First Trust Advisors L.P. Announces Portfolio Manager Update for First Trust/Aberdeen Global Opportunity Income Fund and First Trust/Aberdeen Emerging Opportunity Fund

WHEATON, Ill.–(BUSINESS WIRE)–First Trust Advisors L.P. (“FTA”) announced today that Aberdeen Asset
Management Inc. (“Aberdeen”), investment sub-advisor for First
Trust/Aberdeen Global Opportunity Income Fund (NYSE: FAM) and First
Trust/Aberdeen Emerging Opportunity Fund (NYSE: FEO) (each a
“Fund” or collectively, the “Funds”), will release an update on the
market and the Funds for financial advisors and investors. The update
will be available Tuesday, September 25, 2018,
at 5:00 P.M. Eastern Time until 11:59 P.M. Eastern Time on Wednesday,
October 24, 2018
. To listen to the update, follow these
instructions:

— Dial: (888) 203-1112; International (719) 457-0820; and Passcode #
3806201. The update will be available from Tuesday, September 25, 2018,
at 5:00 P.M. Eastern Time until 11:59 P.M. Eastern Time on Wednesday,
October 24, 2018.

FAM is a diversified, closed-end management investment company that
pursues a high level of current income. As a secondary objective, the
Fund pursues capital appreciation. The Fund pursues these investment
objectives by investing in the world bond markets through a diversified
portfolio of investment grade and below-investment grade government and
corporate debt securities. The Fund may invest up to 60% of its managed
assets in non-investment grade securities.

FEO is a diversified, closed-end management investment company that
seeks to provide a high level of total return. The Fund seeks to achieve
its investment objective by investing at least 80% of its managed assets
in a diversified portfolio of equity and fixed-income securities of
issuers in emerging market countries.

FTA is a federally registered investment advisor and serves as the
Funds’ investment advisor. 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 $134
billion as of August 31, 2018 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.

Aberdeen is an indirect wholly-owned subsidiary of Standard Life
Aberdeen plc. Aberdeen Standard Investments is the brand name for the
asset management group of Standard Life Aberdeen plc, managing
approximately $735.5 billion in assets as of June 30, 2018, for a range
of pension funds, financial institutions, investment trusts, unit
trusts, offshore funds, charities and private clients.

Investment return and market value of an investment in the Funds will
fluctuate. Shares, when sold, may be worth more or less than their
original cost.

Principal Risk Factors: The Funds invest in securities of non-U.S.
issuers which are subject to higher volatility than securities of U.S.
issuers. Risks may be heightened for securities of companies located in,
or with significant operations in, emerging market countries. Because
the Funds invest in non-U.S. securities, you may lose money if the local
currency of a non-U.S. market depreciates against the U.S. dollar.

The Funds invest in non-investment grade debt instruments, commonly
referred to as “high-yield securities”. High yield securities are
subject to greater market fluctuations and risk of loss than securities
with higher ratings. Lower-quality debt tends to be less liquid than
higher-quality debt.

The debt securities in which the Funds invest are subject to certain
risks, including issuer risk, reinvestment risk, prepayment risk, credit
risk, and interest rate risk. Issuer risk is the risk that the value of
fixed-income securities may decline for a number of reasons which
directly relate to the issuer. Reinvestment risk is the risk that income
from the Funds’ portfolios will decline if the Funds invest the proceeds
from matured, traded or called bonds at market interest rates that are
below the Funds’ portfolios current earnings rate. Prepayment risk is
the risk that, upon a prepayment, the actual outstanding debt on which
the Funds derive interest income will be reduced. Credit risk is the
risk that an issuer of a security will be unable or unwilling to make
dividend, interest and/or principal payments when due and that the value
of a security may decline as a result. Interest rate risk is the risk
that fixed-income securities will decline in value because of changes in
market interest rates.

Use of leverage can result in additional risk and cost, and can magnify
the effect of any losses.

The risks of investing in each Fund are spelled out in the prospectus,
shareholder reports and other regulatory filings.

The information presented is not intended to constitute an investment
recommendation for, or advice to, any specific person. By providing this
information, First Trust is not undertaking to give advice in any
fiduciary capacity within the meaning of ERISA and the Internal Revenue
Code. First Trust has no knowledge of and has not been provided any
information regarding any investor. Financial advisors must determine
whether particular investments are appropriate for their clients. First
Trust believes the financial advisor is a fiduciary, is capable of
evaluating investment risks independently and is responsible for
exercising independent judgment with respect to its retirement plan
clients.

The Funds’ daily New York Stock Exchange closing price and net asset
value per share as well as other related information can be found at www.ftportfolios.com
or by calling 1-800-988-5891.

Contacts

First Trust Advisors L.P.
Jeff Margolin, (630) 915-6784

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