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PHILADELPHIA & WHEATON, Ill., September 23, 2024--(BUSINESS WIRE)--abrdn Income Credit Strategies Fund (NYSE: ACP) ("ACP") and abrdn Global Infrastructure Income Fund (NYSE: ASGI) (each, an "Acquiring Fund") announce today the completed reorganizations, after close of regular business on September 20, 2024, of First Trust/abrdn Global Opportunity Income Fund (NYSE: FAM) and Macquarie/First Trust Global Infrastructure/ Utilities Dividend & Income Fund (NYSE: MFD) (each, an "Acquired Fund").

In the reorganizations, common shareholders of each Acquired Fund, respectively, received an amount of Acquiring Fund common shares with a net asset value equal to the aggregate net asset value of their holdings of the relevant Acquired Fund common shares, as determined at the close of regular business on September 20, 2024.

Relevant details pertaining to the reorganization are as follows:

There are no proposed changes to the current investment objective, strategies, structure, or policies of the either Acquiring Fund as a result of the reorganization.

abrdn welcomes the First Trust shareholders to the abrdn Fund family. As a leading global asset manager, abrdn is dedicated to creating long-term value for our clients. As of June 30, 2024, abrdn manages over $466.8 billion in assets on behalf of institutional and retail clients worldwide and believes that our global footprint ensures that we are always close to our clients and the challenges they face. For more information on the abrdn range of open- end and closed-end mutual funds please visit abrdn.com/us.

Important Information

In the United States, abrdn is the marketing name for the following affiliated, registered investment advisers: abrdn Inc., abrdn Investments Limited, and abrdn Asia Limited.

First Trust Advisors LP. ("FTA") is a federally registered investment advisor and served as the investment advisor of each Acquired Fund. FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker- dealer, are privately-held companies that provide a variety of investment services. FTA has collective assets under management or supervision of approximately $228 billion as of June 30, 2024, through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds, and separate managed accounts.

FTA is the supervisor of the First Trust unit investment trusts, while FTP is the sponsor. FTP is also a distributor of mutual fund shares and exchange-traded fund creation units. FTA and FTP are based in Wheaton, Illinois.