SELL MORITZ A 4
4 · ABRDN GLOBAL INCOME FUND, INC. · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
abrdn Global Income Fund (FCO) Director Moritz Sells 1,000 Shares
What Happened
- Director Moritz A reported disposal of 1,000 shares of abrdn Global Income Fund, Inc. (FCO) on May 15, 2026. This was not an open‑market sale but a corporate reorganization: FCO was merged into abrdn Asia‑Pacific Income Fund, Inc., and common shareholders received shares of the acquiring fund rather than cash. Based on the reported NAVs (FCO NAV $2.7423; Acquiring Fund NAV $15.509) and the conversion ratio (0.176821), Moritz received 176 common shares of the acquiring fund in exchange for the 1,000 FCO shares (fractional shares were paid in cash). The FCO-side value is roughly $2,742 based on FCO NAV.
Key Details
- Transaction date: May 15, 2026 (reorganization effective date)
- Transaction code: J (other acquisition or disposition) — disposition of 1,000 FCO shares via reorganization
- Conversion ratio and result: 0.176821 conversion ratio → 176 acquiring‑fund shares received; fractional share settled in cash
- NAVs reported: FCO $2.7423 per share; Acquiring Fund $15.509 per share
- Shares owned after transaction: Reporting person holds the 176 shares of the acquirer received in the reorganization (per footnote)
- Filing timeliness: Form 4 filed May 19, 2026 — within the SEC’s two‑business‑day filing window for Form 4 (timely)
- Footnote/Exhibit: Footnote describes the reorganization details (F1); Exhibit 24 Power of Attorney listed
Context
- This filing records a corporate reorganization conversion, not an open‑market sale — it reflects a structural change in the funds and pro rata conversion of holdings, not a director selling shares for liquidity or trading on personal view of the stock. For retail investors, conversions like this are administrative and do not necessarily convey insider sentiment.
Insider Transaction Report
Form 4
SELL MORITZ A
Director
Transactions
- 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 1000 common shares of the Target Fund.
Signature
/s/ Robert Stieger, by POA from Reporting Person|2026-05-19