ABRDN GLOBAL INCOME FUND, INC.·4

May 19, 12:14 PM ET

SELL MORITZ A 4

Research Summary

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Updated

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.

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