SELL MORITZ A 4
4 · ABRDN ASIA-PACIFIC INCOME FUND, INC. · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
abrdn Asia‑Pacific Income Fund (FAX) Director Moritz A Receives 176 Shares
What Happened
Moritz A, a director, received 176 common shares of abrdn Asia‑Pacific Income Fund, Inc. in connection with a reorganization on May 15, 2026. The shares were issued in exchange for 1,000 common shares of the abrdn Global Income Fund (the target fund). No cash purchase price was paid; the filing lists the transaction as code J (other acquisition/disposition) and reports a per‑share price as N/A. Using the Acquiring Fund NAV of $15.509 reported that day, the 176 shares are roughly worth $2,730.
Key Details
- Transaction date: May 15, 2026 (reported on Form 4 filed May 19, 2026) — filing was within the required two business days.
- Transaction type/code: Other acquisition/disposition (J) — fund reorganization conversion.
- Shares received: 176 common shares of abrdn Asia‑Pacific Income Fund, Inc. (in exchange for 1,000 shares of abrdn Global Income Fund).
- NAVs and conversion: Target Fund NAV $2.7423, Acquiring Fund NAV $15.509, conversion ratio 0.176821.
- Reported ownership after transaction: 176 shares of the Acquiring Fund (the filing documents the exchange); no cash consideration reported (fractional shares cashed out).
- Exhibit: Power of Attorney listed.
Context
This was a structural corporate action (a fund reorganization), not an open‑market buy or sale by the director. Such conversions are administrative — shares were issued per the stated conversion ratio and NAVs — and do not, by themselves, signal insider sentiment about the stock.
Insider Transaction Report
- Other
Common Stock
[F1]2026-05-15+176→ 1,145 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.