ABRDN GLOBAL INCOME FUND, INC. (FCO) ANNOUNCES RECORD DATE FOR SHAREHOLDER MEETING TO VOTE ON PROPOSED MERGER INTO ABRDN ASIA-PACIFIC INCOME FUND, INC.
Prnewswire·2025-12-12 21:15

Group 1 - The abrdn Global Income Fund, Inc. (FCO) is proposing a reorganization into the abrdn Asia-Pacific Income Fund, Inc. (FAX), with a special shareholder meeting scheduled for March 12, 2026, for FCO shareholders to vote on the matter [1] - The Proxy Statement related to the proposed reorganization was filed with the SEC on September 17, 2025, and its issuance was delayed due to a federal government shutdown [2] - The investment objectives and policies of FAX will remain unchanged post-reorganization, which is intended to be a tax-free reorganization for U.S. federal income tax purposes, expected to close in the second quarter of 2026 if approved [3] Group 2 - Shareholders of FAX are not required to vote on the reorganization, and the Proxy Statement will only be distributed to FCO shareholders once it is declared effective by the SEC [4] - Aberdeen Investments is one of the largest asset management firms globally, managing approximately $515 billion in assets as of September 30, 2025, including 15 U.S. closed-end funds and 13 non-U.S. closed-end funds totaling $26.1 billion [6]