#United States #Philadelphia #shareholder meeting #abrdn Global Income Fund #FCO

abrdn Global Income Fund, Inc. (FCO) Announces Adjournment of Special Shareholder Meeting

On March 12, 2026, the abrdn Global Income Fund, Inc. (NYSE American: FCO) made a formal announcement regarding the adjournment of its Special Meeting of Shareholders. The meeting, originally scheduled to discuss important proposals, was postponed to allow the management team to gather further proxies necessary to achieve a quorum. A new date has been set for Wednesday, April 1, 2026, at 11:30 AM Eastern Time for the reconvened meeting.

Overview of the Meeting

The primary agenda items for this Special Meeting involve two pivotal proposals aimed at the future of the Fund:
1. An Agreement and Plan of Reorganization between the abrdn Global Income Fund, Inc. (FCO) and the abrdn Asia Pacific Income Fund, Inc. (FAX).
2. The liquidation and dissolution of FCO.

The Board of Directors has unanimously recommended that shareholders approve both proposals as outlined in the Joint Proxy Statement. This decision comes after careful consideration of the fund's current performance and strategic direction.

Importance of Shareholder Engagement

In order for the proposals to be passed, a quorum—typically a minimum number of votes—must be achieved during the vote. The adjournment of the meeting allows for further engagement with shareholders to ensure they are well-informed and prepared to cast their votes on the proposed changes. The supplementary materials regarding the proxy are set to be sent out promptly to all shareholders, with details also available on the Securities and Exchange Commission's website, www.sec.gov.

Shareholders are urged to review these materials thoroughly as they contain essential information regarding the implications of the proposed reorganization and liquidation. These changes could significantly affect the fund's investment strategy, asset management, and overall future stability.

The Role of Closed-End Funds

Closed-end funds, like the abrdn Global Income Fund, are distinct in that they are traded on secondary markets, which introduces variance in investment return and principal value. This volatility means that shares can trade above or below their net asset value (NAV). Thus, participation in the dividend reinvestment plan may not be guaranteed at the NAV, highlighting the importance of careful investment management.

About Aberdeen Investments

Aberdeen Investments is a well-respected entity in asset management, boasting extensive experience in managing closed-end funds since the 1980s. As of the end of 2025, Aberdeen held approximately $525 billion in assets under management, reflecting its strong position in the market. Shareholders are encouraged to keep abreast of developments as these proposals will determine the future trajectory of the fund and potentially reshape shareholder value.

In conclusion, the adjournment of the Special Meeting serves as a crucial step in ensuring that shareholders are fully equipped to make informed decisions regarding the proposed reorganization of the abrdn Global Income Fund. Investors are encouraged to participate actively in this process, as their engagement is key to achieving the necessary quorum and moving forward with the proposed plans.