abrdn Global Income Fund, Inc. (FCO) Announces Final Distribution Payment Details and an Update to Timing of Its Reorganization into abrdn Asia-Pacific Income Fund, Inc. (FAX)

abrdn Global Income Fund (NYSE American: FCO) paid a final distribution of $0.0700 per share on April 30, 2026, to shareholders of record April 22, 2026.

Rhea-AI Summary

abrdn Global Income Fund (NYSE American: FCO) paid a final distribution of $0.0700 per share on April 30, 2026, to shareholders of record April 22, 2026. This is the Fund's final distribution prior to its reorganization into abrdn Asia-Pacific Income Fund (FAX).

The reorganization was approved April 13, 2026, and is expected to close after market on May 15, 2026; FAX shares are expected to trade opening May 18, 2026. Fiscal year-to-date distributions total $0.4200 per share, with an estimated 72% return of capital component. As of April 21, 2026, the Fund estimates a $14,016,000 net deficit.

Positive

• Final distribution of $0.0700 per share paid April 30, 2026
• Reorganization into FAX approved April 13, 2026
• Shareholders to receive newly issued FAX shares equal to NAV
• Shareholders eligible for FAX May 2026 monthly distribution

Negative

• 72% of the April distribution estimated as return of capital
• Fiscal year-to-date distributions total $0.4200 per share with high return-of-capital mix
• Estimated net deficit of $14,016,000 as of April 21, 2026

Argus May 1 session

+1.15% close to close Open Argus

Details

News Market Reaction – FCO

On May 1, the first trading day after this news, FCO closed 1.15% above the previous close.

Data tracked by StockTitan Argus for the May 1 session.

Key Figures

Current distribution per share: $0.0700 Net investment income component: $0.0140 (20%) Short-term gains component: $0.0056 (8%) +3 more

Current distribution per share

$0.0700

Final FCO distribution paid April 30, 2026

Net investment income component

$0.0140 (20%)

Portion of April 30, 2026 distribution

Short-term gains component

$0.0056 (8%)

Portion of April 30, 2026 distribution

Return of capital component

$0.0504 (72%)

Portion of April 30, 2026 distribution

Fiscal YTD distributions

$0.4200

Cumulative per-share distributions fiscal year-to-date

Net deficit

$14,016,000

Estimated as of April 21, 2026 after distribution

Historical Context

5 past events · Latest: Apr 14

5 events

1. Apr 14

   Reorganization approval

   24h Move

   -9.9%

   Shareholders approved reorganization into FAX at April 13 special meeting.

2. Apr 10

   Meeting adjournment

   24h Move

   +3.3%

   Special meeting adjourned to April 13 to gain more proxies on reorg.

3. Apr 01

   Meeting adjournment

   24h Move

   -0.3%

   April 1 meeting adjourned; new date set to April 10 for vote.

4. Mar 12

   Meeting adjournment

   24h Move

   +1.0%

   March 12 meeting adjourned to achieve quorum on proposed reorg.

5. Dec 12

   Merger record date

   24h Move

   +1.8%

   Record date set for shareholder vote on tax-free merger into FAX.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

net asset value, ex-dividend date, net investment income, net realized short-term capital gains, +4 more

8 terms

net asset value financial

"shares of FAX with an aggregate net asset value equal to the net asset value"

Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.

View in glossary

ex-dividend date financial

"shareholders of record as of April 22, 2026 (ex-dividend date April 22, 2026)"

The ex-dividend date is the date when a stock starts trading without the value of its next dividend payment included. If you buy the stock on or after this date, you won't receive that upcoming dividend; only those who owned the stock before this date are entitled to it. It matters to investors because it determines who is eligible to receive the dividend and can influence the stock’s price around that time.

View in glossary

net investment income financial

"from the following sources: net investment income; net realized short-term capital gains"

Net investment income is the money an investor or fund actually keeps from its investments after subtracting the costs of running those investments (like management fees, interest, and losses). Think of it as your paycheck from owning assets: gross returns minus the bills needed to earn them. Investors watch it because it shows how profitable the investment activities are, influences dividend payouts and cash available for growth, and helps compare true performance across funds or companies.

net realized short-term capital gains financial

"net investment income; net realized short-term capital gains; net realized long-term capital gains"

Gains from selling investments held one year or less, after subtracting any short-term losses, so it represents the net profit from quick trades. Investors care because these gains are taxed at ordinary income rates rather than the lower long-term rates, which can significantly reduce after-tax returns; think of it like the higher sales tax you pay on a quick flip versus a discounted rate for holding something longer.

net realized long-term capital gains financial

"net realized short-term capital gains; net realized long-term capital gains; and return of capital"

Net realized long-term capital gains are the total profit an investor actually locks in from selling assets held more than one year, after subtracting any losses or adjustments. Think of it like the net cash you keep after selling a long-owned item and paying off related losses or costs; it matters because these gains determine taxable income and after-tax investment returns, influence dividend capacity and tax planning, and usually face lower tax rates than short-term gains.

return of capital financial

"Where the estimated amounts above show a portion of the distribution to be a "Return of Capital""

Return of capital is when an investor receives money from their investment that is not considered profit or earnings but rather a portion of the original amount they invested. It’s similar to getting back part of your initial savings rather than gains from it. This matters because it can affect how much money an investor still has in the investment and may have tax implications.

Investment Company Act of 1940 regulatory

"under Section 19 of the Investment Company Act of 1940, as amended (the "1940 Act")"

A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.

Form 1099-DIV regulatory

"The Fund will send you a Form 1099-DIV for the calendar year"

Form 1099-DIV is a U.S. tax document brokers, mutual funds and other financial institutions send to investors showing dividends and other distributions paid during the year. Investors use it like an annual receipt to report taxable income — including regular dividends, dividends that may qualify for lower tax rates, and capital gains distributions — so it directly affects tax liability and helps reconcile brokerage records with a tax return.

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PHILADELPHIA, April 30, 2026 /PRNewswire/ -- The abrdn Global Income Fund, Inc. (NYSE American: FCO) (the "Fund") announced today that it paid on April 30, 2026, a distribution to all shareholders of record as of April 22, 2026 (ex-dividend date April 22, 2026). Please see important disclosure further below.

This distribution represents the Fund's final distribution prior to its reorganization into abrdn Asia-Pacific Income Fund, Inc. (FAX), which was approved by shareholders at the special meeting held on April 13, 2026. The reorganization is expected to be completed after the close of trading on Friday, May 15, 2026, which will be the Fund's final day of trading, subject to satisfaction of customary closing conditions.

Shareholders of the Fund as of the close of market on May 15, 2026 will receive newly issued common shares of FAX with an aggregate net asset value equal to the net asset value of their Fund shares. Such shareholders will be deemed shareholders of FAX as of the opening of market trading on Monday, May 18, 2026. Additional pricing and transaction details will be announced in due course and will be made available on FAX's website at AberdeenFAX.com.

Importantly, Fund shareholders who continue as shareholders of FAX following the reorganization will be eligible to receive FAX's monthly distribution for May 2026, subject to applicable record date and distribution details, which are expected to be announced in early May.

Important Disclosure Related to the Fund's April 30^th Distribution

Under U.S. tax rules applicable to the Fund, the amount and character of distributable income for each fiscal year can be finally determined only as of the end of the Fund's fiscal year. However, under Section 19 of the Investment Company Act of 1940, as amended (the "1940 Act") and related Rules, the Fund may be required to indicate to shareholders the estimated source of certain distributions to shareholders.

The following tables set forth the estimated amounts of the sources of the distributions for purposes of Section 19 of the 1940 Act and the rules adopted thereunder. The tables have been computed based on generally accepted accounting principles. The tables include estimated amounts and percentages for the current distribution paid this month as well as for the cumulative distributions paid relating to the fiscal year to date, from the following sources: net investment income; net realized short-term capital gains; net realized long-term capital gains; and return of capital. The estimated compositions of the distributions may vary because the estimated composition may be impacted by future income, expenses and realized gains and losses on securities and currencies. The Fund's estimated sources of the distributions paid this month and for its current fiscal year to date are as follows:

Estimated Amounts of Current Distribution per Share
Fund Ticker	CUSIP	Distribution Amount	Net Investment Income		Net Realized Short-Term Gains**		Net Realized Long-Term Gains		Return of Capital
FCO	003013109	$0.0700	$0.0140	20 %	$0.0056	8 %	-	-	$0.0504	72 %

 

Estimated Amounts of Fiscal Year to Date Cumulative Distributions per Share
Fund Ticker	CUSIP	Distribution Amount	Net Investment Income		Net Realized Short-Term Gains**		Net Realized Long-Term Gains		Return of Capital
FCO	003013109	$0.4200	$0.0840	20 %	$0.0336	8 %	-	-	$0.3024	72 %

Where the estimated amounts above show a portion of the distribution to be a "Return of Capital," it means that the Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all the money that you invested in a Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income."

As of April 21, 2026, after giving effect to this payment FCO estimates it has a net deficit of $14,016,000. A net deficit results when the Fund has net unrealized losses that are in excess of any net realized gains that have not yet been distributed.

The amounts and sources of distributions reported are only estimates and are not being provided for tax reporting purposes. The final determination of the source of all distributions in 2026 will be made after year-end. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of the fiscal year and may be subject to change based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Shareholders should not draw any conclusions about the Fund's investment performance from the amount of the Fund's current distributions.

Circular 230 disclosure: To ensure compliance with requirements imposed by the U.S. Treasury, we inform you that any U.S. tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.

Important Information

Closed-end funds are traded on the secondary market through one of the stock exchanges. A fund's investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund's portfolio. There is no assurance that a fund will achieve its investment objective. Past performance does not guarantee future results.

The value at which a closed-end fund stock trades on a stock exchange is a function of external market factors that are not under the control of the Fund's Board or Investment Advisor. Closed-end fund shares may therefore trade at a premium or a discount to net asset value at any given time. Shareholders should be aware that a fund trading at a premium to net asset value may not be sustainable, and a fund's discount to net asset value can widen as well as narrow. Shareholders of a fund trading at a premium who participate in that fund's dividend reinvestment plan should note the reinvestment of distributions may occur at a premium to net asset value.

About Aberdeen Investments

Aberdeen Investments Global is the trade name of Aberdeen's investments business, herein referred to as "Aberdeen Investments" or "Aberdeen". In the United States, Aberdeen Investments refers to the following affiliated, registered investment advisers: abrdn Inc., abrdn Investments Limited, and abrdn Asia Limited.

Aberdeen Investments is one of the world's largest asset management firms with extensive experience in managing closed-end funds dating back to the 1980s. As of December 31, 2025, Aberdeen Investments had approximately $525 billion in assets under management.

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SOURCE Aberdeen Global Income Fund, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What distribution did FCO pay on April 30, 2026 and who was eligible?

The Fund paid a final distribution of $0.0700 per share on April 30, 2026. According to the company, shareholders of record as of April 22, 2026 were eligible, with an ex-dividend date of April 22, 2026.

When will FCO reorganize into abrdn Asia-Pacific Income Fund (FAX) and what happens to my shares?

Reorganization is expected to complete after the close on May 15, 2026. According to the company, shareholders as of close May 15 will receive newly issued FAX shares equal to their FCO NAV and be FAX shareholders on May 18.

How much of the April distribution was estimated as return of capital for FCO?

The Fund estimated 72% of the April 30 distribution was return of capital. According to the company, that means the majority of the distribution exceeded income and gains and may reflect return of invested capital.

What are FCO's fiscal year-to-date distribution totals and composition through April 2026?

Fiscal year-to-date distributions total $0.4200 per share. According to the company, approximately 20% is net investment income, 8% is net realized long-term gains, and 72% is return of capital.

Does FCO report any balance-sheet concerns before the reorganization into FAX?

As of April 21, 2026, the Fund estimates a $14,016,000 net deficit. According to the company, this net deficit reflects unrealized losses in excess of undistributed realized gains as disclosed.