First Trust/abrdn Global Opportunity Income Fund rescinds control share by-law

FIRST TRUST/ABRDN GLOBAL OPPORTUNITY INCOME FUND

Board of Trustees rescinded control share by-law effective June 22, 2023, removing voting restrictions on control share acquisitions.
Change applies to all 14 First Trust closed-end funds listed in the press release, including FAM, MFD, FCT, FEN, and others.
Previously, holders in a Control Share Acquisition could vote only if authorized by non-interested shareholders.
After rescission, all prior and new purchases of shares are no longer subject to control share limitations.
The Board determined the rescission consistent with the best interests of each fund.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

FIRST TRUST/ABRDN GLOBAL OPPORTUNITY INCOME FUND: Rescinded control share provisions (Article XII) and made conforming amendments to the bylaws (effective 2023-06-22).

Change: bylaw amendment
Effective: 2023-06-22

Exact text from the filing

On June 22, 2023, the Board of Trustees of First Trust/abrdn Global Opportunity Income Fund amended and restated its existing Amended and Restated By-Laws (and as so amended and restated, the “By-Laws”), effective immediately. The By-Laws were revised to rescind Article XII and its accompanying control share provisions, along with other conforming amendments.

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Source: SEC EDGAR

accession 0001445546-23-004057

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