abrdn Global Income Fund, Inc. Moves Forward with Major Reorganization Plan

On April 13, 2026, at a Special Meeting of Shareholders, the abrdn Global Income Fund, Inc. (NYSE American: FCO) secured overwhelming approval for a significant reorganization. This meeting was a pivotal event for the fund, as it set the stage for its transformation into the abrdn Asia-Pacific Income Fund, Inc. (NYSE American: FAX). Shareholders voted decisively, with 65.85% of the FCO's shares affirmatively participating in the vote, demonstrating strong commitment and interest in the fund's future direction.

As of the record date on December 12, 2025, the abrdn Global Income Fund had 13,476,542 shares outstanding, and the shareholders showcased their confidence by approving key proposals that included the reorganization agreement and the process for FCO's liquidation and dissolution. The details are as follows:

1. Reorganization Approval: 6,817,678 votes for, 1,712,801 votes against, 343,712 votes abstained.
2. Liquidation and Dissolution Approval: 6,614,103 votes for, 1,880,729 votes against, 379,361 votes abstained.

The approval marks a significant strategic shift for the fund, allowing it to align its investment strategy and operations more closely with the burgeoning opportunities within the Asia-Pacific region. The completion of the reorganization is anticipated in the second quarter of 2026, contingent on meeting customary closing conditions. Additional information regarding the reorganization will be communicated timely to shareholders, ensuring they remain informed throughout the transition process.

Closed-end funds like FCO are traded in secondary markets, and their value can fluctuate based on various external market factors. It's crucial to note that while a fund's share price may trade at a premium or discount to its net asset value (NAV), not all premiums are sustainable. This characteristic is vital for current and prospective investors to contemplate when considering their investment in FCO or similar funds.

The abrdn Group, a significant player in the global asset management industry, manages closed-end funds with expertise built over decades, further enhancing shareholder confidence in future performance and returns. As of December 31, 2025, Aberdeen Investments reported approximately $525 billion in assets under management across various investment strategies. This financial strength provides a strong foundation to navigate the complexities of fund management and support ongoing shareholder engagement.

Aberdeen Investments remains committed to empowering investors with diversified opportunities, particularly as it shifts its focus toward markets with high growth potential, such as the Asia-Pacific.

In conclusion, the recent shareholder meeting and subsequent approvals illustrate the forward momentum of the abrdn Global Income Fund. Stakeholders are encouraged to stay tuned for further updates on the transition to the abrdn Asia-Pacific Income Fund as the firm navigates this exciting phase of growth and reorganization, which promises to reshape its investment portfolio and objectives moving ahead.