#United States #Philadelphia #SEC #Aberdeen Fund #FCO

Updates from Aberdeen Global Income Fund

On October 28, 2025, abrdn Global Income Fund, Inc. (traded as NYSE American: FCO) issued a significant update regarding its recent filing with the U.S. Securities and Exchange Commission (SEC). The fund had submitted a proxy/registration statement related to a proposed reorganization into abrdn Asia-Pacific Income Fund, Inc. (NYSE American: FAX). This reorganization, initially set in motion to enhance investment strategies and operational efficiencies, is now facing procedural delays.

Context of the Delay

The recent federal government shutdown, which commenced on October 1, 2025, has severely limited the SEC's operational capacity. As the agency is currently functioning with reduced staff and resources, the review process for various filings, including the abrdn funds' proxy, has significantly slowed down. This has caused a delay not only in the effectiveness of the proxy but also in its subsequent mailing to shareholders of FCO for consideration.

Implications for Shareholders

The proposed reorganization is an important strategic step that aims to consolidate resources and investment strategies between FCO and FAX. However, until the SEC declares the proxy effective, no decisions can be finalized or communicated to the shareholders. In light of these developments, abrdn Global Income Fund is committed to keeping its stakeholders informed and plans to provide updates as the situation evolves. It is important for shareholders to stay abreast of these developments, as the potential implications for their investments could be substantial.

Looking Ahead

The timeline for the completion of the reorganization will largely depend on how swiftly the SEC can resume normal operations once the shutdown ends. Until then, the proposed proxy may undergo amendments, and there is a possibility it could be withdrawn depending on the regulatory environment. The fund will not distribute the proxy to its shareholders until it receives the necessary SEC approval.

Investor Cautions

Investors should remain aware that participating in any funds involves risks. Closed-end funds like FCO and FAX trade on stock exchanges, and their market values can fluctuate based on a variety of external factors, leading to trading at a premium or discount in relation to the funds' net asset value (NAV). The past performance of these funds does not guarantee future results, and stakeholders are encouraged to exercise due diligence and consider the investment objectives before participating in any transactions.

Conclusion

As abrdn Global Income Fund navigates these regulatory challenges, transparency with shareholders remains a top priority. A well-informed investor base can better assess the implications of such important developments. For continuous updates, stakeholders are encouraged to monitor communications from the fund and the SEC's website for the status of the proposed transactions.