secwatch.observer — SEC 8-K summary
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Issuer:     ABRDN ASIA-PACIFIC INCOME FUND, INC. (FAX)
CIK:        0000790500
Form:       8-K
Filed at:   2024-10-03T23:59:59+00:00
Accession:  0001104659-24-105892
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

abrdn Asia-Pacific Income Fund issues $100M Series B Mandatorily Redeemable Preferred Shares due 2029
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- Issued 4,000,000 Series B MRP Shares at $25 per share liquidation preference.
- Gross proceeds of $100 million; mandatory redemption on October 3, 2029.
- Shares rated 'AA-' by Kroll Bond Rating Agency; exempt from SEC registration under Rule 506(c).
- Net proceeds used for general working capital and investment portfolio enhancements.
- Fund adopted Articles Supplementary authorizing the new preferred share series.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/790500/000110465924105892/0001104659-24-105892-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/790500/000110465924105892/tm2425241d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-105892

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