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PR Newswire·

ABRDN GLOBAL INCOME FUND, INC. (FCO) ANNOUNCES RECORD DATE FOR SHAREHOLDER MEETING TO VOTE ON PROPOSED MERGER INTO ABRDN ASIA-PACIFIC INCOME FUND, INC. (FAX)

FCOFAX
  • abrdn Global Income Fund, Inc. (FCO) set December 12, 2025, as the record date for shareholders to vote on a proposed reorganization into abrdn Asia-Pacific Income Fund, Inc. (FAX).
  • The special shareholder meeting regarding the Reorganization is currently targeted for March 12, 2026.
  • A Proxy Statement relating to the Reorganization was filed with the SEC on September 17, 2025, but issuance was delayed due to a federal government shutdown.
  • The Proxy Statement will be mailed to FCO shareholders only after it is declared effective by the SEC.
  • The current investment objectives & policies of FAX will remain unchanged under the proposed Reorganization.
  • Both Fund Boards believe the Reorganization is in the best interest of their respective shareholders.
  • The Reorganization is intended to be tax-free for U.S. federal income tax purposes & is expected to close in the second quarter of 2026 if approved.
  • Shareholders of FAX are not required to vote on the Reorganization.
  • The Proxy Statement may be amended or withdrawn before SEC declaration of effectiveness & will not be distributed until then.
  • Aberdeen Investments manages approximately $515 billion in assets as of September 30, 2025, including 15 U.S. closed-end funds totaling $26.1 billion.