First Trust/Aberdeen Global Opportunity Income Fund Decreases its Monthly Common Share Distribution to $0.11 Per Share for March

WHEATON, Ill.--()--First Trust/Aberdeen Global Opportunity Income Fund (the “Fund”) (NYSE: FAM) has decreased its regularly scheduled monthly common share distribution to $0.11 per share from $0.13 per share. The distribution is payable on March 17, 2014 to shareholders of record as of March 5, 2014. The ex-dividend date is expected to be March 3, 2014. The monthly distribution information for the Fund appears below.

First Trust/Aberdeen Global Opportunity Income Fund (FAM):

       
Distribution per share: $0.11
Distribution Rate based on the February 19, 2014 NAV of $14.99: 8.81%
Distribution Rate based on the February 19, 2014 closing market price of $14.13: 9.34%
Decrease from previous distribution of $0.13: -15.38%
 

The investment objective of the Fund is to seek a high level of current income and capital appreciation. Since the inception of the Fund in November 2004, the Fund has maintained a monthly distribution of $0.13 per share. However, given the reduction in interest rates since the Fund was launched and expectations of yields in the foreseeable future, a reduction of the distribution from $0.13 to $0.11 per share will bring distributions more in line with the current earnings potential of the Fund.

The majority, and possibly all, of this distribution will be paid out of net investment income earned by the Fund. A portion of this distribution may come from net short-term realized capital gains or return of capital. The final determination of the source and tax status of all 2014 distributions will be made after the end of 2014.

The Fund is a diversified, closed-end management investment company that seeks to provide 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.

First Trust Advisors L.P., the Fund’s investment advisor, along with its affiliate, First Trust Portfolios L.P., are privately-held companies which provide a variety of investment services, including asset management and financial advisory services, with collective assets under management or supervision of approximately $86 billion as of January 31, 2014, through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.

Aberdeen Asset Management Inc. (“Aberdeen”) serves as the Fund’s investment sub-advisor. Aberdeen is a wholly owned subsidiary of Aberdeen Asset Management PLC which is the parent company of an asset management group managing approximately $320.6 billion in assets as of December 31, 2013, including approximately $57.7 billion in global fixed-income securities, for a range of pension funds, financial institutions, investment trusts, unit trusts, offshore funds, charities and private clients.

Past performance is no assurance of future results. Investment return and market value of an investment in the Fund will fluctuate. Shares, when sold, may be worth more or less than their original cost.

Principal Risk Factors: Investment in this Fund involves investment and market risk, management risk, non-investment grade securities risk, fixed-income securities risk, U.S. and non-U.S. interest rate risk, U.S. and non-U.S. government securities risk, country risk, currency risk, leverage risk, market discount risk, portfolio turnover risk, and illiquid/restricted securities risk. Non-investment grade debt issues are considered speculative with respect to the issuer’s ability to pay interest and repay principal which may result in a reduction of the Fund’s NAV. Investment in foreign government debt may include bonds issued by countries considered to be emerging markets which may affect the volatility of the Fund’s NAV. The risks of investing in the Fund are spelled out in the prospectus, shareholder reports and other regulatory filings.

The Fund’s daily closing New York Stock Exchange price and net asset value per share as well as other information can be found at www.ftportfolios.com or by calling 1-800-988-5891.

Contacts

First Trust/Aberdeen Global Opportunity Income Fund
Press Inquiries: Jane Doyle, 630-765-8775
Analyst Inquiries: Jeff Margolin, 630-915-6784
Broker Inquiries: Jeff Margolin, 630-915-6784

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Contacts

First Trust/Aberdeen Global Opportunity Income Fund
Press Inquiries: Jane Doyle, 630-765-8775
Analyst Inquiries: Jeff Margolin, 630-915-6784
Broker Inquiries: Jeff Margolin, 630-915-6784