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AI brief of an SEC Form 8-K · ABRDN ASIA-PACIFIC INCOME FUND, INC. (FAX)

Aberdeen Asia-Pacific Income Fund to redeem $600 million of preferred stock, funded by borrowing

Neutral Impact 4 of 5 financing Written later

Aberdeen Asia-Pacific Income Fund, Inc. has resolved to redeem all nine series of its Auction Market Preferred Stock, with an aggregate liquidation preference of $600 million, and replace it with an equivalent amount of borrowing from a syndicate of major financial institutions. Redemptions are scheduled to run from April 22, 2008 to May 13, 2008, and the company states the redemption remains subject to the approval and completion of financing.

Key points

  • Aggregate liquidation preference of the AMPS is $600 million across Series A through I
  • Redemption price is $25,000 per share plus accrued and unpaid dividends to the Redemption Date
  • Redemption dates range from April 22, 2008 (Series B and E) to May 13, 2008 (Series A)
  • Redemption is subject to the approval and completion of financing

The filing

CompanyABRDN ASIA-PACIFIC INCOME FUND, INC. (FAX)
Form8-K, current report
Filed with the SECApr 21, 2008, 8:54 PM ET
Accession number0001193125-08-085920

Items reported: 8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 21, 2008.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.