abrdn Global Income Fund to Reorganize into Asia-Pacific Income Fund
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
- Shareholder Meeting Scheduled: abrdn Global Income Fund (FCO) is set to hold a special shareholder meeting on March 12, 2026, to vote on the reorganization into abrdn Asia-Pacific Income Fund (FAX), impacting all shareholders of record as of December 12, 2025.
- Proxy Statement Progress: The issuance of the proxy statement was delayed due to the federal government shutdown, but it has now been filed with the SEC and will be mailed to shareholders after SEC approval, ensuring transparency and compliance.
- Tax Implications: The reorganization is intended to be treated as a tax-free reorganization for U.S. federal income tax purposes, and if approved, it will close in the second quarter of 2026, potentially benefiting shareholders by reducing tax liabilities.
- Investment Objectives Remain Unchanged: Post-reorganization, the investment objectives and policies of FAX will remain the same, with the Board believing this move is in the best interest of shareholders, aimed at enhancing investor confidence and optimizing asset management strategies.
Analyst Views on FAX
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.
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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.
