Director restructures FCO stake in ABRDN Global Income Fund (NYSE: FCO)

(Neutral)

Form Type

Rhea-AI Filing Summary

ABRDN Global Income Fund, Inc. completed a reorganization into the abrdn Asia-Pacific Income Fund, Inc. effective May 15, 2026. In this transaction, common shareholders exchanged their holdings based on each fund’s net asset value per share, less reorganization costs, with cash paid only for fractional shares.

Director Moritz A. Sell 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, reflecting a conversion ratio of 0.176821 for the Target Fund’s common shares.

Insider Trade Summary

Net Seller: 1,000 shares

Net Sell 1 txn

Insider SELL MORITZ A

Role Director

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

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

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 176 common shares of the Acquiring Fund in exchange for their 1000 common shares of the Target Fund.

Key Figures

Shares exchanged: 1,000 common shares Shares received: 176 common shares Target Fund NAV: $2.7423 per share +3 more

6 metrics

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

Shares received 176 common shares Acquiring Fund shares received by reporting person

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 share conversion ratio

Transaction code J Other acquisition or disposition / restructuring

Key Terms

Reorganization, NAV, conversion ratio, other acquisition or disposition, +1 more

5 terms

Reorganization financial

"such reorganization, the "Reorganization""

NAV financial

"reported a NAV per share of $2.7423"

Net asset value (NAV) is the total value of all the investments and assets in a fund or company, minus any debts or liabilities, divided by the number of shares or units outstanding. It represents the per-share worth, giving investors an idea of what each share is truly worth based on the underlying assets. Think of it like a company's total worth divided among its shares, helping investors assess whether a share is fairly priced.

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.

other acquisition or disposition financial

"transaction_code_description": "Other acquisition or disposition""

common shares financial

"common shareholders of the Target Fund received common shares of the Acquiring Fund"

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 05/19/2026 - 12:14 PM

FAQ

What insider transaction did ABRDN Global Income Fund (FCO) report?

ABRDN Global Income Fund reported a restructuring transaction, not an open-market trade. Director Moritz A. Sell exchanged 1,000 common shares of the Target Fund for 176 common shares of the abrdn Asia-Pacific Income Fund in a planned reorganization.

Was the FCO Form 4 filing a buy or sell of ABRDN Global Income Fund shares?

The Form 4 was categorized as an "other" transaction, not a standard buy or sell. It reflects a reorganization where Target Fund shares were converted into shares of the abrdn Asia-Pacific Income Fund based on relative net asset values.

How many ABRDN Global Income Fund (FCO) shares were involved in the director’s transaction?

The reporting director’s transaction involved 1,000 common shares of the Target Fund. These shares were exchanged in the reorganization for 176 common shares of the abrdn Asia-Pacific Income Fund, following a calculated conversion ratio tied to each fund’s net asset value.

What conversion ratio was used in the ABRDN Global Income Fund (FCO) reorganization?

The reorganization used a conversion ratio of 0.176821 for the Target Fund’s common shares. This ratio determined how many abrdn Asia-Pacific Income Fund shares each ABRDN Global Income Fund share converted into, based on each fund’s net asset value per share.

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

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. These net asset values determined the share conversion ratio for the reorganization.

Did ABRDN Global Income Fund (FCO) shareholders receive cash in the reorganization?

Shareholders primarily received common shares of the abrdn Asia-Pacific Income Fund in exchange for Target Fund shares. Cash was distributed only for any fractional shares created by the conversion, according to the disclosed reorganization terms.

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^*

SELL MORITZ A

(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 1000 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