SELL MORITZ A 4

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.