#United States #Philadelphia #abrdn Global Income #abrdn Asia-Pacific #Fund Reorganization

abrdn Global Income Fund Announces Significant Updates

On April 30, 2026, the abrdn Global Income Fund, Inc. (NYSE American: FCO) officially verified the details concerning its final distribution payment to shareholders. According to their announcement, a distribution was made to all shareholders recorded as of April 22, 2026, with the ex-dividend date also set on the same day. This distribution marks a pivotal moment as it will be the last payment prior to the Fund's planned reorganization into abrdn Asia-Pacific Income Fund, Inc. (FAX).

The transition to FAX was sanctioned at a special shareholders' meeting held on April 13, 2026, where shareholders expressed their approval of the reorganization plan. The completion of this transition is anticipated to conclude at the end of trading on Friday, May 15, 2026. This will be the last day FCO will trade as an independent fund, with shares rolling over to FAX at the start of business on May 18, 2026.

As part of this restructuring, existing shareholders of FCO will receive common shares in FAX that equate to the net asset value they held in FCO. This ensures that shareholders who remain with FAX post-reorganization will also qualify for FAX's monthly distributions starting in May 2026. Details surrounding these payments will be made available shortly, with important updates expected in early May.

Breakdown of Current Distribution and Important Notice

The recent distribution, which has been a focal point for shareholders, consisted of specific elements outlined under U.S. tax regulations. The Fund revealed the estimated sources of the funds distributed, which included net investment income, realized short-term and long-term capital gains, and a notable return of capital. This categorization highlights that a significant portion of the distribution may represent a return of capital, indicating that the Fund has disbursed more than its income and capital gains during the fiscal year to date.

According to the Fund's latest reports:

• - The April 30 distribution recorded a total of $0.0700 per share. Among this amount: 20% (or $0.0140) derived from net investment income, while 72% (or $0.0504) is estimated as a return of capital.
• - For the fiscal year thus far, cumulative distributions per share have reached $0.4200, of which a significant portion also stems from a return of capital.

FCO's financial standing indicates an estimated net deficit of $14,016,000 after this distribution, stemming from greater unrealized losses compared to realized gains not yet distributed. Shareholders are cautioned that the estimates provided for distributions aren't definitive for tax reporting, which will be finalized at the year-end. Consequently, investors can expect a Form 1099-DIV outlining how to report distributions for federal income tax purposes once the calendar year concludes.

Final Thoughts on the Transition

As the abrdn Global Income Fund prepares for this significant transition, it serves as a reminder of the importance of awareness and understanding regarding such organizational shifts. Shareholders are encouraged to stay informed and keep an eye out for official communications that will provide clarity on share conversions, potential implications, and future distributions under the new entity.

As a leading asset management firm, abrdn Investments continues to manage substantial assets, with a dedicated focus on delivering value to its clients. With the transition into abrdn Asia-Pacific Income Fund, the company aims to enhance its strategic approach towards investments in the growing Asia-Pacific market.

With the conclusion of FCO on the horizon, interested parties should learn about FAX's forthcoming updates and prepare adequately to engage with newfound opportunities under the restructured fund.