ABRDN ASIA-PACIFIC INCOME FUND, INC.

ABRDN ASIA-PACIFIC INCOME FUND, INC.

ABRDN ASIA-PACIFIC INCOME FUND, INC. operates as a non-diversified, closed-end management investment company listed on the NYSE American under the ticker FAX. The fund is managed by abrdn Asia Limited, a wholly-owned subsidiary of abrdn plc, the Edinburgh-headquartered global asset manager formed from the 2017 merger of Standard Life and Aberdeen Asset Management. Its investment objective centers on current income, with a secondary goal of capital appreciation. The fund maintains a flexible mandate that allows allocation across the Asia-Pacific credit spectrum and equity markets. Its portfolio historically combines sovereign and corporate debt from issuers in countries including Australia, India, Indonesia, and China, alongside select equity holdings. Confirmed positions across recent reporting periods include Australian government bonds, Indian corporate issuers, and financial-sector debt from Southeast Asian markets. The fund can invest across the credit-quality spectrum, including below-investment-grade securities, and may use leverage to enhance yield and total return. abrdn Asia Limited provides portfolio management from its Singapore hub, drawing on abrdn's broader Asia-Pacific fixed-income and equity research teams. The fund does not maintain separate investment staff. As a US-listed closed-end fund with an Asia-Pacific mandate, it occupies a specific structural niche — distributing monthly income to shareholders while trading at premiums or discounts to net asset value in response to market sentiment and distributions. The fund has maintained a managed distribution policy, periodically adjusting payout rates in line with portfolio earnings. Structurally, the fund sits apart from open-end mutual funds and ETFs common to APAC income strategies. Its closed-end format creates a fixed capital pool, allowing the managers to hold less-liquid credits without facing redemption-driven selling. This architecture makes the vehicle a distinct tool for income-oriented allocators seeking exposure to Asian credit markets without managing direct settlement, custody, or currency hedging logistics.