MALONE PETER GERALD 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 Peter Malone Receives 322 Shares
What Happened
Peter Gerald Malone, a director, acquired 322 common shares of abrdn Asia‑Pacific Income Fund, Inc. (FAX) on May 15, 2026 as part of a fund reorganization. This acquisition was not an open‑market purchase: abrdn Global Income Fund, Inc. (the "Target Fund") was reorganized into the abrdn Asia‑Pacific Income Fund (the "Acquiring Fund"). Mr. Malone received 322 Acquiring Fund shares in exchange for his 1,822 Target Fund shares. The filing lists no per‑share trade price (N/A); the Acquiring Fund’s reported NAV was $15.509, implying an approximate value of $4,993.90 for the 322 shares.
Key Details
- Transaction date: 2026-05-15 (filed 2026-05-19). Filing appears within the Form 4 reporting window.
- Transaction type/code: "Other acquisition or disposition (J)" — a non‑market reorganization exchange.
- Shares received: 322 shares of the Acquiring Fund in exchange for 1,822 Target Fund shares.
- Reported NAVs and conversion: Target Fund NAV $2.7423; Acquiring Fund NAV $15.509; conversion ratio 0.176821. Fractional shares were paid in cash per the footnote.
- Exhibit: Exhibit 24 — Power of Attorney.
- Filing timeliness: Reported within the standard Form 4 filing period (not marked late).
Context
This was a structural fund reorganization (conversion of shares at a set ratio), not a voluntary buy or sale by the insider. Such automatic exchanges reflect fund corporate actions and should not be interpreted as a direct signal of the insider's view on the stock.
Insider Transaction Report
- Other
Common Stock
[F1]2026-05-15+322→ 1,272 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 322 common shares of the Acquiring Fund in exchange for their 1,822 common shares of the Target Fund.