What NAV per share figures were used in the ABRDN FCO restructuring?

As of May 15, 2026, ABRDN Global Income Fund reported a NAV per share of $2.7423, while abrdn Asia-Pacific Income Fund reported a NAV per share of $15.509. These values underpinned the share conversion mechanics for the reorganization transaction.

Fund reorganization shifts ABRDN Global Income Fund (FCO) director into Asia-Pacific shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

ABRDN Global Income Fund, Inc. reported a share exchange tied to its reorganization into abrdn Asia-Pacific Income Fund, Inc. On May 15, 2026, the fund was reorganized, and common shareholders received shares of the acquiring fund based on each fund’s net asset value (NAV).

The reporting director exchanged 1,000 common shares of the Target Fund for 176 common shares of the Acquiring Fund. The Target Fund reported a NAV per share of $2.7423 and the Acquiring Fund reported a NAV per share of $15.509, using a stated conversion ratio of 0.176821. This was a structural, non-market transaction.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Ajmera Radhika

Role null

Type	Security	Shares	Price	Value
Other	Common Stock	1,000	$0.00	--

Holdings After Transaction: Common Stock — 0 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares exchanged: 1,000 shares Shares received: 176 shares Target Fund NAV: $2.7423 per share +4 more

7 metrics

Shares exchanged 1,000 shares Target Fund common shares surrendered in reorganization

Shares received 176 shares Acquiring Fund common shares received in exchange

Target Fund NAV $2.7423 per share NAV per share as of May 15, 2026

Acquiring Fund NAV $15.509 per share NAV per share as of May 15, 2026

Conversion ratio 0.176821 Target Fund common shares to Acquiring Fund common shares

Transaction date May 15, 2026 Effective date of the reorganization

Restructuring shares 1,000 shares Classified as restructuring in transaction summary

Key Terms

Reorganization, NAV per share, conversion ratio, abrdn Asia-Pacific Income Fund, Inc.

4 terms

Reorganization financial

"such reorganization, the "Reorganization""

conversion ratio financial

"The conversion ratio for the Target Fund's common shares was 0.176821"

The conversion ratio is the number of common shares an investor receives when a convertible security (like a bond or preferred share) or an exchangeable instrument is turned into ordinary stock. It matters because it tells investors how much ownership or dilution will occur — similar to knowing how many slices you get when you trade in a coupon — and directly affects the value you get from the convertible and the company’s future share count.

abrdn Asia-Pacific Income Fund, Inc. financial

"was reorganized into the abrdn Asia-Pacific Income Fund, Inc."

Form 4 Insider Transactions: What Each Field Means →

05/19/2026 - 12:12 PM

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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hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Ajmera Radhika

(Last)

(First)

(Middle)

C/O ABRDN

1900 MARKET STREET, SUITE 200

(Street)

PHILADELPHIA

PENNSYLVANIA

19103

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ABRDN GLOBAL INCOME FUND, INC. [ FCO ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/15/2026		J⁽¹⁾		1,000	D	⁽¹⁾	0	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. 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.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

	/s/ Robert Stieger, by POA from Reporting Person	05/19/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did the Form 4 for ABRDN Global Income Fund (FCO) report?

The Form 4 shows a structural share exchange from a fund reorganization. A director’s 1,000 common shares in ABRDN Global Income Fund were converted into 176 shares of abrdn Asia-Pacific Income Fund, reflecting each fund’s reported NAV and a stated conversion ratio.

How many FCO shares did the reporting person exchange in the reorganization?

The reporting person exchanged 1,000 common shares of ABRDN Global Income Fund. These Target Fund shares were surrendered in the May 15, 2026 reorganization and converted into common shares of the abrdn Asia-Pacific Income Fund under the disclosed conversion ratio and NAV values.

What did the reporting person receive in the ABRDN fund reorganization?

The reporting person received 176 common shares of abrdn Asia-Pacific Income Fund. These shares were issued in exchange for 1,000 ABRDN Global Income Fund shares, with values aligned to each fund’s reported net asset value and the stated 0.176821 conversion ratio at closing.

What conversion ratio applied to ABRDN Global Income Fund (FCO) shares?

The conversion ratio for ABRDN Global Income Fund common shares was 0.176821. This ratio determined how many abrdn Asia-Pacific Income Fund shares each shareholder received when their Target Fund shares were exchanged during the May 15, 2026 reorganization.

Was the ABRDN Global Income Fund Form 4 an open-market trade?

No, the transaction was not an open-market trade. It reflects an “other acquisition or disposition” under code J, documenting a fund reorganization where shares were exchanged based on NAV and a fixed conversion ratio rather than bought or sold in the market.