On January 12, 2024, Saba Capital Management, L.P. filed a definitive proxy statement soliciting proxies and urged the shareholders of First Trust Specialty Finance and Financial Opportunities 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 Total Dynamic Dividend Fund in exchange solely for newly issued common shares of beneficial interest of abrdn Total Dynamic Dividend Fund and the assumption by abrdn Total Dynamic Dividend Fund of all liabilities of the Fund and the distribution of common shares of beneficial interest of abrdn Total Dynamic Dividend 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.