorganization is expected to benefit each fund's shareholders in a number of important ways, providing greater opportunities to realize economies of scale by combining the funds' assets resulting in a larger fund. Additionally, the Reorganization is expected to help ensure the viability of the resulting combined fund by increasing scale, liquidity and marketability of the fund.
預計基金再組織將從多個重要方面使每個基金的股東受益,通過合併資產將提供更大的規模經濟效益機會,從而產生更大的基金。此外,預計再組織將通過提高基金的規模、流動性和市場性來確保合併後的基金的可行性。
Important Information
重要信息
In the United States, abrdn is the marketing name for the following affiliated, registered investment advisers: abrdn Inc., abrdn Investments Limited., abrdn Asia Limited, and abrdn ETFs Advisors LLC.
在美國,abrdn是以下附屬註冊投資顧問的營銷名稱:abrdn Inc.,abrdn Investments Limited.,abrdn Asia Limited和abrdn ETFs Advisors LLC。
The information in this press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities or the solicitation of any vote or approval in any jurisdiction pursuant to or in connection with the proposed transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
本新聞稿中的信息僅供參考,不構成出售或推銷任何證券或在擬議交易或其他情況下在任何司法管轄區內徵求任何投票或批准的要約,也不得違反適用法律在任何司法管轄區內出售、發行或轉讓證券。證券的發行不得以除符合《證券法》第10條要求的招股說明書外的任何方式進行。
Closed-end funds are traded on the secondary market through one of the stock exchanges. Each Acquiring Fund's investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund's portfolio. There is no assurance that each Acquiring Fund will achieve its investment objective. Past performance does not guarantee future results.
封閉式基金通過證券交易所之一在二級市場上交易。每個收購基金的投資回報和本金價值將波動,使投資者的股份可能比原始成本更高或更低。封閉式基金的股票可能交易高於(溢價)或低於(折價)基金組合的淨資產價值(NAV)。不能保證每個收購基金都能實現其投資目標。過去的績效不保證未來的結果。
If you wish to receive this information electronically, please contact Investor.Relations@abrdn.com
如果您希望以電子方式接收此信息,請聯繫Investor.Relations@abrdn.com。
abrdnacp.com
abrdnacp.com
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For More Information Contact:
abrdn U.S. Closed-End Funds
Investor Relations
1-800-522-5465
Investor.Relations@abrdn.com
欲知詳情,請聯繫:
abrdn美國封閉式基金
投資者關係
1-800-522-5465
Investor.Relations@abrdn.com
SOURCE: abrdn Income Credit Strategies Fund
來源:abrdn Income Credit Strategies Fund