Company: FCO
Filing Date: 2025-01-10
Form Type: N-CSR
Source: 0001104659-25-002474
Chunk: 44

Company: ABRDN GLOBAL INCOME FUND, INC.
Filing Date: 2025-01-10
Form: N-CSR
Chunk 44
---
 information on performance compiled by ISS on the Fund’s total return as compared with the funds in the Fund’s Morningstar category (the “Morningstar Group”). In addition, the Board received and reviewed information regarding the Fund’s total return on a gross and net basis against the Fund’s benchmark, the impact of foreign currency movements on the Fund’s performance and the Fund’s share price performance and premium/discount information. The Directors noted that the Fund’s performance for the one-year and three-year periods ended March 31, 2024 were ranked first in its Morningstar Group and exceeded the returns of the Fund’s composite benchmark, while returns for longer periods trailed those of the benchmark and the average return in the Fund’s Morningstar Group. The Board considered management’s discussion of the factors that contributed to differences in performance, including differences in the investment strategies, restrictions and risks of these other funds. The Board took into account information about and management’s discussion of the Fund’s discount/premium ranking relative to its Peer Group, noting that the Fund’s shares had been trading, on average, at a premium over the past five years and that the Fund’s average premium had exceeded the average of its Peer Group over that period. Additionally, the Directors considered management’s discussion of the factors contributing to differences in performance, including differences in the investment strategies of each of these other funds and accounts. The Board also considered the Advisers’ performance generally, the historical responsiveness of the Advisers to Director concerns about performance, and the willingness of the Advisers to take steps intended to improve performance. The Board concluded that the Fund’s overall performance, in conjunction with management’s explanation of the reasons for underperformance and the actions taken to improve performance, was acceptable. The costs of services provided and profits realized by the Advisers and their affiliates from their relationships with the Fund. The Board reviewed with management information compiled at the request of the Fund by ISS that compared the Fund’s effective annual management fee rate paid to the Adviser with the fees paid by the Peer Group. The Board took into account the management fee structure, including that management fees for the Fund were based on the Fund’s total managed assets, whether attributable to common stock or borrowings, if any. The Board also considered information from the Advisers about the fees charged by the Advisers to other clients investing primarily in an asset class similar to that of the Fund. The Board reviewed and considered additional information about the Advisers’ fees, including the amount of the management fees retained by the Investment Manager after payment of the sub-ad