{"success":true,"data":{"pressRelease":{"id":"37736","rtpr_id":"nPn3xJDhza","ticker":"FAX","exchange":"NYSE American","all_tickers":["FAX"],"title":"abrdn Asia-Pacific Income Fund, Inc. (FAX) Announces Closing and Reorganization of abrdn Global Income Fund, Inc. (FCO)","author":"PR Newswire","published_at":"2026-05-18T12:00:06.639Z","article_body":"abrdn Asia-Pacific Income Fund, Inc. (FAX) Announces Closing and Reorganization of abrdn Global Income Fund, Inc. (FCO)\n\nPR Newswire\n\nPHILADELPHIA, May 18, 2026\n\nPHILADELPHIA, May 18, 2026 /PRNewswire/ -- abrdn Asia Pacific Income Fund,\nInc. (FAX)\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4690453-1&h=4256369098&u=https%3A%2F%2Fwww.aberdeeninvestments.com%2Fen-us%2Finvestor%2Ffunds%2Fview-all-funds%2F-us0030098679%3FsubTab%3DkeyInformationTab&a=abrdn+Asia+Pacific+Income+Fund%2C+Inc.+(FAX))\n(\"FAX\" or the \"Acquiring Fund\") and abrdn Global Income Fund, Inc. (FCO)\n(\"FCO\" or the \"Acquired Fund\"), announce today the completed reorganization of\nFCO into FAX after close of business on May 15, 2026.\n\n(https://mma.prnewswire.com/media/2698388/Aberdeen_Investments_Logo.html)\n\nIn the reorganization, common shareholders of FCO received an amount of FAX\ncommon shares with a net asset value equal to the aggregate net asset value of\ntheir holdings of FCO common shares, as determined at the close of regular\nbusiness on May 15, 2026. As a result, common shareholders of FCO received\n0.176821 of newly-issued FAX common shares for every 1 share of FCO that they\nhad previously held.\n\nRelevant details pertaining to the reorganization are as follows:\n Acquiring Fund  Acquired Fund  Acquiring Fund      Acquired Fund       Conversion Ratio\n                                NAV per Share ($)   NAV per Share ($)\n\n05/15/2026\n05/15/2026\n FAX             FCO            $15.51              $2.74               0.176821\n\nThere are no proposed changes to the current investment objective, strategies,\nstructure, or policies of the Acquiring Fund as a result of the\nreorganization.\n\nImportant Information\nShares of closed-end funds are listed for trading on national securities\nexchanges and are bought and sold in the secondary market. The market price of\na fund's shares is determined by supply and demand and may be greater than (a\n\"premium\") or less than (a \"discount\") the fund's net asset value (NAV). A\nfund's investment return and principal value will fluctuate, and investors may\nreceive more or less than their original investment upon the sale of shares.\nThere is no assurance that a fund will achieve its investment objective. Past\nperformance is not indicative of future results.\n\nThe trading price of a closed-end fund's shares may be influenced by various\nfactors, including market conditions, investor sentiment, and other external\nforces, and is not directly controlled by the fund, its Board of Directors, or\nits investment adviser. As a result, shares may trade at a premium to or\ndiscount from NAV at any given time. A premium to NAV may not be sustained,\nand a discount to NAV may increase or decrease over time. Investors should\nconsider these risks when purchasing or selling closed-end fund shares.\n\nShareholders whose fund shares trade at a premium to NAV and who participate\nin the fund's dividend reinvestment plan should be aware that distributions\nmay be reinvested at prices above NAV, which may adversely affect investment\nresults.\n\nAbout Aberdeen Investments\nAberdeen Investments Global is the trade name of Aberdeen's investments\nbusiness, herein referred to as \"Aberdeen Investments\" or \"Aberdeen\". In the\nUnited States, Aberdeen Investments refers to the following affiliated,\nregistered investment advisers: abrdn Inc., abrdn Investments Limited, and\nabrdn Asia Limited.\n\nAberdeen Investments is among the world's largest asset managers, with decades\nof experience overseeing closed-end funds dating back to the 1980s. As of\nMarch 31, 2026, the firm had approximately $506 billion in assets under\nmanagement. Closed-end funds represent a core component of Aberdeen\nInvestments' client franchise in both the U.S. and global markets. Aberdeen\nand its affiliates currently manage 27 closed-end funds – 15 available in\nthe U.S. and 12 outside the U.S. – totaling $25.6 billion in assets as of\nMarch 31, 2026.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/abrdn-asia-pacific-income-fund-inc-fax-announces-closing-and-reorganization-of-abrdn-global-income-fund-inc-fco-302774246.html\n(https://www.prnewswire.com/news-releases/abrdn-asia-pacific-income-fund-inc-fax-announces-closing-and-reorganization-of-abrdn-global-income-fund-inc-fco-302774246.html)\n\nSOURCE abrdn Asia-Pacific Income Fund, Inc.\n\n\n\nFor More Information Contact:  Aberdeen Investments U.S. Closed-End Funds, Investor Relations, 1-800-522-5465, investor.relations@aberdeenplc.com; https://www.aberdeeninvestments.com\n\nPhoto: \nhttps://mma.prnewswire.com/media/2698388/Aberdeen_Investments_Logo.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn3xJDhza","title":"abrdn Asia-Pacific Income Fund, Inc. (FAX) Announces Closing and Reorganization of abrdn Global Income Fund, Inc. (FCO)","author":"PR Newswire","ticker":"FAX","created":"2026-05-18T12:00:06.639Z","tickers":["FAX"],"exchange":"NYSE American","article_body":"abrdn Asia-Pacific Income Fund, Inc. (FAX) Announces Closing and Reorganization of abrdn Global Income Fund, Inc. (FCO)\n\nPR Newswire\n\nPHILADELPHIA, May 18, 2026\n\nPHILADELPHIA, May 18, 2026 /PRNewswire/ -- abrdn Asia Pacific Income Fund,\nInc. (FAX)\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4690453-1&h=4256369098&u=https%3A%2F%2Fwww.aberdeeninvestments.com%2Fen-us%2Finvestor%2Ffunds%2Fview-all-funds%2F-us0030098679%3FsubTab%3DkeyInformationTab&a=abrdn+Asia+Pacific+Income+Fund%2C+Inc.+(FAX))\n(\"FAX\" or the \"Acquiring Fund\") and abrdn Global Income Fund, Inc. (FCO)\n(\"FCO\" or the \"Acquired Fund\"), announce today the completed reorganization of\nFCO into FAX after close of business on May 15, 2026.\n\n(https://mma.prnewswire.com/media/2698388/Aberdeen_Investments_Logo.html)\n\nIn the reorganization, common shareholders of FCO received an amount of FAX\ncommon shares with a net asset value equal to the aggregate net asset value of\ntheir holdings of FCO common shares, as determined at the close of regular\nbusiness on May 15, 2026. As a result, common shareholders of FCO received\n0.176821 of newly-issued FAX common shares for every 1 share of FCO that they\nhad previously held.\n\nRelevant details pertaining to the reorganization are as follows:\n Acquiring Fund  Acquired Fund  Acquiring Fund      Acquired Fund       Conversion Ratio\n                                NAV per Share ($)   NAV per Share ($)\n\n05/15/2026\n05/15/2026\n FAX             FCO            $15.51              $2.74               0.176821\n\nThere are no proposed changes to the current investment objective, strategies,\nstructure, or policies of the Acquiring Fund as a result of the\nreorganization.\n\nImportant Information\nShares of closed-end funds are listed for trading on national securities\nexchanges and are bought and sold in the secondary market. The market price of\na fund's shares is determined by supply and demand and may be greater than (a\n\"premium\") or less than (a \"discount\") the fund's net asset value (NAV). A\nfund's investment return and principal value will fluctuate, and investors may\nreceive more or less than their original investment upon the sale of shares.\nThere is no assurance that a fund will achieve its investment objective. Past\nperformance is not indicative of future results.\n\nThe trading price of a closed-end fund's shares may be influenced by various\nfactors, including market conditions, investor sentiment, and other external\nforces, and is not directly controlled by the fund, its Board of Directors, or\nits investment adviser. As a result, shares may trade at a premium to or\ndiscount from NAV at any given time. A premium to NAV may not be sustained,\nand a discount to NAV may increase or decrease over time. Investors should\nconsider these risks when purchasing or selling closed-end fund shares.\n\nShareholders whose fund shares trade at a premium to NAV and who participate\nin the fund's dividend reinvestment plan should be aware that distributions\nmay be reinvested at prices above NAV, which may adversely affect investment\nresults.\n\nAbout Aberdeen Investments\nAberdeen Investments Global is the trade name of Aberdeen's investments\nbusiness, herein referred to as \"Aberdeen Investments\" or \"Aberdeen\". In the\nUnited States, Aberdeen Investments refers to the following affiliated,\nregistered investment advisers: abrdn Inc., abrdn Investments Limited, and\nabrdn Asia Limited.\n\nAberdeen Investments is among the world's largest asset managers, with decades\nof experience overseeing closed-end funds dating back to the 1980s. As of\nMarch 31, 2026, the firm had approximately $506 billion in assets under\nmanagement. Closed-end funds represent a core component of Aberdeen\nInvestments' client franchise in both the U.S. and global markets. Aberdeen\nand its affiliates currently manage 27 closed-end funds – 15 available in\nthe U.S. and 12 outside the U.S. – totaling $25.6 billion in assets as of\nMarch 31, 2026.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/abrdn-asia-pacific-income-fund-inc-fax-announces-closing-and-reorganization-of-abrdn-global-income-fund-inc-fco-302774246.html\n(https://www.prnewswire.com/news-releases/abrdn-asia-pacific-income-fund-inc-fax-announces-closing-and-reorganization-of-abrdn-global-income-fund-inc-fco-302774246.html)\n\nSOURCE abrdn Asia-Pacific Income Fund, Inc.\n\n\n\nFor More Information Contact:  Aberdeen Investments U.S. Closed-End Funds, Investor Relations, 1-800-522-5465, investor.relations@aberdeenplc.com; https://www.aberdeeninvestments.com\n\nPhoto: \nhttps://mma.prnewswire.com/media/2698388/Aberdeen_Investments_Logo.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-05-18T12:00:06.671418092Z","server_sent_at_ms":1779105606671},"received_at":"2026-05-18T12:00:06.724Z","source_url":"https://www.prnewswire.com/news-releases/abrdn-asia-pacific-income-fund-inc-fax-announces-closing-and-reorganization-of-abrdn-global-income-fund-inc-fco-302774246.html"},"analysis":{"id":"27179","press_release_id":"37736","analysis_json":{"industry":{"label":"Capital Markets","sector":"Financials"},"redFlags":[],"eventType":"m_and_a","narrative":"abrdn Asia-Pacific Income Fund (FAX) completed the reorganization of abrdn Global Income Fund (FCO) into itself on May 15, 2026.\n\nFCO shareholders received 0.176821 shares of FAX for every share of FCO held, based on the respective NAVs of $15.51 for FAX and $2.74 for FCO.\n\nThe investment objective, strategies, and policies of the acquiring fund remain unchanged following the transaction.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine closed-end fund consolidation; no strategic change for FAX."},"keyFigures":{"customDimensions":{"abrdn_aum":506000000000,"abrdn_cef_aum":25600000000,"conversion_ratio":0.176821,"fax_nav_per_share":15.51,"fco_nav_per_share":2.74}},"quotedText":"There are no proposed changes to the current investment objective, strategies, structure, or policies of the Acquiring Fund as a result of the reorganization.","namedEntities":{"people":[],"products":[],"companies":[{"name":"abrdn Asia-Pacific Income Fund, Inc.","ticker":"FAX","relationship":"acquirer"},{"name":"abrdn Global Income Fund, Inc.","ticker":"FCO","relationship":"target"},{"name":"Aberdeen Investments","relationship":"investment adviser"}],"dollarAmounts":[{"amount":"$15.51","context":"FAX NAV per share on 05/15/2026"},{"amount":"$2.74","context":"FCO NAV per share on 05/15/2026"},{"amount":"$506 billion","context":"Aberdeen Investments total AUM as of March 31, 2026"},{"amount":"$25.6 billion","context":"Aberdeen Investments closed-end fund AUM as of March 31, 2026"}]},"materialImpact":{"score":2,"reasoning":"The reorganization of a smaller closed-end fund (FCO) into the acquiring fund (FAX) is a structural corporate event. It is not a strategic acquisition of assets or a change in investment strategy, but rather a consolidation of share classes/funds. The impact on the acquiring fund's NAV or strategy is negligible."},"tickerRelevance":{"others":[{"ticker":"FCO","relevance":"target"}],"primary":"FAX"},"globalImportance":15,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"structural_reorganization","sectorWeight":"financials","marketCapAdjustment":"low"}},"event_type":"m_and_a","event_type_secondary":null,"sentiment":"neutral","material_impact_score":2,"narrative":"abrdn Asia-Pacific Income Fund (FAX) completed the reorganization of abrdn Global Income Fund (FCO) into itself on May 15, 2026.\n\nFCO shareholders received 0.176821 shares of FAX for every share of FCO held, based on the respective NAVs of $15.51 for FAX and $2.74 for FCO.\n\nThe investment objective, strategies, and policies of the acquiring fund remain unchanged following the transaction.","key_figures":{"customDimensions":{"abrdn_aum":506000000000,"abrdn_cef_aum":25600000000,"conversion_ratio":0.176821,"fax_nav_per_share":15.51,"fco_nav_per_share":2.74}},"named_entities":{"people":[],"products":[],"companies":[{"name":"abrdn Asia-Pacific Income Fund, Inc.","ticker":"FAX","relationship":"acquirer"},{"name":"abrdn Global Income Fund, Inc.","ticker":"FCO","relationship":"target"},{"name":"Aberdeen Investments","relationship":"investment adviser"}],"dollarAmounts":[{"amount":"$15.51","context":"FAX NAV per share on 05/15/2026"},{"amount":"$2.74","context":"FCO NAV per share on 05/15/2026"},{"amount":"$506 billion","context":"Aberdeen Investments total AUM as of March 31, 2026"},{"amount":"$25.6 billion","context":"Aberdeen Investments closed-end fund AUM as of March 31, 2026"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-05-18T12:07:13.582Z","global_importance":15,"audience_relevance":10,"importance_components":{"tickerTier":"small-cap","eventGravity":"structural_reorganization","sectorWeight":"financials","marketCapAdjustment":"low"}},"durationMs":20298,"modelName":"george-droid-qwen-72b"}}