First Trust Advisors L.P. (“FTA”) today announced the results of the special meeting of shareholders for Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE: MFD) held on August 22, 2024.
Shareholders have approved the reorganization of MFD into abrdn Global Infrastructure Income Fund (“ASGI”). This follows the Board of Trustees’ approval on October 23, 2023. The reorganization is anticipated to close on September 20, 2024, or as soon as possible thereafter, pending satisfaction of standard closing conditions. Upon completion, MFD’s assets will be transferred to ASGI, and MFD’s liabilities will be assumed by ASGI. MFD shareholders will receive ASGI shares equivalent to the net asset value of their MFD shares.
FTA, a federally registered investment advisor, oversees the Fund’s management. With approximately $235 billion in assets under management or supervision as of July 31, 2024, FTA, along with its affiliate First Trust Portfolios L.P. (“FTP”), provides a range of investment services. FTP is also involved in the distribution of mutual fund shares and ETF creation units. Both firms are headquartered in Wheaton, Illinois.
