First Opportunity Fund, Inc. (OTCMKTS: FOFI) is a closed-end management investment company organized in Delaware. Since its inception in 1987, the fund has sought to provide shareholders with a blend of current income and capital appreciation by investing primarily in convertible securities alongside a diversified mix of fixed-income instruments. Trading on the OTC Markets, FOFI offers investors exposure to the equity upside of convertible issues while aiming to preserve capital through the inherent bond-like characteristics of its holdings.
The fund’s investment portfolio predominantly features convertible bonds, convertible preferred stocks and other debt securities issued by U.S. and international companies. By selecting convertible instruments, FOFI aims to benefit from equity market rallies through potential appreciation in the conversion feature, while mitigating downside risk via fixed-income protections. Complementary assets such as corporate bonds, mortgage-backed securities and short-term debt instruments may also be held to enhance yield and maintain liquidity.
First Opportunity Fund maintains a global investment perspective, with allocations spanning North America, Europe and select emerging markets. The fund’s strategy is implemented by GlobeFlex Capital LLC, whose experienced team employs fundamental credit analysis and equity valuation techniques to identify securities poised for growth. This active management approach seeks to capitalize on opportunities across various sectors and geographies while managing portfolio risk through diversification and disciplined security selection.
Governed by a board of directors with a majority of independent members, First Opportunity Fund emphasizes strong corporate governance and transparency. Backed by over three decades of market presence and the expertise of its management team, the fund strives to deliver attractive risk-adjusted returns and consistent income to its shareholders over the long term.
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