Proxy Filing and Reorganization Proposal: abrdn Global Income Fund, Inc. (FCO) and abrdn Asia-Pacific Income Fund, Inc. (FAX) filed a proxy statement with the SEC regarding the proposed reorganization of FCO into FAX, which is pending SEC review.
Impact of Government Shutdown: The federal government shutdown that began on October 1, 2025, has limited SEC resources, delaying the review process and the effectiveness of the proxy statement.
Shareholder Communication: The proxy will not be distributed to FCO shareholders until it is declared effective by the SEC, and shareholders are advised to read the proxy for important information once available.
Investment Risks: The press release highlights that closed-end funds may trade at a premium or discount to their net asset value, and past performance does not guarantee future results, emphasizing the fluctuating nature of investment returns.
Wall Street analysts forecast FAX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FAX is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast FAX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FAX is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 15.690
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Current: 15.690
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About FAX
abrdn Asia-Pacific Income Fund, Inc. (the Fund) is a closed-end, non-diversified investment management company. The Fund's principal investment objective is to seek current income. The Fund aims to provide monthly income by investing primarily in locally researched Asian and Australian debt securities. The Fund invests at least 80% of its assets, plus the amount of any borrowings for investment purposes in Asia-Pacific debt securities, which includes debt securities of Asia-Pacific Country issuers, including securities issued by Asia-Pacific Country governmental entities, as well as by banks, companies and other entities which are located in Asia-Pacific Countries, and debt securities issued by a wholly owned subsidiary of an entity located in an Asia-Pacific Country, provided that the debt securities are guaranteed by the parent entity located in the Asia-Pacific Country. The Fund's investment manager is abrdn Asia Limited.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
