On May 31, 2024, First Trust Advisors L.P. announced the results of the joint special meeting of shareholders of each of First Trust High Income Long/Short Fund (FSD) and First Trust/abrdn Global Opportunity Income Fund (FAM and collectively with FSD, the Funds) held on May 30, 2024. First Trust stated that that the shareholders of FSD, have approved the reorganization of FSD with and into abrdn Income Credit Strategies Fund (ACP). 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. In addition, 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.