On January 12, 2024, Saba Capital Management, L.P. filed a definitive proxy statement soliciting proxies and urged the shareholders of First Trust High Income Long/Short Fund to vote against a proposal, to approve an agreement and plan of reorganization providing for the transfer of all of the assets of the Fund to abrdn Income Credit Strategies Fund, in exchange solely for newly issued common shares of beneficial interest of abrdn Income Credit Strategies Fund (although cash may be distributed in lieu of fractional shares of abrdn Income Credit Strategies Fund) and the assumption by abrdn Income Credit Strategies Fund of all liabilities of the Fund and the distribution of common shares of beneficial interest of abrdn Income Credit Strategies Fund to the shareholders of the Fund and complete liquidation of the Fund, at the Company?s special meeting of shareholders scheduled to be held on February 22, 2024.