Company: FCO
Filing Date: 2025-04-14
Form Type: DEF 14A
Source: 0001104659-25-034665
Chunk: 11

Company: ABRDN GLOBAL INCOME FUND, INC.
Filing Date: 2025-04-14
Form: DEF 14A
Chunk 11
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(1) This information has been furnished by each Director as of October 31, 2024. "Beneficial ownership" is determined in accordance with Rule 16a-1(a)(2) promulgated under the Securities Exchange Act of 1934, as amended (the "1934 Act"). (2) "Family of Investment Companies" means those registered investment companies that share abrdn or an affiliate as the investment adviser and that hold themselves out to investors as related companies for purposes of investment and investor services. As of April 1, 2025, each Fund's Directors and officers, in the aggregate, owned less than 1% of that Fund's outstanding equity securities. As of April 1, 2025, none of the Independent Directors or their immediate family members owned any shares of the Investment Manager or Sub-Adviser or of any person (other than a registered investment company) directly or indirectly controlling, controlled by, or under common control with the Investment Manager or Sub-Adviser. Mr. Goodson and Ms. Ferrari serve as executive officers of the Funds. As of April 1, 2025, Mr. Goodson and Ms. Ferrari did not own shares of the Funds' common stock. BOARD AND COMMITTEE STRUCTURE Each Board is currently composed of four Independent Directors and one Interested Director, Christian Pittard. Each Fund's bylaws provide that the Board to be elected by holders of a Fund's common stock shall be divided into three classes, as nearly equal in number as possible, each of which will serve for three years, with one class being elected each year. Each Board has appointed Mr. Malone, an Independent Director, as Chair. The Chair presides at meetings of the Directors, participates in the preparation of the agenda for meetings of the Board, and acts as a liaison between the Directors and management between Board meetings. Except for any duties specified herein, the designation of the Chair does not impose on such Director any duties, obligations or liability that is greater than the duties, obligations or liability imposed on such person as a member of the Board, generally. Each Board holds regular quarterly meetings each year to consider and address matters involving the respective Fund. Each Board also may hold special meetings to address matters arising between regular meetings. The Independent Directors also meet outside the presence of management in executive session at least quarterly and have engaged separate, independent legal counsel to assist them in performing their oversight responsibilities. Each Board has established a committee structure that includes an Audit Committee, and