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    First Trust/Abrdn Global Opportunity Income Fund (FAM)

    Price:

    6.51 USD

    ( - -0.07 USD)

    Your position:

    0 USD

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    ABOUT
    Symbol
    FAM
    Name
    First Trust/Abrdn Global Opportunity Income Fund
    Industry
    Asset Management - Income
    Sector
    Financial Services
    Price
    6.510
    Market Cap
    66.032M
    Enterprise value
    78.834M
    Currency
    USD
    Ceo
    Kevin Daly
    Full Time Employees
    Ipo Date
    2004-11-24
    City
    Wheaton
    Address
    120 East Liberty Drive

    Check the

    KEY TAKEAWAYS

    ASK OUR AI ABOUT THE COMPANY (REGISTER FOR EARLY ACCESS)
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    SIMILAR COMPANIES STI SCORE

    Similar STI Score

    Nuveen Preferred Securities Income Fund

    VALUE SCORE:

    0

    Symbol
    JPS
    Market Cap
    1.277B
    Industry
    Asset Management - Income
    Sector
    Financial Services

    2nd position

    The Gabelli Dividend & Income Trust

    VALUE SCORE:

    13

    Symbol
    GDV-PH
    Market Cap
    2.405B
    Industry
    Asset Management - Income
    Sector
    Financial Services

    The best

    The Gabelli Dividend & Income Trust

    VALUE SCORE:

    13

    Symbol
    GDV-PK
    Market Cap
    2.405B
    Industry
    Asset Management - Income
    Sector
    Financial Services
    FUNDAMENTALS
    P/E
    7.239
    P/S
    -253.241
    P/B
    0.941
    Debt/Equity
    0.237
    EV/FCF
    34.866
    Price to operating cash flow
    -1.000
    Price to free cash flow
    -1.000
    EV/sales
    -313.226
    Earnings yield
    0.138
    Debt/assets
    0.190
    FUNDAMENTALS
    Net debt/ebidta
    1.457
    Interest coverage
    8.701
    Research And Developement To Revenue
    0.000
    Intangile to total assets
    0
    Capex to operating cash flow
    0
    Capex to revenue
    0
    Capex to depreciation
    0
    Return on tangible assets
    0.104
    Debt to market cap
    0.252
    Piotroski Score
    5.000
    FUNDAMENTALS
    PEG
    -0.125
    P/CF
    28.189
    P/FCF
    28.189
    RoA %
    10.408
    RoIC %
    11.220
    Gross Profit Margin %
    498.002
    Quick Ratio
    31.568
    Current Ratio
    31.568
    Net Profit Margin %
    -3.498k
    Net-Net
    -0.938
    FUNDAMENTALS PER SHARE
    FCF per share
    0.231
    Revenue per share
    -0.026
    Net income per share
    0.899
    Operating cash flow per share
    0.231
    Free cash flow per share
    0.231
    Cash per share
    0.628
    Book value per share
    6.922
    Tangible book value per share
    6.922
    Shareholders equity per share
    6.922
    Interest debt per share
    1.750
    TECHNICAL
    52 weeks high
    6.740
    52 weeks low
    5.430
    Current trading session High
    6.590
    Current trading session Low
    6.480
    DIVIDEND
    Dividend yield
    0.00%
    Payout ratio
    73.4%
    Years of div. Increase
    1.000
    Years of div.
    20.000
    Q-shift
    Dividend per share
    0
    SIMILAR COMPANIES
    logo

    Country
    Sector
    Financial Services
    Industry
    Asset Management - Bonds
    Dividend yield
    0%
    Payout Ratio
    0%
    P/E
    6.821

    No data to display

    logo

    Country
    US
    Sector
    Financial Services
    Industry
    Asset Management - Income
    Dividend yield
    0%
    Payout Ratio
    71.57639999999999%
    P/E
    16.561

    No data to display

    logo

    Country
    US
    Sector
    Financial Services
    Industry
    Asset Management
    Dividend yield
    0%
    Payout Ratio
    -166.83978%
    P/E
    -11.542

    No data to display

    logo

    Country
    US
    Sector
    Financial Services
    Industry
    Asset Management
    Dividend yield
    0.17409639%
    Payout Ratio
    43.982147999999995%
    P/E
    5.001

    No data to display

    logo

    Country
    US
    Sector
    Financial Services
    Industry
    Asset Management - Income
    Dividend yield
    0%
    Payout Ratio
    549.2187%
    P/E
    58.011

    No data to display

    DESCRIPTION

    First Trust/Abrdn Global Opportunity Income Fund is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Aberdeen Asset Management Inc. The fund invests in the fixed income markets across the globe. It primarily invests in investment grade and below-investment grade government and corporate debt securities. The fund benchmarks the performance of its portfolio against the Barclays Capital Global Emerging Markets Index, Barclays Capital Global Aggregate Index and a blended index comprising of 40% of the Citigroup World Government Bond Index, 30% of the JPMorgan Emerging Markets Bond Index – Global Diversified and 30% of the JPMorgan Global Bond Index - Emerging Markets Diversified. It invests in fixed income securities with average credit quality rating of BBB- or higher. First Trust/Abrdn Global Opportunity Income Fund was formed on November 23, 2004 and is domiciled in the United States.

    NEWS
    https://images.financialmodelingprep.com/news/abrdn-income-credit-strategies-fund-announces-closing-date-for-20240822.jpg
    abrdn Income Credit Strategies Fund Announces Closing Date for Acquisition of Assets From First Trust/abrdn Global Opportunity Income Fund

    accesswire.com

    2024-08-22 17:20:00

    PHILADELPHIA, PA / ACCESSWIRE / August 22, 2024 / The Board of Trustees of abrdn Income Credit Strategies Fund (NYSE:ACP) ("ACP" or the "Acquiring Fund"), previously announced 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") and today announces that the Reorganization is expected to close at the close of business on September 20, 2024, or as soon as practicable thereafter, subject to the satisfaction of customary closing conditions.

    https://images.financialmodelingprep.com/news/abrdn-income-credit-strategies-fund-announces-update-and-tentative-20240726.jpg
    abrdn Income Credit Strategies Fund Announces Update and Tentative Closing Date for Acquisition of Assets From First Trust/abrdn Global Opportunity Income Fund

    accesswire.com

    2024-07-26 07:15:00

    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.

    https://images.financialmodelingprep.com/news/first-trustabrdn-global-opportunity-income-fund-declares-its-monthly-20240620.jpg
    First Trust/abrdn Global Opportunity Income Fund Declares its Monthly Common Share Distribution of $0.06 Per Share for July

    businesswire.com

    2024-06-20 16:10:00

    WHEATON, Ill.--(BUSINESS WIRE)--First Trust/abrdn Global Opportunity Income Fund (the "Fund") (NYSE: FAM) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.06 per share payable on July 15, 2024, to shareholders of record as of July 1, 2024. The ex-dividend date is expected to be July 1, 2024. The monthly distribution information for the Fund appears below. First Trust/abrdn Global Opportunity Income Fund (FAM): Distribution per share: $0.06 Distri.

    https://images.financialmodelingprep.com/news/first-trust-announces-adjournment-of-special-meeting-of-shareholders-relating-to-20240618.jpg
    First Trust Announces Adjournment of Special Meeting of Shareholders Relating to the Reorganization of First Trust/abrdn Global Opportunity Income Fund with and into abrdn Income Credit Strategies Fund

    businesswire.com

    2024-06-18 16:10:00

    WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that the special meeting of shareholders of First Trust/abrdn Global Opportunity Income Fund (NYSE: FAM) (the “Fund”) held on June 18, 2024 has been adjourned in order to permit additional solicitation of shareholders and to allow shareholders additional time to vote on the reorganization of the Fund with and into abrdn Income Credit Strategies Fund (“ACP”). The special meeting of shareholders of the Fund will rec.

    https://images.financialmodelingprep.com/news/first-trust-announces-results-of-joint-special-meeting-of-20240531.jpg
    First Trust Announces Results of Joint Special Meeting of Shareholders Relating to the Reorganizations of First Trust High Income Long/Short Fund and First Trust/abrdn Global Opportunity Income Fund with and into abrdn Income Credit Strategies Fund

    businesswire.com

    2024-05-31 09:25:00

    WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today the results of the joint special meeting of shareholders of each of First Trust High Income Long/Short Fund (NYSE: FSD) (“FSD”) and First Trust/abrdn Global Opportunity Income Fund (NYSE: FAM) (“FAM” and collectively with FSD, the “Funds”) held on May 30, 2024. Shareholders of FSD, a diversified, closed-end management investment company organized as a Massachusetts business trust, have approved the reorganization.

    https://images.financialmodelingprep.com/news/first-trustabrdn-global-opportunity-income-fund-declares-its-monthly-20240422.jpg
    First Trust/abrdn Global Opportunity Income Fund Declares its Monthly Common Share Distribution of $0.06 Per Share for May

    businesswire.com

    2024-04-22 16:10:00

    WHEATON, Ill.--(BUSINESS WIRE)--First Trust/abrdn Global Opportunity Income Fund (the "Fund") (NYSE: FAM) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.06 per share payable on May 15, 2024, to shareholders of record as of May 2, 2024. The ex-dividend date is expected to be May 1, 2024. The monthly distribution information for the Fund appears below. First Trust/abrdn Global Opportunity Income Fund (FAM):       Distribution per share:     $0.06.

    https://images.financialmodelingprep.com/news/first-trust-announces-adjournment-of-the-joint-special-meeting-20240418.jpg
    First Trust Announces Adjournment of the Joint Special Meeting of Shareholders Relating to the Reorganizations of First Trust High Income Long/Short Fund and First Trust/abrdn Global Opportunity Income Fund

    businesswire.com

    2024-04-18 16:10:00

    WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that the joint special meeting of shareholders of each of First Trust High Income Long/Short Fund (NYSE: FSD) and First Trust/abrdn Global Opportunity Income Fund (NYSE: FAM) (each, a “Fund” and collectively, the “Funds”) held on April 18, 2024 has been adjourned in order to permit additional solicitation of shareholders of each Fund and to allow shareholders additional time to vote on the respective reorganizatio.

    https://images.financialmodelingprep.com/news/first-trustabrdn-global-opportunity-income-fund-declares-its-monthly-20240320.jpg
    First Trust/abrdn Global Opportunity Income Fund Declares its Monthly Common Share Distribution of $0.06 Per Share for April

    businesswire.com

    2024-03-20 16:10:00

    WHEATON, Ill.--(BUSINESS WIRE)--First Trust/abrdn Global Opportunity Income Fund (the "Fund") (NYSE: FAM) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.06 per share payable on April 15, 2024, to shareholders of record as of April 2, 2024. The ex-dividend date is expected to be April 1, 2024. The monthly distribution information for the Fund appears below. First Trust/abrdn Global Opportunity Income Fund (FAM): Distribution per share: $0.06 Dis.

    https://images.financialmodelingprep.com/news/first-trust-announces-adjournment-of-the-joint-special-meeting-20240307.jpg
    First Trust Announces Adjournment of the Joint Special Meeting of Shareholders

    businesswire.com

    2024-03-07 16:10:00

    WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that the joint special meeting of shareholders of each of First Trust High Income Long/Short Fund (NYSE: FSD) and First Trust/abrdn Global Opportunity Income Fund (NYSE: FAM) (each, a “Fund” and collectively, the “Funds”) held on March 7, 2024 has been adjourned in order to permit additional solicitation of shareholders of each Fund and to allow shareholders additional time to vote on the respective reorganization.

    https://images.financialmodelingprep.com/news/first-trust-announces-adjournment-of-special-meeting-of-shareholders-relating-20240220.jpg
    First Trust Announces Adjournment of Special Meeting of Shareholders Relating to the Reorganizations of First Trust High Income Long/Short Fund and First Trust/abrdn Global Opportunity Income Fund with and into abrdn Income Credit Strategies Fund

    businesswire.com

    2024-02-20 16:20:00

    WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that the joint special meeting of shareholders of each of First Trust High Income Long/Short Fund (NYSE: FSD) and First Trust/abrdn Global Opportunity Income Fund (NYSE: FAM) (each, a “Fund” and collectively, the “Funds”) held on February 20, 2024 has been adjourned in order to permit additional solicitation of shareholders of each Fund and to allow shareholders additional time to vote on the respective reorganiza.

    https://images.financialmodelingprep.com/news/first-trustabrdn-global-opportunity-income-fund-declares-its-monthly-20240220.jpg
    First Trust/abrdn Global Opportunity Income Fund Declares its Monthly Common Share Distribution of $0.06 Per Share for March

    businesswire.com

    2024-02-20 16:10:00

    WHEATON, Ill.--(BUSINESS WIRE)--First Trust/abrdn Global Opportunity Income Fund (the "Fund") (NYSE: FAM) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.06 per share payable on March 15, 2024, to shareholders of record as of March 4, 2024. The ex-dividend date is expected to be March 1, 2024. The monthly distribution information for the Fund appears below. First Trust/abrdn Global Opportunity Income Fund (FAM): Distribution per share: $0.06 Dis.

    https://images.financialmodelingprep.com/news/first-trustabrdn-global-opportunity-income-fund-declares-its-monthly-20240122.jpg
    First Trust/abrdn Global Opportunity Income Fund Declares its Monthly Common Share Distribution of $0.06 Per Share for February

    businesswire.com

    2024-01-22 16:10:00

    WHEATON, Ill.--(BUSINESS WIRE)--First Trust/abrdn Global Opportunity Income Fund (the "Fund") (NYSE: FAM) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.06 per share payable on February 15, 2024, to shareholders of record as of February 2, 2024. The ex-dividend date is expected to be February 1, 2024. The monthly distribution information for the Fund appears below. First Trust/abrdn Global Opportunity Income Fund (FAM):         Distribution per.

    https://images.financialmodelingprep.com/news/first-trustabrdn-global-opportunity-income-fund-declares-its-monthly-20231220.jpg
    First Trust/abrdn Global Opportunity Income Fund Declares its Monthly Common Share Distribution of $0.06 Per Share for January

    businesswire.com

    2023-12-20 16:10:00

    WHEATON, Ill.--(BUSINESS WIRE)--First Trust/abrdn Global Opportunity Income Fund (the "Fund") (NYSE: FAM) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.06 per share payable on January 16, 2024, to shareholders of record as of January 3, 2024. The ex-dividend date is expected to be January 2, 2024. The monthly distribution information for the Fund appears below. First Trust/abrdn Global Opportunity Income Fund (FAM): Distribution per share: $0.

    https://images.financialmodelingprep.com/news/first-trustabrdn-global-opportunity-income-fund-declares-its-monthly-20231120.jpg
    First Trust/abrdn Global Opportunity Income Fund Declares its Monthly Common Share Distribution of $0.06 Per Share for December

    businesswire.com

    2023-11-20 16:05:00

    WHEATON, Ill.--(BUSINESS WIRE)--First Trust/abrdn Global Opportunity Income Fund (the "Fund") (NYSE: FAM) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.06 per share payable on December 15, 2023, to shareholders of record as of December 4, 2023. The ex-dividend date is expected to be December 1, 2023. The monthly distribution information for the Fund appears below. First Trust/abrdn Global Opportunity Income Fund (FAM):         Distribution per.

    https://images.financialmodelingprep.com/news/first-trustabrdn-global-opportunity-income-fund-declares-its-monthly-common-20231023.jpg
    First Trust/abrdn Global Opportunity Income Fund Declares its Monthly Common Share Distribution of $0.06 Per Share for November

    businesswire.com

    2023-10-23 16:15:00

    WHEATON, Ill.--(BUSINESS WIRE)--First Trust/abrdn Global Opportunity Income Fund (the "Fund") (NYSE: FAM) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.06 per share payable on November 15, 2023, to shareholders of record as of November 2, 2023. The ex-dividend date is expected to be November 1, 2023. The monthly distribution information for the Fund appears below. First Trust/abrdn Global Opportunity Income Fund (FAM): Distribution per share:.

    https://images.financialmodelingprep.com/news/first-trustabrdn-global-opportunity-income-fund-declares-its-monthly-20230920.jpg
    First Trust/abrdn Global Opportunity Income Fund Declares its Monthly Common Share Distribution of $0.06 Per Share for October

    businesswire.com

    2023-09-20 16:10:00

    WHEATON, Ill.--(BUSINESS WIRE)--First Trust/abrdn Global Opportunity Income Fund (the "Fund") (NYSE: FAM) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.06 per share payable on October 16, 2023, to shareholders of record as of October 3, 2023. The ex-dividend date is expected to be October 2, 2023. The monthly distribution information for the Fund appears below. First Trust/abrdn Global Opportunity Income Fund (FAM): Distribution per share: $0.