Ajmera Radhika 4
4 · ABRDN GLOBAL INCOME FUND, INC. · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
FCO Director Ajmera Radhika Converts 1,000 Shares in Reorganization
What Happened
Ajmera Radhika, a director of abrdn Global Income Fund, Inc. (FCO), disposed of 1,000 common shares of the Target Fund as part of a fund reorganization on May 15, 2026. Under the reorganization, each FCO share was converted at a ratio of 0.176821 into common shares of the abrdn Asia‑Pacific Income Fund, Inc.; the reporting person received 176 shares of the Acquiring Fund in exchange for the 1,000 FCO shares. The filing lists prices as N/A because the transaction was a conversion (not an open‑market sale); NAVs reported on May 15 were $2.7423 (FCO) and $15.509 (Acquiring Fund).
Key Details
- Transaction date: 2026-05-15 (reorganization/conversion)
- Filing date: 2026-05-19 (Form 4 submitted after the transaction)
- Transaction code: J (other acquisition or disposition) — listed as a disposition of 1,000 Target Fund shares and acquisition of 176 Acquiring Fund shares per footnote
- Conversion ratio: 0.176821; NAVs noted in footnote: FCO $2.7423, Acquiring Fund $15.509 (values reflect NAV-based conversion less reorganization costs)
- Footnote: F1 explains the reorganization mechanics and fractional‑share cash treatment
- Exhibit: Exhibit 24 — Power of Attorney
Context
This was an administrative conversion as part of a fund reorganization, not a market sale or a purchase that signals insider buying or selling for investment reasons. Such conversions exchange shares based on NAV and a set ratio; cash is paid for any fractional shares. The filing appears to have been made after the transaction date (filed 5/19 for a 5/15 transaction), which may be later than the typical two‑business‑day Form 4 deadline.
Insider Transaction Report
- Other
Common Stock
[F1]2026-05-15−1,000→ 0 total
Footnotes (1)
- [F1]Effective as of May 15, 2026, abrdn Global Income Fund, Inc. (the "Target Fund") was reorganized into the abrdn Asia-Pacific Income Fund, Inc. (the "Acquiring Fund," and such reorganization, the "Reorganization"). In the Reorganization, common shareholders of the Target Fund received common shares of the Acquiring Fund having a value equal to the aggregate NAV of the Target Fund common shares surrendered as determined at the close of business on May 15, 2026, less the costs of the Reorganization (although cash was distributed for any fractional shares). As of May 15, 2026, the Target Fund reported a NAV per share of $2.7423 and the Acquiring Fund reported a NAV per share of $15.509. The conversion ratio for the Target Fund's common shares was 0.176821. In the Reorganization, the Reporting Person received 176 common shares of the Acquiring Fund in exchange for their 1,000 common shares of the Target Fund.