On May 31, 2024, First Trust Advisors L.P. announced that 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 of FSD with and into abrdn Income Credit Strategies Fund (ACP), a diversified, closed-end management investment company organized as a Delaware statutory trust.

As previously announced, the reorganization was approved by the Board of Trustees of FSD on October 23, 2023. Subject to the satisfaction of certain customary closing conditions, the reorganization of FSD into ACP is expected to close by the end of July 2024, or as soon as practicable thereafter. No assurance can be given as to the exact closing of the transaction.

Upon the completion of the reorganization, which is expected to be tax-free, the assets of FSD will be transferred to, and the liabilities of FSD will be assumed by, ACP. The shareholders of FSD will receive shares of ACP with a value equal to the aggregate net asset value of the shares of FSD held by them. The special meeting of shareholders of FAM has been adjourned in order to permit additional solicitation of shareholders of FAM and to allow shareholders additional time to vote on the reorganization of FAM with and into ACP.

The special meeting of shareholders of FAM will reconvene on Tuesday, June 18, 2024, at 12:30 Central time in the offices of FTA at 120 East Liberty Drive, Suite 400, Wheaton, Illinois.