[Form 4] ABRDN ASIA-PACIFIC INCOME FUND, INC. Insider Trading Activity

Rhea-AI Filing Summary

Abrdn Asia-Pacific Income Fund director Peter Gerald Malone reported a personal purchase of 600 shares of the fund's common stock on 09/26/2025 at a price of $16.78 per share. After the transaction he beneficially owned 766 shares. The Form 4 was signed on behalf of the reporting person by Robert Stieger under a power of attorney on 09/30/2025. The filing identifies the reporting person as a director and shows the transaction code "P" indicating a purchase.

Positive

• Director purchase disclosed: The reporting person acquired 600 shares at $16.78, showing some personal investment in the company

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: A director purchased a small number of shares, signaling limited insider alignment but not a material ownership change.

Peter Gerald Malone is identified as a director who acquired 600 shares at $16.78, bringing beneficial ownership to 766 shares. The transaction is a straightforward open-market purchase (code P) disclosed on a Form 4. The filing was executed under a power of attorney, which is a routine administrative detail. Given the small size of the holding relative to typical institutional or director stakes, this transaction is unlikely to materially affect control or trigger governance concerns.

Securities Analyst

TL;DR: Insider buy of 600 shares is a minor transaction; it confirms insider ownership but is not financially material.

The Form 4 reports a 09/26/2025 purchase of 600 common shares at $16.78, resulting in 766 shares beneficially owned. The purchase price and share count are explicitly stated. The use of a power of attorney for signature is noted, dated 09/30/2025. From a market-impact perspective, this level of insider buying is immaterial and unlikely to influence valuations or trading liquidity for the fund.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

MALONE PETER GERALD

(Last) (First) (Middle)

C/O ABRDN

1900 MARKET STREET, SUITE 200

(Street)

PHILADELPHIA PA 19103

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ABRDN ASIA-PACIFIC INCOME FUND, INC. [ FAX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/26/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/26/2025		P		600	A	$16.78	766	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

	/s/ Robert Stieger, by POA from Reporting Person	09/30/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did the ABRDN ASIA-PACIFIC INCOME FUND (ABAKF) insider report?

Answer: The insider reported a purchase of 600 shares of common stock on 09/26/2025 at $16.78 per share.

How many shares does the reporting person beneficially own after the transaction?

Answer: The reporting person beneficially owned 766 shares following the reported transaction.

Who is the reporting person on the Form 4 for ABAKF?

Answer: The reporting person is Peter Gerald Malone, identified as a director.

When was the Form 4 signed and by whom?

Answer: The Form 4 was signed by Robert Stieger by power of attorney on 09/30/2025.

What does transaction code 'P' mean on this Form 4?

Answer: In this filing the code 'P' is used to indicate a purchase, as shown for the 600-share acquisition.