Abrdn and First Trust Finalize Fund Reorganizations

PHILADELPHIA, PA AND WHEATON, IL / ACCESSWIRE / September 23, 2024 / abrdn Income Credit Strategies Fund (NYSE:ACP) and abrdn Global Infrastructure Income Fund (NYSE:ASGI) announce the completed reorganizations of the First Trust/abrdn Global Opportunity Income Fund (NYSE:FAM) and Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE:MFD). The reorganizations concluded after the close of regular business on September 20, 2024.

Common shareholders of the Acquired Funds received Acquiring Fund common shares with a net asset value equal to their holdings as of September 20, 2024. abrdn welcomes the First Trust shareholders to its family. As of June 30, 2024, abrdn manages over $466.8 billion in assets globally.

First Trust Advisors LP served as the investment advisor for the Acquired Funds. FTA and its affiliate, First Trust Portfolios L.P., manage approximately $228 billion in assets as of June 30, 2024. The reorganization involved no changes to the investment objectives or policies of the Acquiring Funds.