ABRDN Global Income Fund (NYSE: FCO) director logs share exchange in fund reorganization

Rhea-AI Filing Summary

ABRDN Global Income Fund, Inc. director Rahn K. Porter reported an internal fund reorganization rather than a market trade. On May 15, 2026, abrdn Global Income Fund (the Target Fund) was reorganized into the abrdn Asia-Pacific Income Fund (the Acquiring Fund).

In this reorganization, the reporting person exchanged 1,098.303 common shares of the Target Fund for 194 common shares of the Acquiring Fund, based on a stated conversion ratio of 0.176821. The Target Fund reported a NAV per share of $2.7423 and the Acquiring Fund reported a NAV per share of $15.509 as of that date, with cash paid only for any fractional shares.

Insider Trade Summary

Net Seller: 1,098.303 shares

Net Sell 1 txn

Insider Porter Rahn K

Role Director

Type	Security	Shares	Price	Value
Other	Common Stock	1,098.303	$0.00	$0.00

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

Footnotes (1)

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 194 common shares of the Acquiring Fund in exchange for their 1,098.303 common shares of the Target Fund.

Key Figures

Target Fund shares exchanged: 1,098.303 shares Acquiring Fund shares received: 194 shares Target Fund NAV per share: $2.7423 +3 more

6 metrics

Target Fund shares exchanged 1,098.303 shares Common shares of abrdn Global Income Fund surrendered in reorganization

Acquiring Fund shares received 194 shares Common shares of abrdn Asia-Pacific Income Fund received in exchange

Target Fund NAV per share $2.7423 NAV per share for abrdn Global Income Fund as of May 15, 2026

Acquiring Fund NAV per share $15.509 NAV per share for abrdn Asia-Pacific Income Fund as of May 15, 2026

Conversion ratio 0.176821 Shares of Acquiring Fund received per Target Fund share

Restructuring shares 1,098.303 shares Shares involved in restructuring-type transaction (code J)

Key Terms

Reorganization, NAV per share, conversion ratio, fractional shares, +1 more

5 terms

Reorganization financial

"such reorganization, the "Reorganization")"

NAV per share financial

"the Target Fund reported a NAV per share of $2.7423"

NAV per share is the value of a fund or company's assets minus its liabilities, divided by the number of shares outstanding — think of it as the price of one slice of a pie made from all the holdings. Investors use it to judge whether a share’s market price is fair: if the market price is lower than NAV per share, shares may be trading at a discount; if higher, at a premium.

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.

fractional shares financial

"although cash was distributed for any fractional shares"

Fractional shares are portions of a whole share of a stock or fund, allowing investors to own less than one full unit. They make it possible to invest a specific dollar amount rather than buy whole shares, like buying a slice of a pizza instead of the entire pie. For investors this lowers the cost barrier, helps with diversification, and lets you reinvest dividends or purchase expensive stocks in small, precise amounts.

Other acquisition or disposition financial

"transaction_code_description": "Other acquisition or disposition""

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 05/19/2026 - 12:13 PM Learn about SEC filing dates

FAQ

What did FCO director Rahn K. Porter report in this Form 4?

The filing reports a fund reorganization, not a market trade. Porter exchanged 1,098.303 ABRDN Global Income Fund shares for 194 abrdn Asia-Pacific Income Fund shares under a stated conversion ratio, reflecting a structural change in fund organization.

How many ABRDN Global Income Fund (FCO) shares were exchanged in the reorganization?

The reporting person exchanged 1,098.303 common shares of abrdn Global Income Fund. These shares were converted into 194 common shares of the abrdn Asia-Pacific Income Fund based on the disclosed conversion ratio and fund net asset values as of May 15, 2026.

What was the share conversion ratio in the ABRDN Global Income Fund reorganization?

The conversion ratio for the Target Fund’s common shares was 0.176821. This means each abrdn Global Income Fund share was converted into 0.176821 abrdn Asia-Pacific Income Fund shares, with cash distributed only for any resulting fractional share positions.

What net asset values were used in the FCO fund reorganization?

As of May 15, 2026, the Target Fund reported a net asset value per share of $2.7423, and the Acquiring Fund reported a net asset value per share of $15.509. These values were used to determine the share exchange in the reorganization.

Did Rahn K. Porter buy or sell FCO shares on the market in this Form 4?

The transaction is categorized as an “other acquisition or disposition” related to a fund reorganization. Shares were exchanged between the Target and Acquiring Funds based on NAV and a set conversion ratio, rather than bought or sold on the open market.

How many shares did the insider receive after the ABRDN fund reorganization?

In the reorganization, the reporting person received 194 common shares of the abrdn Asia-Pacific Income Fund. These were issued in exchange for 1,098.303 common shares of the abrdn Global Income Fund, with cash distributed only for any resulting fractional share amounts.

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
Estimated average burden
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^*

Porter Rahn K

(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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/15/2026		J(1)		1,098.303	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

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 194 common shares of the Acquiring Fund in exchange for their 1,098.303 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)