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abrdn Asia-Pacific Income Fund Announces Upcoming 1-For-6 Reverse Stock Split, Expected To Begin At The Open Of Trading On The NYSE On September 9, 2024

Author: Benzinga Newsdesk | August 19, 2024 08:14am

abrdn Asia-Pacific Income Fund, Inc. (NYSE:FAX) (the "Fund"), a closed-end fund, announced today that the Fund's Board of Directors approved a 1-for-6 reverse stock split of the Fund's common stock.

The Fund anticipates completing a 1-for-6 reverse stock split prior to the open of trading on the New York Stock Exchange (the "NYSE") on September 9, 2024, for common stockholders of record as of the close of business on September 6, 2024. Trading in shares of the Fund's common stock on a split-adjusted basis is expected to begin at the open of trading on the NYSE on September 9, 2024. Shares of the Fund's common stock will continue trading on the NYSE American under its existing ticker symbol (NYSE:FAX) but will be assigned the new CUSIP number below.

Posted In: FAX

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