abrdn Global Income Fund Adjourns Shareholder Meeting on Proposed Reorganization

The fund seeks additional proxies to meet quorum requirements for vote on merger with abrdn Asia-Pacific Income Fund.

Apr. 10, 2026 at 8:45pm

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An extreme close-up of intricate, metallic banking machinery and gears, conveying the institutional strength and security of the financial system as a conceptual metaphor.The proposed merger of two abrdn closed-end funds aims to streamline the firm's Asia-focused income offerings and provide greater scale for shareholders.Philadelphia Today

abrdn Global Income Fund, Inc. (NYSE American: FCO) announced that its Special Meeting of Shareholders, originally scheduled for today, has been adjourned to allow the fund to solicit additional proxies to achieve the required quorum. Shareholders are being asked to vote on a proposed reorganization agreement between FCO and abrdn Asia-Pacific Income Fund, Inc. (NYSE American: FAX), as well as the liquidation and dissolution of FCO.

Why it matters

The proposed reorganization is part of abrdn's broader strategy to streamline and optimize its closed-end fund offerings. If approved, the merger would combine two of abrdn's Asia-focused income funds, potentially providing greater scale and efficiency for shareholders.

The details

Shareholders must approve both the reorganization agreement and the liquidation of FCO. The abrdn Global Income Fund's board unanimously recommends that shareholders vote in favor of the proposals. The special meeting has been rescheduled for April 13, 2026 to allow more time to solicit the required number of votes.

  • The original special shareholder meeting was held on April 10, 2026.
  • The special meeting has been adjourned and rescheduled for April 13, 2026 at 6:00 pm Eastern Time.

The players

abrdn Global Income Fund, Inc.

A closed-end fund that invests in a diversified portfolio of global fixed income securities.

abrdn Asia-Pacific Income Fund, Inc.

A closed-end fund that invests in a diversified portfolio of Asia-Pacific fixed income securities.

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What’s next

Shareholders will receive supplemental proxy materials in the mail with further information about the proposals. The proxy statement is also available on the SEC's website.

The takeaway

This adjournment highlights the importance of shareholder engagement and the need for closed-end funds to maintain sufficient support from investors, especially for major corporate actions like mergers and liquidations.